Platinum Investment Management LTD Position in Gilead Sciences (GILD) Has Upped by $818,100; As Discover Financial Services (DFS) Share Value Declined, Quadrant Capital Management Cut Its Stake by $1.74 Million

February 21, 2018 - By Louis Casey

Kerr Neilson increased its stake in Gilead Sciences Inc (GILD) by 0.35% based on its latest 2017Q3 regulatory filing with the SEC. Platinum Investment Management Ltd bought 10,100 shares as the company’s stock declined 8.05% while stock markets rallied. The hedge fund run by Kerr Neilson held 2.90 million shares of the health care company at the end of 2017Q3, valued at $234.93M, up from 2.89M at the end of the previous reported quarter. Platinum Investment Management Ltd who had been investing in Gilead Sciences Inc for a number of months, seems to be bullish on the $105.12B market cap company. The stock decreased 0.58% or $0.47 during the last trading session, reaching $80.47. About 1.24M shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since February 21, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Quadrant Capital Management Llc decreased its stake in Discover Financial Services (DFS) by 81.11% based on its latest 2017Q3 regulatory filing with the SEC. Quadrant Capital Management Llc sold 27,115 shares as the company’s stock declined 15.69% while stock markets rallied. The institutional investor held 6,315 shares of the consumer services company at the end of 2017Q3, valued at $407,000, down from 33,430 at the end of the previous reported quarter. Quadrant Capital Management Llc who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $29.13B market cap company. The stock increased 1.10% or $0.87 during the last trading session, reaching $80.15. About 501,701 shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since February 21, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on April, 24. They expect $1.83 EPS, up 27.97% or $0.40 from last year’s $1.43 per share. DFS’s profit will be $664.99M for 10.95 P/E if the $1.83 EPS becomes a reality. After $1.55 actual EPS reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 18.06% EPS growth.

Among 32 analysts covering Discover Financial Services (NYSE:DFS), 22 have Buy rating, 1 Sell and 9 Hold. Therefore 69% are positive. Discover Financial Services had 90 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Discover Financial Services (NYSE:DFS) has “Outperform” rating given on Tuesday, October 6 by Oppenheimer. The stock of Discover Financial Services (NYSE:DFS) has “Hold” rating given on Wednesday, October 25 by Compass Point. Wells Fargo maintained the shares of DFS in report on Tuesday, January 9 with “Hold” rating. On Thursday, February 18 the stock rating was maintained by Deutsche Bank with “Hold”. On Friday, February 2 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Outperform” rating given on Monday, October 5 by Bernstein. The rating was initiated by Wedbush on Tuesday, October 11 with “Neutral”. The company was maintained on Wednesday, October 25 by Nomura. The stock of Discover Financial Services (NYSE:DFS) earned “In-Line” rating by Evercore on Thursday, January 25. On Thursday, December 15 the stock rating was upgraded by Bank of America to “Buy”.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It dived, as 71 investors sold DFS shares while 261 reduced holdings. 58 funds opened positions while 197 raised stakes. 301.28 million shares or 2.91% less from 310.30 million shares in 2017Q2 were reported. State Board Of Administration Of Florida Retirement Sys invested in 0.1% or 588,871 shares. Deroy And Devereaux Private Counsel holds 1.71% or 235,671 shares. Univest Of Pennsylvania accumulated 59,972 shares or 1.63% of the stock. State Of Alaska Department Of Revenue has invested 0.06% in Discover Financial Services (NYSE:DFS). Alps holds 9,275 shares. Duncker Streett And Co Inc owns 0.3% invested in Discover Financial Services (NYSE:DFS) for 15,354 shares. Cumberland Partners holds 3.02% or 347,275 shares in its portfolio. Adirondack has 508 shares for 0.03% of their portfolio. Markston Intl Limited Liability Co holds 0.4% or 61,025 shares. Tudor Corp Et Al owns 0.04% invested in Discover Financial Services (NYSE:DFS) for 25,579 shares. Burney reported 427,427 shares. Liberty Cap Mngmt Incorporated holds 1,000 shares. Intrust Fincl Bank Na reported 0.41% of its portfolio in Discover Financial Services (NYSE:DFS). 3,317 were accumulated by Pax World Mgmt Lc. Jefferies Gru Limited Liability Company reported 0.02% stake.

Since August 30, 2017, it had 0 insider buys, and 14 insider sales for $55.76 million activity. On Thursday, August 31 the insider Meyers James R sold $4.99M. MARTIN JOHN C sold 50,000 shares worth $4.18 million. On Thursday, September 7 the insider Washington Robin L sold $4.40 million. On Friday, February 9 WILSON GAYLE E sold $4.68M worth of Gilead Sciences, Inc. (NASDAQ:GILD) or 60,000 shares.

Platinum Investment Management Ltd, which manages about $22.00B and $3.96B US Long portfolio, decreased its stake in Weibo Corp (NASDAQ:WB) by 78,327 shares to 328,026 shares, valued at $32.45 million in 2017Q3, according to the filing. It also reduced its holding in 58 Com Inc (NYSE:WUBA) by 611,060 shares in the quarter, leaving it with 3.82 million shares, and cut its stake in Bitauto Hlds Ltd (NYSE:BITA).

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