Investing in DaVita Inc. [DVA]: What You Must Know


DaVita Inc.’s recently made public that its Director NEHRA JOHN M acquired Company’s shares for reported $0.36 million on Nov 01. In the deal valued at $71.14 per share,5,000 shares were bought. As a result of this transaction, NEHRA JOHN M now holds 15,000 shares worth roughly $ 1.23 million.

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Then, STAFFIERI MICHAEL DAVID bought 20,000 shares, generating $1,554,000 in total proceeds. Upon buying the shares at $77.70, the Chief Operating Officer, DKC now owns 61,190 shares.

Before that, DESOER BARBARA J sold 2,320 shares. DaVita Inc. shares valued at $226,010 were divested by the Director at a price of $97.42 per share. As a result of the transaction, DESOER BARBARA J now holds 0 shares, worth roughly $0.0.

Deutsche Bank downgraded its DaVita Inc. [DVA] rating to a Hold from a a Buy in a research note published on Friday, November 01, 2022; the price target was decreased to $72 from $97. PT values the company’s stock at a premium of -14.32 to its Friday closing price. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. BofA Securities maintained its rating on June 21, 2022. It rated DVA as “an Underperform”.

Price Performance Review of DVA

On Friday, DaVita Inc. [NYSE:DVA] saw its stock fall -0.68% to $82.31. On the same session, the stock had its day’s lowest price of $80.28, but rose to a high of $82.80. Over the last five days, the stock has lost -1.33%. DaVita Inc. shares have risen nearly 10.23% since the year began. Nevertheless, the stocks have fallen -26.86% over the past one year. While a 52-week high of $124.81 was reached on 02/02/23, a 52-week low of $65.28 was recorded on 01/03/23. SMA at 50 days reached $79.29, while 200 days put it at $84.12. A total of 0.75 million shares were traded, compared to the trading of 1.76 million shares in the previous session.

Levels Of Support And Resistance For DVA Stock

The 24-hour chart illustrates a support level at 80.79, which if violated will result in even more drops to 79.28. On the upside, there is a resistance level at 83.31. A further resistance level may holdings at 84.32. The Relative Strength Index (RSI) on the 14-day chart is 50.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.66%. Stochastics %K at 51.89% indicates the stock is a holding.

How much short interest is there in DaVita Inc.?

A steep rise in short interest was recorded in DaVita Inc. stocks on Jan 30, 2023, growing by 0.14 million shares to a total of 2.72 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.58 million shares. There was a rise of 5.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.07% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.53.

DaVita Inc. [DVA] – Who Are The Largest Shareholders?

In filings from Berkshire Hathaway, Inc., it is revealed that the company now owns 36,095,570 shares, or roughly 40.06% of the outstanding DVA shares. Additionally, The Vanguard Group, Inc. decreased -0.56% of its stake after which the total value it holdings stand at $488,850,766, while BlackRock Fund Advisors reduced -8.81% of its stake to hold $265.83 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -2,597 shares of DaVita Inc., while LSV Asset Management sold -175,000 shares. At present, Invesco Capital Management LLC is holding 1,626,906 shares valued at $134.04 million. Norges Bank Investment Management owned 1,558,491 shares of the company at the time of its most recent 13F filing, worth $128.4 million.

According to FactSet, DaVita Inc.’s share price will average $85.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 3.78 percent from its previous closing price of $82.87. Analysts expect DaVita Inc. stock to reach the higher price of $90.00, while the lowest price estimate is $74.00. However, 7 analysts have rated DVA stock as a Hold in their predictions for 2023. The most recent change occurred on September 10, 2021 when Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $145 price target.


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