Checchi Capital Advisers LLC bought a new position in Edwards Lifesciences Corporation (NYSE:EW) during the second quarter, Holdings Channel reports. The firm bought 1,863 shares of the medical research company’s stock, valued at approximately $220,000.
Several other large investors have also added to or reduced their stakes in EW. YorkBridge Wealth Partners LLC acquired a new stake in Edwards Lifesciences Corporation during the first quarter worth about $110,000. NEXT Financial Group Inc raised its stake in Edwards Lifesciences Corporation by 91.7% in the first quarter. NEXT Financial Group Inc now owns 1,045 shares of the medical research company’s stock worth $115,000 after buying an additional 500 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Edwards Lifesciences Corporation during the second quarter worth about $126,000. Cornerstone Advisors Inc. raised its stake in Edwards Lifesciences Corporation by 25.1% in the second quarter. Cornerstone Advisors Inc. now owns 1,092 shares of the medical research company’s stock worth $129,000 after buying an additional 219 shares during the last quarter. Finally, Alexandria Capital LLC raised its stake in Edwards Lifesciences Corporation by 1.7% in the second quarter. Alexandria Capital LLC now owns 1,146 shares of the medical research company’s stock worth $136,000 after buying an additional 19 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.
Shares of Edwards Lifesciences Corporation (NYSE EW) opened at 113.57 on Friday. The stock’s 50 day moving average is $116.54 and its 200 day moving average is $105.90. Edwards Lifesciences Corporation has a 12 month low of $81.12 and a 12 month high of $121.75. The firm has a market cap of $23.98 billion, a PE ratio of 34.45 and a beta of 0.63.
Edwards Lifesciences Corporation (NYSE:EW) last released its quarterly earnings results on Wednesday, July 26th. The medical research company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.88 by $0.20. The firm had revenue of $842 million for the quarter, compared to analyst estimates of $839.16 million. Edwards Lifesciences Corporation had a return on equity of 27.17% and a net margin of 22.16%. Edwards Lifesciences Corporation’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. On average, analysts anticipate that Edwards Lifesciences Corporation will post $3.78 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Edwards Lifesciences Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $150.00 target price on shares of Edwards Lifesciences Corporation in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Edwards Lifesciences Corporation from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Thursday, June 1st. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Edwards Lifesciences Corporation in a research report on Tuesday, May 16th. They set a “conviction-buy” rating and a $138.00 price target on the stock. Finally, Cowen and Company reissued an “outperform” rating and set a $135.00 price target (up previously from $130.00) on shares of Edwards Lifesciences Corporation in a research report on Thursday, July 27th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $121.13.
In related news, CEO Michael A. Mussallem sold 32,900 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $115.99, for a total transaction of $3,816,071.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Donald E. Bobo, Jr. sold 5,300 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $114.68, for a total value of $607,804.00. The disclosure for this sale can be found here. Insiders have sold a total of 149,281 shares of company stock worth $17,331,446 over the last three months. 2.13% of the stock is currently owned by corporate insiders.
About Edwards Lifesciences Corporation
Edwards Lifesciences Corporation is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company is engaged in patient-focused innovations for structural heart disease and critical care monitoring. Its segments include United States, Europe, Japan and Rest of World.
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