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Ilmarinen Mutual Pension Insurance Co boosts Gilead Sciences holdings by nearly 60%, worth $16.07M, as the company beats earnings estimates.
Ilmarinen Mutual Pension Insurance Co increased its holdings in Gilead Sciences, Inc. by 59.6%, now owning 174,000 shares worth $16.07 million.
Gilead Sciences reported earnings of $1.90 per share, beating estimates by $0.23.
The biopharmaceutical company specializes in developing medicines for HIV/AIDS, COVID-19, and viral hepatitis.
Institutional investors have mixed positions, with some increasing and others decreasing their holdings.
Gilead Sciences has a market cap of $133.54 billion and a "Moderate Buy" rating with a $105.12 price target.
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Ilmarinen Mutual Pension Insurance Co aumenta las participaciones en Gilead Sciences en casi un 60%, por un valor de $16,07 millones, ya que la compañía supera las estimaciones de ingresos.