6 days Ago By ABMN Staff
Geode Capital Management LLC lessened its stake in Lemonade, Inc. ( NYSE:LMND – Free Report ) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund owned 1,203,950 shares of the company’s stock after selling 4,663 shares during the quarter. Geode Capital Management LLC’s holdings in Lemonade were worth $44,172,000 at the end of the most recent reporting period. Other institutional investors have also recently added to or reduced their stakes in the company.
Avior Wealth Management LLC acquired a new stake in shares of Lemonade in the 4th quarter worth $40,000. PNC Financial Services Group Inc. grew its holdings in shares of Lemonade by 116.
8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company’s stock valued at $59,000 after purchasing an additional 860 shares during the period.
Union Bancaire Privee UBP SA acquired a new stake in Lemonade during the fourth quarter worth about $67,000. US Bancorp DE raised its stake in Lemonade by 574.5% during the fourth quarter.
US Bancorp DE now owns 1,875 shares of the company’s stock worth $69,000 after purchasing an additional 1,597 shares during the period. Finally, KBC Group NV acquired a new position in Lemonade in the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 80.
30% of the company’s stock. Lemonade Trading Up 2.0 % LMND stock opened at $26.
88 on Tuesday. The business’s fifty day moving average price is $33.35 and its 200 day moving average price is $32.
82. Lemonade, Inc. has a 12-month low of $14.
03 and a 12-month high of $53.85. The company has a market capitalization of $1.
96 billion, a PE ratio of -8.84 and a beta of 2.13.
Analyst Ratings Changes A number of analysts have recently issued reports on LMND shares. Piper Sandler cut their price target on shares of Lemonade from $44.00 to $34.
00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Morgan Stanley cut Lemonade from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $35.00 to $24.
00 in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.
00. View Our Latest Report on LMND Insider Buying and Selling at Lemonade In other Lemonade news, major shareholder Softbank Group Capital Ltd sold 204,575 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $37.
08, for a total transaction of $7,585,641.00. Following the completion of the transaction, the insider now owns 10,494,636 shares in the company, valued at $389,141,102.
88. The trade was a 1.91 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, insider John Sheldon Peters sold 1,899 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.
79, for a total transaction of $64,167.21. Following the completion of the sale, the insider now owns 87,609 shares in the company, valued at $2,960,308.
11. The trade was a 2.12 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold 248,634 shares of company stock valued at $9,219,003 in the last 90 days. Company insiders own 12.
50% of the company’s stock. Lemonade Profile ( Free Report ) Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.
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