Insider Selling: Illumina, Inc. (ILMN) Director Sells 15,000 Shares of Stock
Illumina, Inc. (NASDAQ:ILMN) Director Jay T. Flatley sold 15,000 shares of Illumina stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $175.53, for a total transaction of $2,632,950.00. Following the completion of the transaction, the director now directly owns 534,176 shares of the company’s stock, valued at $93,763,913.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Illumina, Inc. (NASDAQ:ILMN) traded down 0.41% during midday trading on Thursday, hitting $173.76. 1,215,747 shares of the stock traded hands. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 35.17 and a beta of 0.79. The company’s 50 day moving average price is $178.76 and its 200-day moving average price is $157.71. Illumina, Inc. has a 12-month low of $119.37 and a 12-month high of $189.48.
Illumina (NASDAQ:ILMN) last posted its quarterly earnings results on Tuesday, April 25th. The life sciences company reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. Illumina had a return on equity of 22.89% and a net margin of 19.31%. The business had revenue of $598 million for the quarter, compared to analyst estimates of $590.51 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Illumina, Inc. will post $3.63 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. raised its position in Illumina by 1.0% in the fourth quarter. Baillie Gifford & Co. now owns 18,766,712 shares of the life sciences company’s stock valued at $2,402,890,000 after buying an additional 178,559 shares in the last quarter. Vanguard Group Inc. raised its position in Illumina by 3.0% in the first quarter. Vanguard Group Inc. now owns 9,648,842 shares of the life sciences company’s stock valued at $1,646,479,000 after buying an additional 285,379 shares in the last quarter. Edgewood Management LLC raised its position in Illumina by 33.6% in the fourth quarter. Edgewood Management LLC now owns 6,639,776 shares of the life sciences company’s stock valued at $850,157,000 after buying an additional 1,671,293 shares in the last quarter. Jennison Associates LLC raised its position in Illumina by 69.0% in the first quarter. Jennison Associates LLC now owns 5,254,274 shares of the life sciences company’s stock valued at $896,589,000 after buying an additional 2,144,576 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Illumina by 3.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,632,576 shares of the life sciences company’s stock valued at $841,554,000 after buying an additional 140,411 shares in the last quarter. Institutional investors and hedge funds own 92.79% of the company’s stock.
Several research analysts have recently weighed in on the stock. Vetr raised shares of Illumina from a “buy” rating to a “strong-buy” rating and set a $190.90 price objective for the company in a report on Tuesday, April 4th. Zacks Investment Research raised shares of Illumina from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a report on Tuesday, April 4th. Leerink Swann reissued a “buy” rating on shares of Illumina in a report on Wednesday, April 5th. Morgan Stanley restated an “underweight” rating and set a $115.00 target price (up from $108.00) on shares of Illumina in a research report on Monday, May 15th. Finally, Canaccord Genuity restated a “hold” rating and set a $150.00 target price on shares of Illumina in a research report on Tuesday, February 21st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $165.02.
Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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