The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. DaVita Inc. shares valued at $355,675 were purchased by NEHRA JOHN M on Nov 01. At $71.14 per share, NEHRA JOHN M acquired 5,000 shares. The insider’s holdings grew to 15,000 shares worth approximately $1.23 million following the completion of this transaction.
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Also, STAFFIERI MICHAEL DAVID purchased 20,000 shares, netting a total of over 1,554,000 in proceeds. Following the buying of shares at $77.70 each, the insider now holds 61,190 shares.
Before that, DESOER BARBARA J had sold 2,320 shares from its account. In a trade valued at $226,010, the Director traded DaVita Inc. shares for $97.42 each. Upon closing the transaction, the insider’s holdings decreased to 2,320 shares, worth approximately $0.0.
As published in a research note from Deutsche Bank on November 01, 2022, DaVita Inc. [DVA] has been rated down from a Buy to a Hold and the price target has been revised to $72 from $97. This represents a -14.35% premium over Wednesday’s closing price. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. Earlier on June 21, 2022, BofA Securities resumed its rating. Their recommendation was “an Underperform” for DVA stock.
Analyzing DVA Stock Performance
On Wednesday, DaVita Inc. [NYSE: DVA] rose 0.09% to $82.33. The stock’s lowest price that day was $80.86, but it reached a high of $82.44 in the same session. During the last five days, there has been a drop of approximately -3.56%. Over the course of the year, DaVita Inc. shares have jumped approximately 10.26%. Shares of the company reached a 52-week high of $87.03 on 02/02/23 and a 52-week low of $74.12 on 01/03/23. A 50-day SMA is recorded $79.78, while a 200-day SMA reached $83.81. Nevertheless, trading volume fell to 0.59 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for DaVita Inc. (DVA)
According to the 24-hour chart, there is a support level at 81.31, which, if violated, would cause prices to drop to 80.30. In the upper region, resistance lies at 82.89. The next price resistance is at 83.46. RSI (Relative Strength Index) is 50.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.66, which suggests the price will decrease in the coming days. Percent R is at 60.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is DaVita Inc. subject to short interest?
Stocks of DaVita Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.14 million shares to 2.72 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 2.58 million shares. A jump of 5.15% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.53 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.53.
Which companies own the most shares of DaVita Inc. (DVA)?
According to Berkshire Hathaway, Inc. filings, the company currently owns 36,095,570 shares, which is about 40.06% of the total DVA shares outstanding. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $488,850,766. BlackRock Fund Advisors reduced a -8.81% interest valued at $265.83 million while SSgA Funds Management, Inc. sold a -2,597 stake. A total of -175,000 shares of DaVita Inc. were sold by LSV Asset Management during the quarter, and 509,855 were bought by Invesco Capital Management LLC. In its current portfolio, Norges Bank Investment Management holds 1,558,491 shares valued at $128.4 million.
In terms of DaVita Inc. share price expectations, FactSet research, analysts set an average price target of $85.00 in the next 12 months, up nearly 4.55% from the previous closing price of $82.26. Analysts anticipate DaVita Inc. stock to reach $90.00 by 2023, with the lowest price target being $74.00. In spite of this, 7 analysts ranked DaVita Inc. stock as a Hold at the end of 2023. On September 10, 2021, Cowen assigned a price target of “a Market perform” to the stock and initiated coverage with a $145.