Geode Capital Management LLC Invests $8.28 Million in Guardant Health Inc (GH)

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Geode Capital Management LLC bought a new position in shares of Guardant Health Inc (NASDAQ:GH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 220,229 shares of the company’s stock, valued at approximately $8,278,000. Geode Capital Management LLC owned approximately 0.26% of Guardant Health at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new position in Guardant Health during the fourth quarter worth about $26,000. Citigroup Inc. purchased a new position in Guardant Health during the fourth quarter worth about $94,000. Victory Capital Management Inc. purchased a new position in Guardant Health during the fourth quarter worth about $124,000. Pendal Group Ltd purchased a new position in Guardant Health during the fourth quarter worth about $213,000. Finally, Janney Montgomery Scott LLC purchased a new position in Guardant Health during the fourth quarter worth about $220,000. 69.45% of the stock is owned by institutional investors.

Several research firms recently weighed in on GH. Zacks Investment Research cut shares of Guardant Health from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Cowen boosted their price target on shares of Guardant Health from $40.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Bank of America upgraded shares of Guardant Health from a “neutral” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of Guardant Health from $42.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Finally, William Blair reiterated an “outperform” rating on shares of Guardant Health in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Guardant Health presently has a consensus rating of “Buy” and an average price target of $79.67.

GH opened at $74.02 on Tuesday. The stock has a market capitalization of $6.66 billion and a price-to-earnings ratio of -26.44. Guardant Health Inc has a twelve month low of $27.04 and a twelve month high of $106.58.

Guardant Health (NASDAQ:GH) last released its earnings results on Tuesday, March 12th. The company reported ($0.30) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.05. The company had revenue of $32.87 million during the quarter, compared to analysts’ expectations of $24.57 million. As a group, equities research analysts anticipate that Guardant Health Inc will post -1.5 EPS for the current year.

In related news, major shareholder Vision Fund (Aiv M1) Softbank bought 2,033,990 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of $9.83 per share, for a total transaction of $19,994,121.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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About Guardant Health

Guardant Health, Inc, a precision oncology company, provides blood tests, data sets, and analytics in the United States and internationally. The company offers liquid biopsy tests for advanced stage cancer, such as Guardant360, a molecular diagnostic test that measures various cancer-related genes; and GuardantOMNI, a broader gene panel, including genes associated with homologous recombination repair deficiency and biomarkers for immuno-oncology applications.

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Institutional Ownership by Quarter for Guardant Health (NASDAQ:GH)

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