North Tide Capital Cut Its Gilead Sciences (GILD) Position as Share Value Declined; Dock Street Asset Management Has Lowered Apple (AAPL) Position as Stock Price Rose

January 13, 2018 - By Hazel Jackson

Dock Street Asset Management Inc decreased its stake in Apple (AAPL) by 3.02% based on its latest 2017Q3 regulatory filing with the SEC. Dock Street Asset Management Inc sold 6,631 shares as the company’s stock rose 12.78% with the market. The institutional investor held 212,592 shares of the computer manufacturing company at the end of 2017Q3, valued at $32.77 million, down from 219,223 at the end of the previous reported quarter. Dock Street Asset Management Inc who had been investing in Apple for a number of months, seems to be less bullish one the $900.87 billion market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 13, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Conan Laughlin decreased its stake in Gilead Sciences Inc (GILD) by 50% based on its latest 2017Q3 regulatory filing with the SEC. North Tide Capital Llc sold 500,000 shares as the company’s stock declined 8.05% while stock markets rallied. The hedge fund run by Conan Laughlin held 500,000 shares of the health care company at the end of 2017Q3, valued at $40.51M, down from 1.00 million at the end of the previous reported quarter. North Tide Capital Llc who had been investing in Gilead Sciences Inc for a number of months, seems to be less bullish one the $103.22B market cap company. The stock decreased 0.05% or $0.04 during the last trading session, reaching $79.02. About 6.37M shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since January 13, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Since August 1, 2017, it had 0 insider buys, and 11 selling transactions for $41.13 million activity. On Thursday, August 31 the insider MARTIN JOHN C sold $6.09 million. The insider Meyers James R sold $4.99 million. $4.40 million worth of Gilead Sciences, Inc. (NASDAQ:GILD) was sold by Washington Robin L.

Analysts await Gilead Sciences, Inc. (NASDAQ:GILD) to report earnings on February, 6. They expect $1.67 EPS, down 36.74% or $0.97 from last year’s $2.64 per share. GILD’s profit will be $2.18 billion for 11.83 P/E if the $1.67 EPS becomes a reality. After $2.23 actual EPS reported by Gilead Sciences, Inc. for the previous quarter, Wall Street now forecasts -25.11% negative EPS growth.

North Tide Capital Llc, which manages about $2.06B and $468.88 million US Long portfolio, upped its stake in Tenet Healthcare Corp (NYSE:THC) by 534,200 shares to 1.53M shares, valued at $25.21 million in 2017Q3, according to the filing.

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 18 have Buy rating, 0 Sell and 12 Hold. Therefore 60% are positive. Gilead Sciences had 111 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Gilead Sciences, Inc. (NASDAQ:GILD) earned “Buy” rating by William Blair on Wednesday, June 14. Jefferies upgraded the shares of GILD in report on Tuesday, September 6 to “Buy” rating. The firm has “Buy” rating by Needham given on Wednesday, July 29. Credit Suisse downgraded the stock to “Neutral” rating in Wednesday, December 20 report. The stock of Gilead Sciences, Inc. (NASDAQ:GILD) has “Buy” rating given on Wednesday, July 29 by Maxim Group. The stock of Gilead Sciences, Inc. (NASDAQ:GILD) has “Outperform” rating given on Wednesday, July 29 by Oppenheimer. Jefferies maintained the shares of GILD in report on Tuesday, March 15 with “Hold” rating. Vetr upgraded it to “Buy” rating and $129.16 target in Monday, August 17 report. The stock has “Neutral” rating by Citigroup on Wednesday, February 8. The firm earned “Outperform” rating on Wednesday, November 2 by BMO Capital Markets.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.10, from 0.93 in 2017Q2. It improved, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Thompson Davis Communications reported 475 shares or 0.07% of all its holdings. Healthinvest has invested 7.25% in Gilead Sciences, Inc. (NASDAQ:GILD). Private Trust Na invested 0.07% in Gilead Sciences, Inc. (NASDAQ:GILD). Bradley Foster & Sargent Ct reported 64,349 shares stake. Sva Plumb Wealth Ltd Co accumulated 2,720 shares or 0.03% of the stock. The California-based Blume Cap Management Inc has invested 0.2% in Gilead Sciences, Inc. (NASDAQ:GILD). Steinberg Asset Mgmt holds 0.13% or 10,617 shares. Cabot stated it has 142,990 shares. Natl Mutual Insurance Federation Of Agricultural Cooperatives owns 0.04% invested in Gilead Sciences, Inc. (NASDAQ:GILD) for 24,500 shares. 6,787 are held by Northside Cap Mngmt Limited Liability Company. Mutual Of Omaha National Bank Wealth holds 0.3% or 10,153 shares. Webster Financial Bank N A holds 1,403 shares or 0.02% of its portfolio. Wafra Advisory Group Inc has invested 0.44% in Gilead Sciences, Inc. (NASDAQ:GILD). Horizon Kinetics Limited Liability Corp stated it has 0.02% in Gilead Sciences, Inc. (NASDAQ:GILD). Interest Sarl invested in 41,850 shares or 0.28% of the stock.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Ipg Invest Advisors Llc has 137,390 shares for 7.29% of their portfolio. First Bancorp Of Mount Dora Trust Invest Services owns 34,987 shares. Schwab Charles Mgmt Inc owns 18.69 million shares. Bsw Wealth Prns reported 12,108 shares or 0.81% of all its holdings. The Texas-based Holt Advisors Ltd Llc Dba Holt Partners Ltd Partnership has invested 1.59% in Apple Inc. (NASDAQ:AAPL). Oppenheimer & Com has 533,683 shares for 2.2% of their portfolio. Glenview Cap Mgmt Ltd Liability Corporation owns 2.49 million shares for 2.23% of their portfolio. First Hawaiian Savings Bank invested 0.12% in Apple Inc. (NASDAQ:AAPL). Chilton Investment Ltd invested in 0.04% or 6,860 shares. Mogy Joel R Inv Counsel Inc owns 228,944 shares. Pinnacle Assocs holds 451,630 shares. Zacks invested in 0.81% or 223,132 shares. Cutler Cap Mngmt Ltd, Massachusetts-based fund reported 17,866 shares. Halbert Hargrove Russell Ltd Limited Liability Company holds 0.67% or 15,740 shares in its portfolio. Haverford Svcs reported 4.55% in Apple Inc. (NASDAQ:AAPL).

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08B for 11.81 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Since August 7, 2017, it had 0 buys, and 12 sales for $93.68 million activity. $43.15 million worth of Apple Inc. (NASDAQ:AAPL) was sold by COOK TIMOTHY D. On Wednesday, August 16 Srouji Johny sold $1.70 million worth of Apple Inc. (NASDAQ:AAPL) or 10,469 shares. FEDERIGHI CRAIG sold $9.98 million worth of stock. KONDO CHRIS sold 6,209 shares worth $1.01M. $5.52 million worth of Apple Inc. (NASDAQ:AAPL) was sold by LEVINSON ARTHUR D. SEWELL D BRUCE had sold 31,625 shares worth $5.00M on Monday, August 7.

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