E Fund Management Co. Ltd. lifted its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) by 50.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,526 shares of the company's stock after purchasing an additional 3,545 shares during the quarter. E Fund Management Co. Ltd.'s holdings in GE HealthCare Technologies were worth $823,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of GEHC. LGT Financial Advisors LLC raised its stake in shares of GE HealthCare Technologies by 1,673.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after acquiring an additional 251 shares during the period. Capital Performance Advisors LLP acquired a new stake in GE HealthCare Technologies in the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in GE HealthCare Technologies in the third quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new position in GE HealthCare Technologies during the third quarter worth $31,000. Finally, Continuum Advisory LLC boosted its position in shares of GE HealthCare Technologies by 101.8% during the third quarter. Continuum Advisory LLC now owns 333 shares of the company's stock worth $31,000 after buying an additional 168 shares during the period. 82.06% of the stock is currently owned by institutional investors and hedge funds.
GE HealthCare Technologies Stock Performance
Shares of GEHC stock traded up $0.10 during mid-day trading on Monday, hitting $86.68. 753,503 shares of the stock were exchanged, compared to its average volume of 2,931,689. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 1.04. The stock has a market capitalization of $39.64 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 3.19 and a beta of 1.13. The stock's fifty day simple moving average is $86.77 and its two-hundred day simple moving average is $86.16. GE HealthCare Technologies Inc. has a 12-month low of $74.51 and a 12-month high of $94.80.
GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.19. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.33 billion. GE HealthCare Technologies had a return on equity of 25.74% and a net margin of 10.13%. On average, analysts forecast that GE HealthCare Technologies Inc. will post 4.68 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have commented on GEHC. Wells Fargo & Company boosted their price target on shares of GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Citigroup lifted their price objective on GE HealthCare Technologies from $103.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group upgraded shares of GE HealthCare Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $95.00 to $103.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $97.67.
Check Out Our Latest Analysis on GE HealthCare Technologies
GE HealthCare Technologies Profile
(
Free Report)
GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.
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