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Eli Lilly's stock surges 15% this year despite reduced holdings by major investors, fueled by strong drug demand.
Eli Lilly and Company's stock has seen significant activity from various investors, with firms like Rehmann Capital Advisory Group, Emerald Mutual Fund Advisers Trust, and Becker Capital Management reducing their holdings in the fourth quarter.
Despite a slight earnings miss, the company's stock price has surged 15% this year, driven by high demand for its diabetes and weight-loss drugs.
Eli Lilly's market cap stands at $839.64 billion, with a P/E ratio of 75.62.
The company is also developing a daily weight loss pill, orforglipron, with promising trial results.
With an average analyst price target of $1,000.32, Eli Lilly's stock remains a "Moderate Buy."