Nan Shan Life Insurance Co. Ltd. Increases Stock Position in salesforce.com, inc. (NYSE:CRM)


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Nan Shan Life Insurance Co. Ltd. increased its position in shares of salesforce.com, inc. (NYSE:CRM) by 100.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,121 shares of the CRM provider’s stock after buying an additional 128,408 shares during the period. salesforce.com accounts for 1.2% of Nan Shan Life Insurance Co. Ltd.’s holdings, making the stock its 26th biggest position. Nan Shan Life Insurance Co. Ltd.’s holdings in salesforce.com were worth $56,995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRM. Perennial Investment Advisors LLC boosted its holdings in salesforce.com by 81.6% during the third quarter. Perennial Investment Advisors LLC now owns 4,030 shares of the CRM provider’s stock worth $1,013,000 after buying an additional 1,811 shares in the last quarter. Cypress Asset Management Inc. TX boosted its holdings in salesforce.com by 1.1% during the third quarter. Cypress Asset Management Inc. TX now owns 10,949 shares of the CRM provider’s stock worth $2,752,000 after buying an additional 119 shares in the last quarter. Altium Wealth Management LLC boosted its holdings in salesforce.com by 2.5% during the third quarter. Altium Wealth Management LLC now owns 8,747 shares of the CRM provider’s stock worth $2,198,000 after buying an additional 212 shares in the last quarter. Capital Wealth Alliance LLC purchased a new stake in salesforce.com during the third quarter worth $234,000. Finally, Ellevest Inc. raised its position in salesforce.com by 7.2% during the third quarter. Ellevest Inc. now owns 2,434 shares of the CRM provider’s stock worth $612,000 after acquiring an additional 164 shares during the period. 80.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on CRM. Oppenheimer restated a “buy” rating and set a $265.00 price objective on shares of salesforce.com in a research report on Wednesday, December 2nd. Pritchard Capital cut shares of salesforce.com from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $300.00 to $250.00 in a research report on Wednesday, December 2nd. Mizuho upped their price objective on shares of salesforce.com from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, February 17th. JPMorgan Chase & Co. set a $250.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, December 9th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of salesforce.com from a “buy” rating to a “neutral” rating and set a $250.00 price objective for the company. in a research report on Wednesday, December 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $264.83.

In other salesforce.com news, insider Amy E. Weaver sold 9,010 shares of the company’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $245.00, for a total value of $2,207,450.00. Following the completion of the transaction, the insider now owns 27,476 shares in the company, valued at approximately $6,731,620. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Amy E. Weaver sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 15th. The stock was sold at an average price of $220.90, for a total value of $2,429,900.00. Following the completion of the transaction, the insider now owns 31,676 shares of the company’s stock, valued at approximately $6,997,228.40. The disclosure for this sale can be found here. Insiders sold a total of 73,144 shares of company stock worth $16,619,830 over the last quarter. Insiders own 4.40% of the company’s stock.

NYSE:CRM traded down $5.50 during midday trading on Tuesday, reaching $235.45. The stock had a trading volume of 267,888 shares, compared to its average volume of 6,987,337. The firm has a fifty day simple moving average of $229.01 and a two-hundred day simple moving average of $237.12. salesforce.com, inc. has a 12-month low of $115.29 and a 12-month high of $284.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.07. The stock has a market cap of $215.44 billion, a P/E ratio of 62.91, a P/E/G ratio of 5.42 and a beta of 1.17.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, November 30th. The CRM provider reported $1.74 EPS for the quarter, topping the consensus estimate of $0.75 by $0.99. The company had revenue of $5.42 million for the quarter, compared to analyst estimates of $5.25 billion. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%. The business’s revenue was down 99.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. On average, sell-side analysts anticipate that salesforce.com, inc. will post 2.81 earnings per share for the current fiscal year.

salesforce.com Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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