J. Safra Sarasin Holding AG lifted its holdings in shares of Eli Lilly and Company (NYSE:LLY – Free Report) by 17.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,328 shares of the company’s stock after buying an additional 12,069 shares during the period. Eli Lilly and Company comprises 1.4% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 16th biggest holding. J. Safra Sarasin Holding AG’s holdings in Eli Lilly and Company were worth $88,478,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of LLY. Capital Research Global Investors raised its position in Eli Lilly and Company by 20.9% in the third quarter. Capital Research Global Investors now owns 25,088,371 shares of the company’s stock worth $19,141,787,000 after acquiring an additional 4,332,008 shares in the last quarter. Amundi lifted its holdings in Eli Lilly and Company by 27.1% in the third quarter. Amundi now owns 4,525,902 shares of the company’s stock valued at $3,823,977,000 after acquiring an additional 964,675 shares during the period. Victory Capital Management Inc. boosted its position in shares of Eli Lilly and Company by 47.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,309,006 shares of the company’s stock worth $1,761,772,000 after purchasing an additional 744,868 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Eli Lilly and Company during the 3rd quarter worth $512,022,000. Finally, Capital International Investors grew its stake in shares of Eli Lilly and Company by 6.1% during the 3rd quarter. Capital International Investors now owns 10,001,509 shares of the company’s stock worth $7,628,447,000 after purchasing an additional 579,381 shares during the period. 82.53% of the stock is owned by institutional investors and hedge funds.
Eli Lilly and Company Trading Up 3.9%
Shares of LLY opened at $955.45 on Thursday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.58 and a quick ratio of 1.19. Eli Lilly and Company has a 1-year low of $623.78 and a 1-year high of $1,133.95. The stock has a market cap of $902.73 billion, a price-to-earnings ratio of 41.63, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The firm has a 50 day simple moving average of $999.28 and a 200-day simple moving average of $966.87.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on LLY shares. Argus increased their price target on shares of Eli Lilly and Company from $930.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, February 9th. TD Cowen boosted their price objective on shares of Eli Lilly and Company from $960.00 to $1,250.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Wolfe Research upped their target price on shares of Eli Lilly and Company from $1,050.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Guggenheim dropped their target price on shares of Eli Lilly and Company from $1,168.00 to $1,163.00 and set a “buy” rating for the company in a report on Monday. Finally, Freedom Capital upgraded shares of Eli Lilly and Company from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Eli Lilly and Company currently has a consensus rating of “Moderate Buy” and an average price target of $1,221.26.
Get Our Latest Stock Analysis on LLY
Trending Headlines about Eli Lilly and Company
Here are the key news stories impacting Eli Lilly and Company this week:
- Positive Sentiment: FDA approved Lilly’s oral GLP?1 weight?loss pill Foundayo — the approval opens a large, fast?growing obesity market for a convenient daily pill (Lilly will sell Foundayo via LillyDirect with low listed cash prices and broad availability), which drove the stock rally. Lilly’s weight-loss pill wins US approval, sets up next battle with rival Novo Nordisk – reuters.com
- Positive Sentiment: Lilly agreed to acquire Centessa Pharmaceuticals (up to ~$7.8B including milestones) to add orexin/OX2R sleep?wake assets — diversification into neuroscience reduces concentration risk on GLP?1s and supports longer?term growth expectations. Eli Lilly to buy Centessa Pharma in $6.3 billion deal – Reuters
- Positive Sentiment: Unusual bullish options flow — large volume of call buying suggests traders positioned for further upside after the approval/announcements, amplifying intraday momentum. Eli Lilly Pops on GLP?1 Pill Approval. Should You Buy LLY Stock Here? – Barchart
- Neutral Sentiment: Competitive dynamics — Novo Nordisk is responding with subscription pricing for Wegovy and other tactics; Foundayo’s pricing/coverage and real?world adoption vs. Wegovy will determine market share, so near?term upside could be capped by competition. Novo Nordisk (NVO) Stock: New Wegovy Subscription Pricing Takes on Eli Lilly – Blockonomi
- Negative Sentiment: Policy and pricing risk — Lilly’s CEO publicly opposed codifying ‘Most Favored Nations’ drug?pricing deals into law, highlighting ongoing regulatory/political risks that could pressure pricing or margins over time. Eli Lilly opposes push to pass Trump’s drug pricing deals into law, CEO says – CNBC
Eli Lilly and Company Profile
Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company founded in 1876 and headquartered in Indianapolis, Indiana. The company researches, develops, manufactures and commercializes a broad range of medicines and therapies for patients worldwide. Eli Lilly maintains operations and commercial presence across North America, Europe, Asia and other regions, serving both developed and emerging markets. The company has been led in recent years by President and Chief Executive Officer David A.
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