Roche Holding Ltd. (RHHBY) Shares Sold by Motco

Motco lowered its position in shares of Roche Holding Ltd. (NASDAQ:RHHBY) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 116,580 shares of the company’s stock after selling 1,055 shares during the period. Motco’s holdings in Roche Holding were worth $3,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mairs & Power INC increased its position in shares of Roche Holding by 15.9% in the third quarter. Mairs & Power INC now owns 4,644,431 shares of the company’s stock worth $143,838,000 after buying an additional 638,829 shares in the last quarter. Osher Van de Voorde Investment Management increased its position in shares of Roche Holding by 2.7% in the third quarter. Osher Van de Voorde Investment Management now owns 257,594 shares of the company’s stock worth $7,978,000 after buying an additional 6,725 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Roche Holding by 229.9% in the third quarter. PNC Financial Services Group Inc. now owns 46,584 shares of the company’s stock worth $1,448,000 after buying an additional 32,465 shares in the last quarter. Abner Herrman & Brock LLC increased its position in shares of Roche Holding by 32.7% in the third quarter. Abner Herrman & Brock LLC now owns 10,841 shares of the company’s stock worth $337,000 after buying an additional 2,673 shares in the last quarter. Finally, Hikari Power Ltd increased its position in shares of Roche Holding by 23.8% in the third quarter. Hikari Power Ltd now owns 234,500 shares of the company’s stock worth $7,262,000 after buying an additional 45,100 shares in the last quarter.

Institutional Ownership by Quarter for Roche Holding (NASDAQ:RHHBY)

Shares of Roche Holding Ltd. (NASDAQ:RHHBY) traded down 0.59% on Friday, reaching $31.56. The company’s stock had a trading volume of 1,203,517 shares. Roche Holding Ltd. has a 52-week low of $25.25 and a 52-week high of $33.77. The company has a market cap of $215.10 billion and a P/E ratio of 22.80. The company has a 50 day moving average price of $31.97 and a 200 day moving average price of $29.88.

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A number of brokerages have recently weighed in on RHHBY. Barclays PLC began coverage on Roche Holding in a report on Tuesday, March 7th. They set an “overweight” rating on the stock. Zacks Investment Research upgraded Roche Holding from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, March 28th. Cowen and Company upgraded Roche Holding from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $25.25 to $33.37 in a report on Wednesday, April 5th. HSBC Holdings plc downgraded Roche Holding from a “hold” rating to a “reduce” rating in a report on Friday, April 7th. Finally, Liberum Capital began coverage on Roche Holding in a report on Thursday, March 9th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $34.69.

About Roche Holding

Roche Holding AG (Roche) is a research-based healthcare company. The Company’s operating businesses are organized into two divisions: Pharmaceuticals and Diagnostics. The Pharmaceuticals Division consists of two business segments: Roche Pharmaceuticals and Chugai. The Diagnostics Division consists of four business areas: Diabetes Care, Molecular Diagnostics, Professional Diagnostics and Tissue Diagnostics.

5 Day Chart for NASDAQ:RHHBY

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