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Institutional investors boosted Eli Lilly shares amid strong earnings and revenue growth.
Institutional investors including Hobbs Wealth Management, Bell Asset Management, and Baltimore Washington Financial Advisors increased their stakes in Eli Lilly and Company during the second quarter, citing strong financial results with $7.02 EPS and $17.6 billion in revenue, up 53.9% year-over-year.
The stock, trading at $1,105.45, has a market cap of $1.05 trillion and a consensus "Moderate Buy" rating with a target of $1,047.50.
The company projects FY 2025 earnings of $23.00–$23.70 per share.
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Los inversores institucionales aumentaron las acciones de Eli Lilly en medio de fuertes ganancias y crecimiento de ingresos.