Van ECK Associates Corp raised its holdings in shares of Eli Lilly and Company (NYSE:LLY - Free Report) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 312,049 shares of the company's stock after acquiring an additional 6,260 shares during the period. Van ECK Associates Corp's holdings in Eli Lilly and Company were worth $238,094,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in LLY. Exencial Wealth Advisors LLC boosted its holdings in Eli Lilly and Company by 189.6% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 17,408 shares of the company's stock valued at $13,283,000 after acquiring an additional 11,396 shares during the period. Rede Wealth LLC bought a new position in shares of Eli Lilly and Company in the third quarter worth approximately $487,000. Central Pacific Bank Trust Division increased its stake in shares of Eli Lilly and Company by 25.8% in the third quarter. Central Pacific Bank Trust Division now owns 8,990 shares of the company's stock worth $6,859,000 after buying an additional 1,843 shares during the period. Cidel Asset Management Inc. raised its holdings in Eli Lilly and Company by 26.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 26,726 shares of the company's stock valued at $20,392,000 after buying an additional 5,591 shares during the last quarter. Finally, Oak Family Advisors LLC purchased a new stake in Eli Lilly and Company during the 3rd quarter valued at $1,979,000. 82.53% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on LLY. Rothschild & Co Redburn upped their price target on Eli Lilly and Company from $775.00 to $830.00 and gave the company a "neutral" rating in a research report on Monday, January 26th. HSBC restated a "hold" rating and set a $1,070.00 target price on shares of Eli Lilly and Company in a report on Wednesday, December 10th. Argus boosted their price objective on shares of Eli Lilly and Company from $930.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $1,285.00 target price on shares of Eli Lilly and Company in a research report on Friday. Finally, Cantor Fitzgerald increased their price target on shares of Eli Lilly and Company from $985.00 to $1,205.00 and gave the stock an "overweight" rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,229.59.
Check Out Our Latest Report on LLY
Key Eli Lilly and Company News
Here are the key news stories impacting Eli Lilly and Company this week:
Eli Lilly and Company Price Performance
Shares of NYSE:LLY opened at $1,008.42 on Tuesday. The company has a market capitalization of $951.30 billion, a PE ratio of 43.94, a PEG ratio of 1.15 and a beta of 0.40. The business has a fifty day moving average price of $1,044.23 and a 200-day moving average price of $944.67. Eli Lilly and Company has a 1-year low of $623.78 and a 1-year high of $1,133.95. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.58 and a quick ratio of 1.19.
Eli Lilly and Company (NYSE:LLY - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $7.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.48 by $0.06. The business had revenue of $19.29 billion during the quarter, compared to analysts' expectations of $17.85 billion. Eli Lilly and Company had a net margin of 31.66% and a return on equity of 102.94%. The business's revenue for the quarter was up 42.6% compared to the same quarter last year. During the same period in the previous year, the company earned $5.32 earnings per share. Eli Lilly and Company has set its FY 2026 guidance at 33.500-35.000 EPS. As a group, equities analysts expect that Eli Lilly and Company will post 23.48 EPS for the current fiscal year.
About Eli Lilly and Company
(
Free Report)
Eli Lilly and Company NYSE: LLY is a global pharmaceutical company founded in 1876 and headquartered in Indianapolis, Indiana. The company researches, develops, manufactures and commercializes a broad range of medicines and therapies for patients worldwide. Eli Lilly maintains operations and commercial presence across North America, Europe, Asia and other regions, serving both developed and emerging markets. The company has been led in recent years by President and Chief Executive Officer David A.
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