Equitable Holdings, Inc. (NYSE:EQH) Shares Sold by Parkwood LLC

Parkwood LLC trimmed its stake in Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 35.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 228,690 shares of the company's stock after selling 123,233 shares during the quarter. Equitable makes up 1.2% of Parkwood LLC's portfolio, making the stock its 28th biggest holding. Parkwood LLC owned approximately 0.07% of Equitable worth $10,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Equitable during the fourth quarter worth about $668,250,000. Wellington Management Group LLP increased its stake in Equitable by 59.9% during the fourth quarter. Wellington Management Group LLP now owns 8,817,020 shares of the company's stock worth $415,899,000 after acquiring an additional 3,303,449 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Equitable by 608.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,468,912 shares of the company's stock worth $69,289,000 after acquiring an additional 1,261,466 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Equitable by 237.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,758,637 shares of the company's stock worth $82,955,000 after acquiring an additional 1,236,799 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Equitable during the fourth quarter worth about $53,927,000. 92.70% of the stock is owned by institutional investors and hedge funds.

Equitable Stock Up 0.3%

EQH traded up $0.17 on Monday, reaching $53.76. The company's stock had a trading volume of 276,739 shares, compared to its average volume of 2,598,000. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 14.07 and a beta of 1.15. Equitable Holdings, Inc. has a 1 year low of $36.46 and a 1 year high of $56.00. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The business's 50 day moving average is $50.17 and its 200 day moving average is $50.01.

Equitable (NYSE:EQH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.14). The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.05 billion. Equitable had a net margin of 10.51% and a return on equity of 85.70%. The business's revenue was up 105.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. As a group, research analysts forecast that Equitable Holdings, Inc. will post 7.33 EPS for the current fiscal year.

Insider Activity at Equitable

In related news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the sale, the insider now owns 139,073 shares of the company's stock, valued at approximately $7,109,411.76. This trade represents a 3.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total value of $369,163.08. Following the completion of the sale, the chief operating officer now directly owns 104,298 shares in the company, valued at approximately $5,776,023.24. This trade represents a 6.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,998 shares of company stock valued at $6,345,563. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Equitable from $58.00 to $67.00 and gave the stock an "overweight" rating in a research note on Monday. Keefe, Bruyette & Woods upped their target price on Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their target price on Equitable from $59.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group raised Equitable from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $49.00 to $77.00 in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets boosted their price target on Equitable from $69.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.83.

Equitable Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.