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Eli Lilly's stock drops as major investor reduces holdings, despite moderate buy rating.
Eli Lilly and Company's stock saw a 26.4% reduction in holdings by Twin Focus Capital Partners during the fourth quarter, with the firm now owning 418 shares valued at $323,000.
The company reported earnings per share (EPS) of $5.32 for the quarter, slightly below analysts' estimates of $5.45.
Analysts predict EPS of 23.48 for the current year, with a "Moderate Buy" consensus rating and a target price of $1,012.00.
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Las acciones de Eli Lilly caen a medida que los principales inversores reducen las tenencias, a pesar de la calificación de compra moderada.