Tradelink Capital adds Gilead Sciences (GILD) to its portfolio

Gilead Sciences (GILD) : Tradelink Capital added new position in Gilead Sciences during the most recent quarter end. The investment management firm now holds 18,516 shares of Gilead Sciences which is valued at $1,567,935 , the company said in a statement filed on May 2, 2016 with the SEC.Gilead Sciences makes up approximately 2.91% of Tradelink Capital’s portfolio.

Gilead Sciences closed down -1.18 points or -1.37% at $84.68 with 92,71,287 shares getting traded on Friday. Post opening the session at $85.67, the shares hit an intraday low of $84.04 and an intraday high of $85.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in GILD by selling 121,355 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 7,800,505 shares of GILD which is valued at $660,546,763. Gilead Sciences makes up approx 0.77% of American Century Companies Inc’s portfolio.United Bank Va reduced its stake in GILD by selling 16 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 5,578 shares of GILD which is valued at $492,035. Gilead Sciences makes up approx 0.50% of United Bank Va’s portfolio.Lebenthal Holdingsllc boosted its stake in GILD in the latest quarter, The investment management firm added 11,192 additional shares and now holds a total of 51,458 shares of Gilead Sciences which is valued at $5,245,114. Gilead Sciences makes up approx 0.90% of Lebenthal Holdingsllc’s portfolio.Redwood Investments boosted its stake in GILD in the latest quarter, The investment management firm added 4,580 additional shares and now holds a total of 166,653 shares of Gilead Sciences which is valued at $16,986,940. Gilead Sciences makes up approx 1.67% of Redwood Investments’s portfolio.Anderson Hoagland Co boosted its stake in GILD in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 31,615 shares of Gilead Sciences which is valued at $3,222,517. Gilead Sciences makes up approx 2.02% of Anderson Hoagland Co’s portfolio.

On the company’s financial health, Gilead Sciences reported $3.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $3.13. The company had revenue of $7794.00 million for the quarter, compared to analysts expectations of $8065.42 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS.

Many Wall Street Analysts have commented on Gilead Sciences. Gilead Sciences was Downgraded by Maxim Group to ” Hold” on Apr 29, 2016. Shares were Reiterated by UBS on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 118 from a previous price target of $130 .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 .

Gilead Sciences Inc. (Gilead) is a research-based biopharmaceutical company that discovers develops and commercializes innovative medicines. The Company’s 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 Company’s 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 Company’s 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.

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