OVERSEA CHINESE BANKING Corp Ltd Has $1.59 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 40.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,101 shares of the apparel retailer’s stock after selling 2,759 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Lululemon Athletica were worth $1,586,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Beacon Capital Management LLC boosted its holdings in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after purchasing an additional 25 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 26 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after purchasing an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. raised its position in Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock valued at $356,000 after acquiring an additional 30 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $329.57 on Thursday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The company’s fifty day moving average is $372.75 and its 200-day moving average is $336.02. The company has a market capitalization of $40.14 billion, a PE ratio of 23.80, a P/E/G ratio of 2.22 and a beta of 1.21.

Analyst Ratings Changes

Several brokerages recently weighed in on LULU. KeyCorp raised their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Robert W. Baird raised their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Barclays raised their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $398.83.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.