Gilead Sciences (NASDAQ:GILD) CEO Sells $2,546,100.00 in Stock

Gilead Sciences, Inc. (NASDAQ:GILD – Get Free Report) CEO Daniel O’Day sold 15,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $169.74, for a total transaction of $2,546,100.00. Following the transaction, the chief executive officer owned 551,683 shares in the company, valued at approximately $93,642,672.42. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Patrick O’day also recently made the following trade(s):

  • On Friday, October 30th, Daniel O’Day sold 15,881 shares of Gilead Sciences stock. The stock was sold at an average price of $175.25, for a total transaction of $2,783,145.25.
  • On Thursday, October 1st, Daniel O’Day sold 15,000 shares of Gilead Sciences stock. The stock was sold at an average price of $147.90, for a total transaction of $2,218,500.00.
  • On Tuesday, September 1st, Daniel O’Day sold 15,000 shares of Gilead Sciences stock. The stock was sold at an average price of $148.64, for a total transaction of $2,229,600.00.

Gilead Sciences Price Performance

NASDAQ GILD traded down $0.35 during trading hours on Monday, hitting $170.33. The company’s stock had a trading volume of 8,856,542 shares, compared to its average volume of 5,751,038. Gilead Sciences, Inc. has a twelve month low of $116.88 and a twelve month high of $175.65. The company has a current ratio of 1.27, a quick ratio of 1.09 and a debt-to-equity ratio of 2.03. The stock has a fifty day moving average of $151.36 and a 200 day moving average of $140.03.

Gilead Sciences (NASDAQ:GILD – Get Free Report) last released its earnings results on Thursday, October 29th. The biopharmaceutical company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.36. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $7.81 billion. Gilead Sciences had a negative net margin of 10.64% and a negative return on equity of 2.11%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.47 EPS. As a group, equities analysts predict that Gilead Sciences, Inc. will post -1.03 earnings per share for the current fiscal year.

Gilead Sciences Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, December 15th. Gilead Sciences’s dividend payout ratio (DPR) is currently -103.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GILD shares. Truist Financial upped their price objective on Gilead Sciences from $158.00 to $181.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada raised their target price on Gilead Sciences from $126.00 to $131.00 and gave the stock a “sector perform” rating in a report on Friday. Bank of America boosted their target price on Gilead Sciences from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Leerink Partners cut Gilead Sciences from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $146.00 to $127.00 in a research note on Tuesday, July 21st. Finally, Citigroup increased their price target on shares of Gilead Sciences from $165.00 to $188.00 and gave the company a “buy” rating in a research report on Friday. Twenty-three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Gilead Sciences presently has an average rating of “Moderate Buy” and a consensus price target of $169.74.

View Our Latest Stock Analysis on GILD

Trending Headlines about Gilead Sciences

Here are the key news stories impacting Gilead Sciences this week:

Hedge Funds Weigh In On Gilead Sciences

Several institutional investors have recently modified their holdings of GILD. BlackRock Inc. acquired a new stake in shares of Gilead Sciences during the second quarter worth $15,393,785,000. State Street Corp lifted its position in Gilead Sciences by 2.3% in the 2nd quarter. State Street Corp now owns 61,216,552 shares of the biopharmaceutical company’s stock valued at $7,734,099,000 after acquiring an additional 1,357,967 shares in the last quarter. Amundi lifted its position in Gilead Sciences by 10.7% in the 1st quarter. Amundi now owns 10,539,111 shares of the biopharmaceutical company’s stock valued at $1,468,836,000 after acquiring an additional 1,018,976 shares in the last quarter. Legal & General Group Plc bought a new stake in Gilead Sciences in the 2nd quarter valued at $1,316,606,000. Finally, Deutsche Bank AG acquired a new position in Gilead Sciences in the 2nd quarter worth $918,387,000. Institutional investors own 83.67% of the company’s stock.

Gilead Sciences Company Profile

(Get Free Report)

Gilead Sciences, Inc is a biopharmaceutical company that discovers, develops and commercializes medicines for serious and life-threatening diseases. The company is best known for its HIV treatments, including Biktarvy, Descovy, Genvoya and Truvada, as well as therapies for chronic hepatitis B and hepatitis C. Its portfolio also includes Veklury (remdesivir), an antiviral treatment for COVID-19.

Gilead has expanded into oncology and cell therapy through products such as Trodelvy and the CAR T-cell therapies Yescarta and Tecartus, which are developed and marketed through its Kite subsidiary.

Featured Articles

Insider Buying and Selling by Quarter for Gilead Sciences (NASDAQ:GILD)

Receive News & Ratings for Gilead Sciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gilead Sciences and related companies with MarketBeat.com's FREE daily email newsletter.