Smith Asset Management Group Lp buys $83,471,701 stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Smith Asset Management Group Lp scooped up 13,354 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 985,731 shares of Gilead Sciences which is valued at $83,471,701.Gilead Sciences makes up approximately 2.51% of Smith Asset Management Group Lp’s portfolio.

Other Hedge Funds, Including , Renaissance Group boosted its stake in GILD in the latest quarter, The investment management firm added 39,264 additional shares and now holds a total of 336,808 shares of Gilead Sciences which is valued at $28,520,901. Gilead Sciences makes up approx 1.18% of Renaissance Group’s portfolio.Clarkston Capital Partners reduced its stake in GILD by selling 250 shares or 9.26% in the most recent quarter. The Hedge Fund company now holds 2,450 shares of GILD which is valued at $207,466. Gilead Sciences makes up approx 0.01% of Clarkston Capital Partners’s portfolio.Annex Advisory Services reduced its stake in GILD by selling 63 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 2,768 shares of GILD which is valued at $234,394. Gilead Sciences makes up approx 0.07% of Annex Advisory Services’s portfolio.World Asset Management Inc reduced its stake in GILD by selling 24,534 shares or 15.66% in the most recent quarter. The Hedge Fund company now holds 132,144 shares of GILD which is valued at $11,656,422. Gilead Sciences makes up approx 0.46% of World Asset Management Inc’s portfolio.Burt Wealth Advisors boosted its stake in GILD in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 2,117 shares of Gilead Sciences which is valued at $186,741. Gilead Sciences makes up approx 0.17% of Burt Wealth Advisors’s portfolio.

Gilead Sciences opened for trading at $86.41 and hit $86.48 on the upside on Tuesday, eventually ending the session at $86.18, with a gain of 0.60% or 0.51 points. The heightened volatility saw the trading volume jump to 68,40,044 shares. Company has a market cap of $114,776 M.

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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