The information that Bloomberg.com provided indicates that the eight rating agencies that cover DaVita Inc. (NYSE: DVA) have provided the company with an average recommendation of “Hold” for the stock. The stock has been given six hold recommendations by equity research analysts, in addition to one buy recommendation, one sell recommendation, and one neutral recommendation. The price objective of $81.17 per share generated by analysts who have released research on the stock in the preceding year is the average one-year target price. This price objective was generated by analysts who have released research on the stock in the preceding year.
Several seasoned professionals in the field of equity research have recently provided their commentary on DVA stock. A recommendation was made by StockNews.com on Friday, December 9th, for readers to “buy” shares of DaVita. The report was published online. This suggestion was taken into consideration. The “buy” recommendation given to DaVita by UBS Group was changed to a “neutral” rating in a research report distributed on Monday, October 31st.
Furthermore, the company’s price target has been reduced from $117.00 to $74.00.Both of these changes were made public. On October 31st, Barclays issued a research note stating that the target price for DaVita had been reduced from $103.00 to $80.00 and that the stock had been assigned an “equal weight” rating. Additionally, the rating Barclays assigned to the stock has been changed from “overweight” to “equal weight.” In a research note published on November 1st, Deutsche Bank Aktiengesellschaft lowered its price objective for DaVita from $97.00 to $72.00 and changed the company’s rating from “buy” to “hold.” Both of these actions were taken about the company’s stock. The recommendation that investors purchase shares of DaVita was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research report published on November 1st.
In related news, on November 1st, Director John M. Nehra bought 5,000 shares of DaVita stock. This information is relevant to the discussion because it relates to the topic. When everything was said and done, the stock’s price, which had been acquired at an average price of $71.14 per share, amounted to a total of $355,700.00. The director is now the direct owner of 15,000 business shares, which have a total value of approximately $1,067,100 due to the transaction that just took place. When you follow this link, you will be taken to the SEC filing that contains more information about the acquisition. The total number of shares owned by corporate insiders is 1.00% of the total shares in the company.
Over the past few months, a number of hedge funds have increased the percentage of their holdings that are invested in the company. During the second quarter, Quent Capital LLC achieved a 7.5% increase in the proportion of DaVita stock it owned. Quent Capital LLC now holds 1,674 shares in the company, having added 117 more during the most recent period to bring their total number of shares owned to 1,674. The price per share for these shares is also $134,000, making the total value of these shares equal to $134,000. During the second quarter, Exchange Traded Concepts LLC achieved a 2.3% increase in the proportion of DaVita stock it owned. Exchange Traded Concepts LLC increased its interest in shares of the company by 124 over the most recent quarter, bringing the total value of its holdings to 5,505 shares, which is equal to $440,000. During this same period, the company also issued 124 new shares. During the second fiscal quarter of the company, Brinker Capital Investments LLC was able to finish the process of increasing its shareholding by 0.6%,