Douglas Lane & Associates LLC Has $82.687 Million Stake in Illumina, Inc. (ILMN)
Douglas Lane & Associates LLC cut its stake in Illumina, Inc. (NASDAQ:ILMN) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 484,567 shares of the life sciences company’s stock after selling 2,623 shares during the period. Illumina accounts for approximately 2.1% of Douglas Lane & Associates LLC’s holdings, making the stock its 3rd largest position. Douglas Lane & Associates LLC owned approximately 0.33% of Illumina worth $82,687,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Westpac Banking Corp acquired a new stake in Illumina during the third quarter valued at about $4,870,000. Blue Jay Capital Management LLC acquired a new stake in Illumina during the third quarter valued at about $10,767,000. Nelson Roberts Investment Advisors LLC raised its stake in Illumina by 1.8% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 34,269 shares of the life sciences company’s stock valued at $6,225,000 after buying an additional 594 shares during the last quarter. Viking Global Investors LP acquired a new stake in Illumina during the fourth quarter valued at about $44,810,000. Finally, Atlanta Capital Group raised its stake in Illumina by 34.0% in the third quarter. Atlanta Capital Group now owns 12,285 shares of the life sciences company’s stock valued at $2,232,000 after buying an additional 3,114 shares during the last quarter. 92.79% of the stock is owned by institutional investors.
Illumina, Inc. (NASDAQ:ILMN) traded down 1.06% on Friday, hitting $175.29. 1,302,599 shares of the stock were exchanged. The company’s 50 day moving average is $169.25 and its 200 day moving average is $152.32. The stock has a market cap of $25.64 billion, a PE ratio of 57.10 and a beta of 0.79. Illumina, Inc. has a 1-year low of $119.37 and a 1-year high of $186.88.
Illumina (NASDAQ:ILMN) last released its earnings results on Tuesday, January 31st. The life sciences company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Illumina had a net margin of 19.31% and a return on equity of 22.89%. The company had revenue of $619 million for the quarter, compared to the consensus estimate of $612.50 million. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that Illumina, Inc. will post $3.64 earnings per share for the current year.
ILMN has been the subject of several recent research reports. CL King raised shares of Illumina from a “neutral” rating to a “buy” rating in a research report on Friday, January 6th. Vetr raised shares of Illumina from a “buy” rating to a “strong-buy” rating and set a $148.34 price objective for the company in a research report on Tuesday, January 3rd. Piper Jaffray Companies reissued an “overweight” rating and issued a $187.00 price objective (up previously from $170.00) on shares of Illumina in a research report on Friday, April 14th. Evercore ISI raised shares of Illumina from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Monday, February 27th. Finally, Cowen and Company reissued an “outperform” rating and issued a $150.00 price objective on shares of Illumina in a research report on Wednesday, January 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $161.22.
In other Illumina news, Director A Blaine Bowman sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $172.72, for a total transaction of $518,160.00. Following the transaction, the director now directly owns 18,704 shares in the company, valued at approximately $3,230,554.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel Bradbury sold 600 shares of the company’s stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $172.79, for a total transaction of $103,674.00. Following the transaction, the director now owns 17,065 shares in the company, valued at $2,948,661.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,476 shares of company stock worth $2,078,440. Corporate insiders own 1.60% of the company’s stock.
Illumina Company Profile
Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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