Gilead Sciences (GILD) : Traynor Capital Management reduced its stake in Gilead Sciences by 1.78% during the most recent quarter end. The investment management company now holds a total of 19,018 shares of Gilead Sciences which is valued at $1,938,505 after selling 344 shares in Gilead Sciences , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Gilead Sciences makes up approximately 1.51% of Traynor Capital Management’s portfolio.
Gilead Sciences opened for trading at $101.56 and hit $102.45 on the upside on Friday, eventually ending the session at $101.93, with a gain of 0.19% or 0.19 points. The heightened volatility saw the trading volume jump to 1,03,01,937 shares. Company has a market cap of $139,323 M.
Other Hedge Funds, Including , Private Bank Trust Co reduced its stake in GILD by selling 3,965 shares or 42.3% in the most recent quarter. The Hedge Fund company now holds 5,408 shares of GILD which is valued at $551,237. Gilead Sciences makes up approx 0.09% of Private Bank Trust Co’s portfolio.Sit Investment Associates Inc boosted its stake in GILD in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 555,185 shares of Gilead Sciences which is valued at $54,569,134. Gilead Sciences makes up approx 0.99% of Sit Investment Associates Inc’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in GILD in the latest quarter, The investment management firm added 3,562 additional shares and now holds a total of 51,068 shares of Gilead Sciences which is valued at $5,019,474. Gilead Sciences makes up approx 1.00% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Kanaly Trust Co boosted its stake in GILD in the latest quarter, The investment management firm added 222 additional shares and now holds a total of 3,540 shares of Gilead Sciences which is valued at $347,947. Gilead Sciences makes up approx 0.07% of Kanaly Trust Co’s portfolio.Charter Trust Co boosted its stake in GILD in the latest quarter, The investment management firm added 289 additional shares and now holds a total of 12,740 shares of Gilead Sciences which is valued at $1,220,874. Gilead Sciences makes up approx 0.15% of Charter Trust Co’s portfolio.
On the company’s financial health, Gilead Sciences reported $3.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.34 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $2.98. The company had revenue of $8506.00 million for the quarter, compared to analysts expectations of $8163.83 million. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 EPS.
Many Wall Street Analysts have commented on Gilead Sciences. Shares were Reiterated by Leerink Partners on Mar 16, 2016 to “Outperform” and Lowered the Price Target to $ 127 from a previous price target of $130 .Citigroup Initiated Gilead Sciences on Feb 25, 2016 to “Buy”, Price Target of the shares are set at $110.Shares were Reiterated by Maxim Group on Feb 12, 2016 to “Buy” and Lowered the Price Target to $ 115 from a previous price target of $137 .
Gilead Sciences Inc. (Gilead) is a research-based biopharmaceutical company that discovers develops and commercializes innovative medicines. The Companys primary areas of focus include human immunodeficiency virus (HIV) liver diseases such as chronic hepatitis C virus (HCV) infection and chronic hepatitis B virus (HBV) infection oncology and inflammation and serious cardiovascular and respiratory conditions. The Companys HIV products include Stribild Complera/Eviplera Atripla Truvada Viread Emtriva Tybost and Vitekta. Its Liver Diseases products include Harvoni Sovaldi Viread and Hepsera. Zydelig is the Companys oncology product. Its Cardiovascular products include Letairis Ranexa and Lexiscan/Rapiscan. Its Respiratory products include Cayston and Tamiflu. Its other products include AmBisome and Macugen.