Illumina INC (ILMN) Position Raised by Hitchwood Capital Management Lp

Illumina, Inc. (NASDAQ:ILMN) LogoInvestors sentiment increased to 1.53 in Q2 2018. Its up 0.18, from 1.35 in 2018Q1. It improved, as 26 investors sold ILMN shares while 175 reduced holdings. 87 funds opened positions while 221 raised stakes. 128.56 million shares or 1.04% less from 129.91 million shares in 2018Q1 were reported. 100 are owned by Winch Advisory Service Llc. Baker Avenue Asset LP accumulated 5,366 shares or 0.13% of the stock. Regent Limited Liability has invested 0.32% in Illumina, Inc. (NASDAQ:ILMN). Prudential Public Ltd Co reported 833 shares or 0% of all its holdings. Millennium Management Ltd Limited Liability Company owns 548,957 shares or 0.2% of their US portfolio. Lmr Partners Llp holds 0.29% or 20,165 shares in its portfolio. Moreover, Rathbone Brothers Public Limited Com has 0.02% invested in Illumina, Inc. (NASDAQ:ILMN) for 1,496 shares. Rhumbline Advisers holds 0.14% or 255,775 shares in its portfolio. Kepos Cap LP reported 0.03% of its portfolio in Illumina, Inc. (NASDAQ:ILMN). Parametric Lc reported 0.11% of its portfolio in Illumina, Inc. (NASDAQ:ILMN). Alliancebernstein Limited Partnership owns 234,462 shares for 0.05% of their portfolio. Earnest Prtn Ltd Llc stated it has 68 shares or 0% of all its holdings. Winslow Capital Ltd Limited Liability Company, Minnesota-based fund reported 906,859 shares. Jennison Associate Ltd Limited Liability Company holds 1.17% or 4.30M shares. Franklin Resources holds 0.2% of its portfolio in Illumina, Inc. (NASDAQ:ILMN) for 1.37M shares.

Since June 11, 2018, it had 0 insider buys, and 24 selling transactions for $24.21 million activity. Another trade for 3,300 shares valued at $1.16 million was sold by FLATLEY JAY T. EPSTEIN ROBERT S also sold $464,558 worth of Illumina, Inc. (NASDAQ:ILMN) shares. Shares for $197,541 were sold by OSTADAN OMEAD. Ronaghi Mostafa sold $3.47 million worth of stock. On Wednesday, November 7 Stapley Marc sold $336,680 worth of Illumina, Inc. (NASDAQ:ILMN) or 1,000 shares. The insider Van Oene Mark sold $386,410.

Hitchwood Capital Management Lp increased its stake in Illumina Inc (ILMN) by 8.4% based on its latest 2018Q2 regulatory filing with the SEC. Hitchwood Capital Management Lp bought 34,458 shares as the company’s stock rose 21.79% with the market. The institutional investor held 444,458 shares of the capital goods company at the end of 2018Q2, valued at $124.13 million, up from 410,000 at the end of the previous reported quarter. Hitchwood Capital Management Lp who had been investing in Illumina Inc for a number of months, seems to be bullish on the $47.25 billion market cap company. The stock decreased 3.86% or $12.91 during the last trading session, reaching $321.41. About 1.08M shares traded or 0.85% up from the average. Illumina, Inc. (NASDAQ:ILMN) has risen 63.52% since December 8, 2017 and is uptrending. It has outperformed by 47.90% the S&P500.

Hitchwood Capital Management Lp, which manages about $657.83 million and $3.19 billion US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 150,000 shares to 200,000 shares, valued at $37.11 million in 2018Q2, according to the filing. It also reduced its holding in Veeva Sys Inc (NYSE:VEEV) by 700,000 shares in the quarter, leaving it with 400,000 shares, and cut its stake in Netflix Inc (NASDAQ:NFLX).

More notable recent Illumina, Inc. (NASDAQ:ILMN) news were published by: Seekingalpha.com which released: “Illumina, Inc. (ILMN) Presents at Piper Jaffray Healthcare Conference (Transcript) – Seeking Alpha” on November 29, 2018, also Nasdaq.com with their article: “Cooper Companies (COO) Earnings Miss & Revenues Beat in Q4 – Nasdaq” published on December 07, 2018, Nasdaq.com published: “Medtronic Gets Health Canada License for Visualase System – Nasdaq” on November 23, 2018. More interesting news about Illumina, Inc. (NASDAQ:ILMN) were released by: Nasdaq.com and their article: “Ecolab to Boost Food Safety Standards With Holchem Buyout – Nasdaq” published on December 07, 2018 as well as Seekingalpha.com‘s news article titled: “Illumina, Inc. (ILMN) CEO Management Presents at Citi’s 2018 Global Healthcare Conference (Transcript) – Seeking Alpha” with publication date: December 06, 2018.

Illumina, Inc. (NASDAQ:ILMN) Ratings Coverage

Among 8 analysts covering Illumina (NASDAQ:ILMN), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Illumina had 11 analyst reports since June 25, 2018 according to SRatingsIntel. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Tuesday, August 7 report. The company was maintained on Tuesday, July 31 by Citigroup. Deutsche Bank maintained Illumina, Inc. (NASDAQ:ILMN) on Tuesday, July 31 with “Buy” rating. Argus Research maintained Illumina, Inc. (NASDAQ:ILMN) on Friday, August 10 with “Buy” rating. The rating was maintained by Citigroup on Monday, June 25 with “Buy”. The company was maintained on Tuesday, July 10 by Cowen & Co. The stock of Illumina, Inc. (NASDAQ:ILMN) has “Overweight” rating given on Wednesday, October 24 by Barclays Capital. The rating was maintained by PiperJaffray on Tuesday, July 17 with “Overweight”. Barclays Capital maintained the shares of ILMN in report on Tuesday, July 31 with “Overweight” rating. On Tuesday, July 31 the stock rating was maintained by Canaccord Genuity with “Buy”.

Illumina, Inc. (NASDAQ:ILMN) Institutional Positions Chart

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