China Universal Asset Management Co. Ltd. Sells 1,211 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

China Universal Asset Management Co. Ltd. lowered its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 50.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,206 shares of the restaurant operator's stock after selling 1,211 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Domino's Pizza were worth $506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc bought a new position in shares of Domino's Pizza during the third quarter valued at about $549,399,000. International Assets Investment Management LLC increased its stake in Domino's Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator's stock valued at $225,303,000 after buying an additional 522,490 shares during the last quarter. FMR LLC lifted its position in shares of Domino's Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock worth $941,936,000 after buying an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Domino's Pizza in the 3rd quarter worth approximately $99,352,000. Finally, Jennison Associates LLC grew its holdings in shares of Domino's Pizza by 75.3% in the third quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator's stock valued at $92,253,000 after acquiring an additional 92,137 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares of the company's stock, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on DPZ. Stephens dropped their price target on Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating on the stock in a report on Friday, October 11th. Wedbush reissued an "outperform" rating and issued a $470.00 price target on shares of Domino's Pizza in a report on Friday, October 11th. Citigroup reduced their price target on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. Royal Bank of Canada dropped their target price on shares of Domino's Pizza from $500.00 to $490.00 and set an "outperform" rating on the stock in a research note on Friday, October 11th. Finally, Loop Capital raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and increased their target price for the company from $419.00 to $559.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $502.33.

Domino's Pizza Price Performance

NASDAQ DPZ traded up $15.81 on Thursday, reaching $470.56. 464,785 shares of the company's stock traded hands, compared to its average volume of 585,774. The stock has a market cap of $16.25 billion, a PE ratio of 28.90, a P/E/G ratio of 2.35 and a beta of 0.90. Domino's Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The stock has a 50-day simple moving average of $438.48 and a 200 day simple moving average of $431.22.

Domino's Pizza Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.