1 week Ago By Defense World Staff
Wells Fargo & Company MN trimmed its holdings in shares of Lemonade, Inc. (NYSE:LMND – Free Report) by 54.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 55,221 shares of the company’s stock after selling 65,607 shares during the period. Wells Fargo & Company MN owned about 0.08% of Lemonade worth $2,026,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Avior Wealth Management LLC acquired a new position in shares of Lemonade in the fourth quarter valued at $40,000. PNC Financial Services Group Inc.
grew its position in Lemonade by 116.8% during the fourth quarter. PNC Financial Services Group Inc.
now owns 1,596 shares of the company’s stock worth $59,000 after buying an additional 860 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Lemonade during the 4th quarter worth $67,000. US Bancorp DE grew its holdings in shares of Lemonade by 574.
5% during the 4th quarter. US Bancorp DE now owns 1,875 shares of the company’s stock worth $69,000 after purchasing an additional 1,597 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of Lemonade in the fourth quarter worth $80,000.
Institutional investors own 80.30% of the company’s stock. Insider ActivityIn related news, major shareholder Softbank Group Capital Ltd sold 204,575 shares of the firm’s stock in a transaction that occurred on Monday, March 24th.
The shares were sold at an average price of $37.08, for a total transaction of $7,585,641.00.
Following the completion of the sale, the insider now owns 10,494,636 shares of the company’s stock, valued at $389,141,102.88. This trade represents a 1.
91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Sheldon Peters sold 1,899 shares of the business’s stock in a transaction dated Tuesday, March 4th.
The stock was sold at an average price of $33.79, for a total value of $64,167.21.
Following the completion of the transaction, the insider now directly owns 87,609 shares of the company’s stock, valued at approximately $2,960,308.11. This trade represents a 2.
12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 248,634 shares of company stock valued at $9,219,003.
Insiders own 12.50% of the company’s stock. Lemonade Stock PerformanceShares of NYSE LMND opened at $29.
54 on Friday. Lemonade, Inc. has a fifty-two week low of $14.
03 and a fifty-two week high of $53.85. The stock has a market cap of $2.
15 billion, a PE ratio of -9.72 and a beta of 2.13.
The stock has a fifty day moving average of $31.83 and a 200-day moving average of $33.29.
Lemonade (NYSE:LMND – Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.
61) by $0.19. Lemonade had a negative net margin of 43.
51% and a negative return on equity of 32.85%. The business had revenue of $148.
80 million during the quarter, compared to analyst estimates of $144.78 million. On average, sell-side analysts predict that Lemonade, Inc.
will post -3.03 EPS for the current year. Analyst Ratings ChangesA number of equities analysts have recently commented on LMND shares.
Keefe, Bruyette & Woods lowered their price target on Lemonade from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday.
Piper Sandler reduced their price objective on Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th.
Finally, Morgan Stanley downgraded Lemonade from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $35.00 to $24.00 in a research note on Tuesday, April 8th.
Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.
17.Check Out Our Latest Stock Analysis on LMNDLemonade Profile (Free Report)Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.
See AlsoFive stocks we like better than LemonadeWhat is a Secondary Public Offering? What Investors Need to KnowShort Sellers Gave Up on These 3 Names RecentlyWhy Are Stock Sectors Important to Successful Investing?3 Boring Stocks Outperforming the Market This YearWhat is the FTSE 100 index? If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding LMND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lemonade, Inc. (NYSE:LMND – Free Report).
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