Johnson & Johnson Reduces Stock Holdings in Lyell Immunopharma, Inc. $LYEL

Key Points

• Johnson & Johnson significantly reduced its stake in Lyell Immunopharma by 95%, leaving it with only 41,165 shares, which now represent just 0.1% of its overall holdings.
• Lyell Immunopharma's stock has recently seen a 12.3% increase and is currently trading at $17.75, despite a reported earnings per share of ($2.89) for the last quarter.
• Institutional investors collectively own 66.05% of Lyell Immunopharma's stock, with various firms altering their stakes significantly in recent months.

Johnson & Johnson decreased its stake in shares of Lyell Immunopharma, Inc. (NASDAQ:LYEL - Free Report) by 95.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,165 shares of the company's stock after selling 782,152 shares during the quarter. Lyell Immunopharma comprises 0.1% of Johnson & Johnson's holdings, making the stock its 17th biggest position. Johnson & Johnson owned approximately 0.28% of Lyell Immunopharma worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in LYEL. AQR Capital Management LLC raised its stake in shares of Lyell Immunopharma by 773.5% during the 1st quarter. AQR Capital Management LLC now owns 174,279 shares of the company's stock valued at $94,000 after buying an additional 154,327 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Lyell Immunopharma by 82.4% during the first quarter. Exchange Traded Concepts LLC now owns 246,349 shares of the company's stock worth $133,000 after buying an additional 111,299 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Lyell Immunopharma by 143.8% during the 4th quarter. Two Sigma Advisers LP now owns 306,400 shares of the company's stock valued at $196,000 after acquiring an additional 180,700 shares during the last quarter. Nuveen LLC acquired a new position in Lyell Immunopharma in the first quarter valued at about $345,000. Finally, Acadian Asset Management LLC increased its stake in Lyell Immunopharma by 204.2% during the 1st quarter. Acadian Asset Management LLC now owns 660,899 shares of the company's stock worth $354,000 after buying an additional 443,614 shares during the period. Hedge funds and other institutional investors own 66.05% of the company's stock.

Lyell Immunopharma Stock Up 12.3%

Shares of NASDAQ:LYEL opened at $17.75 on Monday. Lyell Immunopharma, Inc. has a 12-month low of $7.65 and a 12-month high of $30.00. The business has a 50 day moving average of $12.30 and a 200-day moving average of $10.41. The stock has a market cap of $341.00 million, a PE ratio of -0.73 and a beta of -0.07.

Lyell Immunopharma (NASDAQ:LYEL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($2.89) earnings per share for the quarter, topping analysts' consensus estimates of ($3.80) by $0.91. The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.00 million. Lyell Immunopharma had a negative return on equity of 85.58% and a negative net margin of 552,328.31%. Equities research analysts expect that Lyell Immunopharma, Inc. will post -0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LYEL. HC Wainwright reissued a "neutral" rating and issued a $10.00 price objective on shares of Lyell Immunopharma in a report on Tuesday, June 24th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lyell Immunopharma in a research note on Saturday, September 27th. Finally, Wall Street Zen raised shares of Lyell Immunopharma from a "sell" rating to a "hold" rating in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lyell Immunopharma presently has an average rating of "Sell" and a consensus price target of $15.00.

Lyell Immunopharma Company Profile

Lyell Immunopharma, Inc, a clinical-stage cell therapy company, develops T cell reprogramming technologies for patients with solid tumors. The company develops therapies using an ex vivo genetic reprogramming technologies, such as c Jun overexpression and NR4A3 gene knockout, to endow resistance to T cell exhaustion; and an ex vivo epigenetic reprogramming technologies, including Epi R to generate population of T cells with durable stemness, and Stim R, a proprietary synthetic cell mimetic.

Want to see what other hedge funds are holding LYEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lyell Immunopharma, Inc. (NASDAQ:LYEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.