Wells Fargo & Company Cuts Hamilton Lane (NASDAQ:HLNE) Price Target to $147.00

Hamilton Lane (NASDAQ:HLNE - Get Free Report) had its target price reduced by stock analysts at Wells Fargo & Company from $152.00 to $147.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 7.14% from the company's current price.

Several other equities analysts also recently commented on the stock. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Hamilton Lane presently has an average rating of "Hold" and an average target price of $170.00.

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Hamilton Lane Stock Performance

NASDAQ:HLNE traded down $0.86 during mid-day trading on Tuesday, hitting $137.21. The stock had a trading volume of 549,751 shares, compared to its average volume of 414,416. Hamilton Lane has a 52 week low of $108.34 and a 52 week high of $203.72. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 25.32 and a beta of 1.32. The company has a 50 day simple moving average of $149.69 and a 200-day simple moving average of $163.43.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. During the same quarter in the previous year, the company posted $0.71 EPS. The business's revenue was up 34.3% compared to the same quarter last year. On average, research analysts expect that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Institutional Trading of Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of HLNE. MassMutual Private Wealth & Trust FSB raised its stake in shares of Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after buying an additional 126 shares in the last quarter. Versant Capital Management Inc bought a new position in Hamilton Lane during the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC boosted its holdings in Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after purchasing an additional 61 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after purchasing an additional 221 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Hamilton Lane in the 4th quarter worth approximately $65,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.