ARK Investment Management LLC Has $27.31 Million Stock Position in Elbit Systems Ltd. $ESLT

Key Points

• ARK Investment Management raised its stake in Elbit Systems by 11.6% in Q3 to 53,569 shares, worth $27.31 million and representing about 0.12% of the company.
• Analysts are mixed with an average rating of "Hold" and an average target price of $550.33, while the stock recently opened near $885, trading well above consensus targets (market cap ≈ $39.3B; 52‑week range $343–$886.27).

ARK Investment Management LLC raised its holdings in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,569 shares of the aerospace company's stock after buying an additional 5,550 shares during the quarter. ARK Investment Management LLC owned 0.12% of Elbit Systems worth $27,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ESLT. USA Financial Formulas bought a new stake in shares of Elbit Systems in the 3rd quarter valued at $26,000. Traub Capital Management LLC acquired a new stake in Elbit Systems in the second quarter worth $31,000. Financial Consulate Inc. bought a new stake in Elbit Systems in the third quarter valued at $60,000. Montag A & Associates Inc. acquired a new position in shares of Elbit Systems during the second quarter valued at about $68,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Elbit Systems by 20.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company's stock worth $83,000 after purchasing an additional 32 shares in the last quarter. 17.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ESLT. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Elbit Systems in a research report on Monday, December 29th. Zacks Research lowered Elbit Systems from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 12th. Morgan Stanley began coverage on Elbit Systems in a report on Thursday, December 11th. They set an "equal weight" rating and a $531.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Elbit Systems from $530.00 to $580.00 and gave the company a "neutral" rating in a report on Friday, December 19th. Finally, Wall Street Zen upgraded Elbit Systems from a "hold" rating to a "buy" rating in a report on Saturday, January 17th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $550.33.

Elbit Systems Stock Performance

Shares of ESLT opened at $885.00 on Thursday. The firm has a market capitalization of $39.34 billion, a P/E ratio of 89.94, a P/E/G ratio of 2.50 and a beta of 0.22. Elbit Systems Ltd. has a 52 week low of $343.00 and a 52 week high of $886.27. The stock has a 50 day moving average price of $695.65 and a two-hundred day moving average price of $563.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.32.

Elbit Systems Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.

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