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Resona Asset Management bought $192 million worth of Eli Lilly shares, despite the company missing earnings expectations.
Resona Asset Management has bought 248,756 shares of Eli Lilly, valued at $192 million, making it their 12th largest holding.
Eli Lilly reported a quarterly earnings per share of $5.32, falling short of analysts' expectations of $5.45.
The company's market cap is $699 billion, with a P/E ratio of 62.99.
Shares opened at $737.56, with a 52-week range of $711.40 to $972.53.
CAO Donald A. Zakrowski sold 1,000 shares, reducing his ownership by 14.62%.
Institutional investors own 82.53% of Eli Lilly's shares.
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Resona Asset Management compró $192 millones de acciones de Eli Lilly, a pesar de que la compañía perdió las expectativas de ganancias.