Insider Selling: Gilead Sciences (NASDAQ:GILD) CEO Sells 15,000 Shares of Stock

Gilead Sciences, Inc. (NASDAQ:GILD – Get Free Report) CEO Daniel O’Day sold 15,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $169.74, for a total value of $2,546,100.00. Following the completion of the sale, the chief executive officer owned 551,683 shares in the company, valued at $93,642,672.42. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Patrick O’day also recently made the following trade(s):

  • On Friday, October 30th, Daniel O’Day sold 15,881 shares of Gilead Sciences stock. The shares were sold at an average price of $175.25, for a total value of $2,783,145.25.
  • On Thursday, October 1st, Daniel O’Day sold 15,000 shares of Gilead Sciences stock. The shares were sold at an average price of $147.90, for a total transaction of $2,218,500.00.
  • On Tuesday, September 1st, Daniel O’Day sold 15,000 shares of Gilead Sciences stock. The stock was sold at an average price of $148.64, for a total transaction of $2,229,600.00.

Gilead Sciences Stock Down 0.2%

Shares of Gilead Sciences stock traded down $0.35 during mid-day trading on Monday, reaching $170.33. 8,856,542 shares of the stock were exchanged, compared to its average volume of 5,751,038. The company has a current ratio of 1.27, a quick ratio of 1.09 and a debt-to-equity ratio of 2.03. The firm has a 50-day simple moving average of $151.36 and a 200 day simple moving average of $140.03. Gilead Sciences, Inc. has a fifty-two week low of $116.88 and a fifty-two week high of $175.65.

Gilead Sciences (NASDAQ:GILD – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The biopharmaceutical company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.36. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.81 billion. Gilead Sciences had a negative net margin of 10.64% and a negative return on equity of 2.11%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.47 earnings per share. Analysts expect that Gilead Sciences, Inc. will post -1.03 EPS for the current year.

Gilead Sciences Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be paid a $0.82 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.9%. Gilead Sciences’s payout ratio is -103.80%.

Key Stories Impacting Gilead Sciences

Here are the key news stories impacting Gilead Sciences this week:

Institutional Trading of Gilead Sciences

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Gilead Sciences during the 2nd quarter worth $15,393,785,000. State Street Corp increased its stake in shares of Gilead Sciences by 2.3% in the 2nd quarter. State Street Corp now owns 61,216,552 shares of the biopharmaceutical company’s stock valued at $7,734,099,000 after buying an additional 1,357,967 shares during the period. Amundi raised its position in shares of Gilead Sciences by 10.7% during the first quarter. Amundi now owns 10,539,111 shares of the biopharmaceutical company’s stock worth $1,468,836,000 after acquiring an additional 1,018,976 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Gilead Sciences during the second quarter worth $1,316,606,000. Finally, Deutsche Bank AG acquired a new position in shares of Gilead Sciences during the second quarter valued at $918,387,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GILD. Wells Fargo & Company raised their price target on Gilead Sciences from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Friday. UBS Group boosted their price objective on Gilead Sciences from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday. Leerink Partners cut Gilead Sciences from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $146.00 to $127.00 in a report on Tuesday, July 21st. Morgan Stanley raised their target price on Gilead Sciences from $163.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Gilead Sciences in a report on Monday. Twenty-three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.74.

Read Our Latest Research Report on GILD

Gilead Sciences Company Profile

(Get Free Report)

Gilead Sciences, Inc is a biopharmaceutical company that discovers, develops and commercializes medicines for serious and life-threatening diseases. The company is best known for its HIV treatments, including Biktarvy, Descovy, Genvoya and Truvada, as well as therapies for chronic hepatitis B and hepatitis C. Its portfolio also includes Veklury (remdesivir), an antiviral treatment for COVID-19.

Gilead has expanded into oncology and cell therapy through products such as Trodelvy and the CAR T-cell therapies Yescarta and Tecartus, which are developed and marketed through its Kite subsidiary.

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