Gilead Sciences Inc (NASDAQ:GILD).
Thornburg Investment Management Inc says it bought 1,159 shares in the previous quarter increasing its stake in Gilead Sciences Inc (GILD) by 0.1%. Its investment was worth $100,154,000 an increase of 14.6% according to the filing.
The following firms have recently changed their position in GILD. Tredje Ap-fonden downsized its position by selling 2,622 shares a decrease of 1.3% from 06/30/2017 to 09/30/2017. Tredje Ap-fonden controls 195,154 shares with a value of $15,811,000. The total value of its holdings increased 12.9%. As of the end of the quarter Provident Investment Management, Inc. had acquired 4,327 shares growing its position 1.1%. The value of the company’s investment in Gilead Sciences Inc went from $26,665,000 to $30,873,000 a change of 15.8% since the last quarter.
Baird Financial Group, Inc. trimmed its ownership by shedding 277,746 shares a decrease of 37.9%. Baird Financial Group, Inc. now holds 454,660 shares valued at $36,837,000. The value of the position overall is down by 28.9%.
Equity analyst Mizuho raised the price target on November 8 changing the price objective from $77.00 to $83.00 with a “Buy” recommendation. On October 29, 2017 Mizuho released research on GILD stating a rating of “Buy” and projecting a price target of $77.00.
BMO Capital Markets lowered the price target on October 27 changing the forecast from $89.00 to $83.00 and issued a “Outperform” rating. October 27 investment analysts at Maxim Group kept a “Hold” rating on the company.
J P Morgan Chase & Co released guidance on GILD with a rating of “Buy” and a price target of $85.00. On October 20 BMO Capital Markets held the company rating at “Hold” with a current price target of $82.00.
The company is up since yesterday’s close of 71.15. The most current P/E ratio is 8.18 and the market cap is 93.87B. As of the latest earnings report the EPS was $8.79 with 1.31B shares outstanding.
Short traders are more bearish on the company recently if you take a look at the motion in short interest. The company recorded a rise in short interest of 5.91% as of the latest report on October 13, 2017. Short shares increased 1,347,854 over that timeframe. With short interest at 24,156,580 and short average daily volume at 6,447,073, days to cover is 4.0 and the percentage of shorted shares is 0.02% as of October 13.