Simplex Trading buys $19,284,388 stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Simplex Trading scooped up 212,451 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 256,305 shares of Gilead Sciences which is valued at $19,284,388.Gilead Sciences makes up approximately 2.51% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Stokes Hubbell Capital Management sold out all of its stake in GILD during the most recent quarter. The investment firm sold 2,706 shares of GILD which is valued $203,599.Chevy Chase Trust Holdings reduced its stake in GILD by selling 37,575 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 1,105,781 shares of GILD which is valued at $85,775,432. Gilead Sciences makes up approx 0.47% of Chevy Chase Trust Holdings’s portfolio. North Star Asset Management Inc sold out all of its stake in GILD during the most recent quarter. The investment firm sold 3,651 shares of GILD which is valued $283,208.Washington Trust Bank reduced its stake in GILD by selling 2,270 shares or 37.2% in the most recent quarter. The Hedge Fund company now holds 3,832 shares of GILD which is valued at $297,248. Gilead Sciences makes up approx 0.07% of Washington Trust Bank’s portfolio.Eqis Capital Management boosted its stake in GILD in the latest quarter, The investment management firm added 897 additional shares and now holds a total of 71,366 shares of Gilead Sciences which is valued at $5,535,861. Gilead Sciences makes up approx 0.35% of Eqis Capital Management’s portfolio.

Gilead Sciences closed down -0.97 points or -1.27% at $75.24 with 1,11,49,150 shares getting traded on Friday. Post opening the session at $76.45, the shares hit an intraday low of $74.92 and an intraday high of $76.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Gilead Sciences reported $3.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $3.01. The company had revenue of $7776.00 million for the quarter, compared to analysts expectations of $7795.08 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.15 EPS.

Many Wall Street Analysts have commented on Gilead Sciences. Shares were Reiterated by RBC Capital Mkts on Oct 3, 2016 to “Outperform” and Lowered the Price Target to $ 95 from a previous price target of $105 .Shares were Downgraded by Leerink Partners on Sep 27, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 94 from a previous price target of $112 .Berenberg Initiated Gilead Sciences on Sep 12, 2016 to “Buy”, Price Target of the shares are set at $112.

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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