As Illumina INC (ILMN) Stock Value Rose, Holder Edgewood Management LLC Cut by $127.60 Million Its Holding

November 15, 2017 - By Maria Brooks

Investors sentiment increased to 1.34 in Q2 2017. Its up 0.43, from 0.91 in 2017Q1. It improved, as 32 investors sold ILMN shares while 150 reduced holdings. 80 funds opened positions while 164 raised stakes. 133.36 million shares or 1.16% less from 134.93 million shares in 2017Q1 were reported. Massmutual Fsb Adv has 0% invested in Illumina, Inc. (NASDAQ:ILMN) for 47 shares. Citigroup reported 47,352 shares. Balyasny Asset Management Limited Liability holds 0.21% in Illumina, Inc. (NASDAQ:ILMN) or 297,348 shares. Fairfield Bush And has invested 1.06% in Illumina, Inc. (NASDAQ:ILMN). Orbimed Advsr holds 398,500 shares or 0.72% of its portfolio. Loomis Sayles And Ltd Partnership stated it has 29 shares. Lazard Asset Management Llc has 0% invested in Illumina, Inc. (NASDAQ:ILMN) for 10,000 shares. Jane Street Grp Limited Co has invested 0% in Illumina, Inc. (NASDAQ:ILMN). Commonwealth Of Pennsylvania Public School Empls Retrmt System accumulated 0.03% or 10,847 shares. Valmark Advisers holds 2,976 shares or 0.01% of its portfolio. Ny State Common Retirement Fund stated it has 455,929 shares or 0.1% of all its holdings. Aspiriant Lc owns 1,585 shares. Fjarde Ap has 0.12% invested in Illumina, Inc. (NASDAQ:ILMN) for 34,557 shares. Kayne Anderson Rudnick Invest Management Limited Liability has invested 0.18% in Illumina, Inc. (NASDAQ:ILMN). Wellington Shields And Limited Liability Corp has 89,022 shares.

Since May 23, 2017, it had 0 insider buys, and 8 insider sales for $7.50 million activity. Another trade for 145 shares valued at $26,789 was sold by Dadswell Charles. Shares for $341,699 were sold by Stapley Marc. ARNOLD FRANCES sold 825 shares worth $144,185. On Thursday, May 25 the insider BRADBURY DANIEL sold $104,167. $44,012 worth of Illumina, Inc. (NASDAQ:ILMN) shares were sold by Bouchard Michel.

Edgewood Management Llc decreased its stake in Illumina Inc (ILMN) by 12.24% based on its latest 2017Q2 regulatory filing with the SEC. Edgewood Management Llc sold 737,566 shares as the company’s stock rose 8.35% with the market. The institutional investor held 5.29M shares of the capital goods company at the end of 2017Q2, valued at $917.67 million, down from 6.03 million at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Illumina Inc for a number of months, seems to be less bullish one the $29.87 billion market cap company. The stock declined 0.71% or $1.47 reaching $204.58 per share. About 33,105 shares traded. Illumina, Inc. (NASDAQ:ILMN) has risen 28.24% since November 15, 2016 and is uptrending. It has outperformed by 11.54% the S&P500.

Edgewood Management Llc, which manages about $9.25 billion and $20.40B US Long portfolio, upped its stake in Netflix Inc (NASDAQ:NFLX) by 209,811 shares to 4.26 million shares, valued at $636.40M in 2017Q2, according to the filing. It also increased its holding in Allergan Plc by 872,465 shares in the quarter, for a total of 3.58 million shares, and has risen its stake in Visa Inc (NYSE:V).

Investors wait Illumina, Inc. (NASDAQ:ILMN) to report on January, 30. its quarterly earnings Wall Street analysts expect $1.18 EPS, up $0.33 or 38.82 % from last year’s $0.85 same quarter earnings. This translates into $172.27M profit for ILMN giving the stock a 43.36 P/E. This is assuming the current $1.18 EPS is accurate. Illumina, Inc.’s Wall Street analysts see 6.31 % EPS growth, taking into account the $1.11 EPS reproted in the previous quarter,

More notable recent Illumina, Inc. (NASDAQ:ILMN) news were published by: Nasdaq.com which released: “Illumina Inc. Reveals 13% Advance In Q3 Bottom Line” on October 24, 2017, also Finance.Yahoo.com with their article: “Illumina (ILMN) Tops Q3 Earnings & Revenues, Raises Guidance” published on October 25, 2017, Businesswire.com published: “Illumina Names Gary S. Guthart, Ph.D., to its Board of Directors, Adding …” on November 08, 2017. More interesting news about Illumina, Inc. (NASDAQ:ILMN) were released by: Fool.com and their article: “Illumina Inc. Keeps Up Its Winning Ways Thanks to NovaSeq Sales Growth” published on October 24, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Illumina, Inc., 30.0% Follow-Through Indicator, 4.9 …” with publication date: October 24, 2017.

Illumina, Inc. (NASDAQ:ILMN) Ratings Coverage

Among 26 analysts covering Illumina Inc (NASDAQ:ILMN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Illumina Inc had 76 analyst reports since July 22, 2015 according to SRatingsIntel. Argus Research maintained it with “Buy” rating and $235 target in Wednesday, September 13 report. The stock of Illumina, Inc. (NASDAQ:ILMN) has “Buy” rating given on Wednesday, October 25 by Cowen & Co. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, October 6. Morgan Stanley maintained Illumina, Inc. (NASDAQ:ILMN) rating on Wednesday, December 7. Morgan Stanley has “Underweight” rating and $100 target. The stock has “Hold” rating by Robert W. Baird on Monday, October 23. As per Tuesday, April 19, the company rating was maintained by Cowen & Co. The firm has “Equal-Weight” rating given on Tuesday, April 19 by Barclays Capital. The company was maintained on Wednesday, October 25 by Citigroup. The firm has “Buy” rating given on Wednesday, August 26 by Cantor Fitzgerald. As per Monday, December 21, the company rating was maintained by Stifel Nicolaus.

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