Checking in on LPL Financial Holdings Inc. (LPLA) after recent insiders movement

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LPL Financial Holdings Inc.’s recent filing unveils that its Chief Financial Officer Audette Matthew J unloaded Company’s shares for reported $5.14 million on Oct 31. In the deal valued at $257.09 per share,20,000 shares were sold. As a result of this transaction, Audette Matthew J now holds 12,667 shares worth roughly $ 3.38 million.

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Then, Arnold Dan H. sold 20,000 shares, generating $4,805,400 in total proceeds. Upon selling the shares at $240.27, the President & CEO now owns 157,823 shares.

Before that, Arnold Dan H. sold 11,391 shares. LPL Financial Holdings Inc. shares valued at $2,627,068 were divested by the President & CEO at a price of $230.63 per share. As a result of the transaction, Arnold Dan H. now holds 162,608 shares, worth roughly $43.4 million.

Credit Suisse upgraded its LPL Financial Holdings Inc. [LPLA] rating to an Outperform from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of 15.26 to its Friday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Citigroup began covering LPLA with “Buy” recommendation on October 12, 2022. JMP Securities revised its rating on April 07, 2022. It rated LPLA as “a Mkt outperform” which previously was an “a Mkt perform”.

Price Performance Review of LPLA

On Friday, LPL Financial Holdings Inc. [NASDAQ:LPLA] saw its stock jump 1.46% to $266.93. On the same session, the stock had its day’s lowest price of $262.20, but rose to a high of $268.01. Over the last five days, the stock has gained 2.59%. LPL Financial Holdings Inc. shares have risen nearly 66.74% since the year began. Nevertheless, the stocks have risen 56.87% over the past one year. While a 52-week high of $266.34 was reached on 11/04/22, a 52-week low of $140.65 was recorded on 03/08/22. SMA at 50 days reached $235.62, while 200 days put it at $200.46. A total of 1.1 million shares were traded, compared to the trading of 1.21 million shares in the previous session.

Levels Of Support And Resistance For LPLA Stock

The 24-hour chart illustrates a support level at 263.42, which if violated will result in even more drops to 259.90. On the upside, there is a resistance level at 269.23. A further resistance level may holdings at 271.52. The Relative Strength Index (RSI) on the 14-day chart is 70.58, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.03%. Stochastics %K at 90.37% indicates the stock is a selling.

How much short interest is there in LPL Financial Holdings Inc.?

A steep rise in short interest was recorded in LPL Financial Holdings Inc. stocks on Jul 14, 2022, dropping by -0.18 million shares to a total of 2.44 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.62 million shares. There was a decline of -7.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.75.

LPL Financial Holdings Inc. [LPLA] – Who Are The Largest Shareholders?

In filings from Janus Henderson Investors US LLC, it is revealed that the company now owns 7,142,534 shares, or roughly 8.95% of the outstanding LPLA shares. In other words, the investor’s shares have fallen by -608,512 from its previous 13-F filing of 7751046.0. Additionally, The Vanguard Group, Inc. increased 0.06% of its stake after which the total value it holdings stand at $1,508,987,614, while BlackRock Fund Advisors added 7.49% of its stake to hold $738.16 million in the firm. Over the last quarter, Wellington Management Co. LLP sold -458,632 shares of LPL Financial Holdings Inc., while Kayne Anderson Rudnick Investment sold 14,585 shares. At present, WCM Investment Management LLC is holding 2,394,492 shares valued at $523.15 million. Lone Pine Capital LLC owned 2,289,151 shares of the company at the time of its most recent 13F filing, worth $500.13 million.

The most recent change occurred on December 16, 2021 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $184 price target.


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