Insider Selling: Illumina, Inc. (ILMN) EVP Sells 2,000 Shares of Stock
Illumina, Inc. (NASDAQ:ILMN) EVP Marc Stapley sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $205.48, for a total value of $410,960.00. Following the completion of the sale, the executive vice president now directly owns 30,370 shares in the company, valued at $6,240,427.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Marc Stapley also recently made the following trade(s):
- On Thursday, October 26th, Marc Stapley sold 2,000 shares of Illumina stock. The stock was sold at an average price of $206.88, for a total transaction of $413,760.00.
- On Tuesday, September 5th, Marc Stapley sold 2,000 shares of Illumina stock. The stock was sold at an average price of $205.93, for a total transaction of $411,860.00.
Shares of Illumina, Inc. (NASDAQ:ILMN) traded up $3.09 on Thursday, hitting $208.51. 563,729 shares of the stock were exchanged, compared to its average volume of 961,646. The company has a market cap of $30,440.00, a price-to-earnings ratio of 60.25, a price-to-earnings-growth ratio of 3.40 and a beta of 0.74. The company has a current ratio of 4.22, a quick ratio of 3.73 and a debt-to-equity ratio of 0.41. Illumina, Inc. has a 1 year low of $119.37 and a 1 year high of $214.50.
Illumina (NASDAQ:ILMN) last posted its quarterly earnings results on Tuesday, October 24th. The life sciences company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.12. The company had revenue of $714.00 million during the quarter, compared to analyst estimates of $692.77 million. Illumina had a net margin of 30.34% and a return on equity of 19.42%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. equities research analysts forecast that Illumina, Inc. will post 3.75 EPS for the current year.
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Institutional investors have recently modified their holdings of the business. Winslow Capital Management LLC purchased a new stake in Illumina during the 2nd quarter valued at about $211,584,000. HPM Partners LLC lifted its stake in Illumina by 29,103.8% during the 2nd quarter. HPM Partners LLC now owns 751,999 shares of the life sciences company’s stock valued at $107,724,000 after acquiring an additional 749,424 shares during the period. Fred Alger Management Inc. lifted its stake in shares of Illumina by 611.9% in the 2nd quarter. Fred Alger Management Inc. now owns 637,597 shares of the life sciences company’s stock worth $110,636,000 after purchasing an additional 548,030 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Illumina by 55.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,475,669 shares of the life sciences company’s stock worth $256,058,000 after purchasing an additional 527,548 shares during the period. Finally, Capital World Investors lifted its stake in shares of Illumina by 23.8% in the 2nd quarter. Capital World Investors now owns 2,135,000 shares of the life sciences company’s stock worth $370,465,000 after purchasing an additional 410,000 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on ILMN. BidaskClub lowered shares of Illumina from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of Illumina from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $250.00 price objective on shares of Illumina in a research note on Wednesday, August 2nd. Canaccord Genuity reissued a “buy” rating and issued a $230.00 price objective (up previously from $215.00) on shares of Illumina in a research note on Thursday, October 12th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $200.00 price objective on shares of Illumina in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Illumina presently has an average rating of “Hold” and a consensus target price of $200.88.
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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