Doheny Asset Management CA decreased its position in shares of Roche Holding Ltd. (NASDAQ:RHHBY) by 2.5% during the first quarter, Holdings Channel reports. The fund owned 7,000 shares of the company’s stock after selling 176 shares during the period. Doheny Asset Management CA’s holdings in Roche Holding were worth $224,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mairs & Power INC raised its stake 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 during the period. Parametric Portfolio Associates LLC boosted its position in shares of Roche Holding by 20.4% in the first quarter. Parametric Portfolio Associates LLC now owns 3,251,825 shares of the company’s stock worth $104,156,000 after buying an additional 550,838 shares during the period. Moody Lynn & Lieberson LLC bought a new position in shares of Roche Holding during the first quarter worth about $11,158,000. Fisher Asset Management LLC boosted its position in shares of Roche Holding by 1.1% in the first quarter. Fisher Asset Management LLC now owns 15,104,940 shares of the company’s stock worth $482,523,000 after buying an additional 158,482 shares during the period. Finally, Oxbow Advisors LLC bought a new position in shares of Roche Holding during the first quarter worth about $4,653,000.
Roche Holding Ltd. (NASDAQ:RHHBY) traded up 1.464% on Friday, hitting $34.295. The company’s stock had a trading volume of 359,738 shares. Roche Holding Ltd. has a 12 month low of $25.25 and a 12 month high of $36.82. The firm has a 50 day moving average of $32.77 and a 200-day moving average of $30.43. The stock has a market cap of $233.74 billion and a PE ratio of 24.481.
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A number of brokerages have issued reports on RHHBY. Zacks Investment Research cut Roche Holding from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 9th. HSBC Holdings plc cut Roche Holding from a “hold” rating to a “reduce” rating in a research note on Friday, April 7th. Cowen and Company upgraded Roche Holding from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $25.25 to $33.37 in a research note on Wednesday, April 5th. Liberum Capital began coverage on Roche Holding in a research note on Thursday, March 9th. They issued a “hold” rating on the stock. Finally, Barclays PLC began coverage on Roche Holding in a research note on Tuesday, March 7th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Roche Holding presently has an average rating of “Buy” and a consensus target price 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.
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