Eli Lilly and Company $LLY Position Increased by Verum Partners LLC

Key Points

• Verum Partners LLC increased its position in Eli Lilly and Company by 487.1%, acquiring a total of 4,174 shares valued at approximately $3,254,000.
• Insider trading activity included purchases by directors Gabrielle Sulzberger and Jamere Jackson, with Sulzberger acquiring 117 shares at $641.18 each and Jackson buying 200 shares at $639.56 each.
• Despite recent analyst downgrades and target price reductions, the consensus rating for Eli Lilly remains a Moderate Buy with a target price averaging $939.61.

Verum Partners LLC boosted its holdings in Eli Lilly and Company (NYSE:LLY - Free Report) by 487.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,174 shares of the company's stock after buying an additional 3,463 shares during the quarter. Verum Partners LLC's holdings in Eli Lilly and Company were worth $3,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LLY. Duquesne Family Office LLC raised its holdings in Eli Lilly and Company by 52.5% during the 1st quarter. Duquesne Family Office LLC now owns 94,830 shares of the company's stock worth $78,321,000 after buying an additional 32,640 shares during the period. Corient IA LLC purchased a new position in shares of Eli Lilly and Company in the first quarter worth approximately $570,000. LS Investment Advisors LLC raised its holdings in shares of Eli Lilly and Company by 1.7% during the first quarter. LS Investment Advisors LLC now owns 2,340 shares of the company's stock valued at $1,933,000 after acquiring an additional 40 shares during the period. Cutter Capital Management LP purchased a new stake in shares of Eli Lilly and Company in the 1st quarter valued at approximately $14,866,000. Finally, Prism Advisors Inc. acquired a new position in Eli Lilly and Company in the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 82.53% of the company's stock.

Insider Activity

In related news, Director Gabrielle Sulzberger bought 117 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $641.18 per share, for a total transaction of $75,018.06. Following the completion of the acquisition, the director directly owned 2,703 shares in the company, valued at approximately $1,733,109.54. This represents a 4.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jamere Jackson purchased 200 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were bought at an average price of $639.56 per share, with a total value of $127,912.00. Following the purchase, the director owned 9,402 shares in the company, valued at $6,013,143.12. This represents a 2.17% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 4,514 shares of company stock valued at $2,894,841. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

LLY has been the topic of several recent analyst reports. Guggenheim cut their target price on shares of Eli Lilly and Company from $942.00 to $875.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Erste Group Bank downgraded Eli Lilly and Company from a "buy" rating to a "hold" rating in a research note on Thursday, June 5th. UBS Group lowered their target price on Eli Lilly and Company from $1,050.00 to $895.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Hsbc Global Res raised shares of Eli Lilly and Company from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, August 27th. Finally, Leerink Partnrs downgraded shares of Eli Lilly and Company from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $939.61.

Eli Lilly and Company Trading Down 0.6%

Shares of NYSE LLY opened at $742.51 on Thursday. The business has a 50 day simple moving average of $736.05 and a 200 day simple moving average of $768.68. Eli Lilly and Company has a 52 week low of $623.78 and a 52 week high of $939.30. The stock has a market cap of $702.75 billion, a price-to-earnings ratio of 48.53, a PEG ratio of 1.04 and a beta of 0.47. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.28.

Eli Lilly and Company (NYSE:LLY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $6.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.59 by $0.72. The firm had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.40 billion. Eli Lilly and Company had a net margin of 25.91% and a return on equity of 92.72%. The company's revenue was up 37.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.92 earnings per share. Eli Lilly and Company has set its FY 2025 guidance at 21.750-23.000 EPS. On average, research analysts predict that Eli Lilly and Company will post 23.48 earnings per share for the current fiscal year.

Eli Lilly and Company Company Profile

Eli Lilly and Company discovers, develops, and markets human pharmaceuticals worldwide. The company offers Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R, and Humulin U-500 for diabetes; Jardiance, Mounjaro, and Trulicity for type 2 diabetes; and Zepbound for obesity.

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