Ellevest Inc. Has $629,000 Position in HP Inc. (NYSE:HPQ)

Ellevest Inc. decreased its stake in shares of HP Inc. (NYSE:HPQ) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,267 shares of the computer maker’s stock after selling 579 shares during the quarter. Ellevest Inc.’s holdings in HP were worth $629,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Synergy Asset Management LLC bought a new position in shares of HP during the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in HP during the 4th quarter worth $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in HP during the 4th quarter worth $36,000. OFI Invest Asset Management bought a new stake in shares of HP in the fourth quarter valued at about $37,000. Finally, CoreCap Advisors LLC grew its stake in shares of HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker’s stock valued at $46,000 after acquiring an additional 587 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Up 0.5 %

HP stock opened at $26.45 on Friday. The stock has a 50-day moving average price of $26.23 and a two-hundred day moving average price of $31.59. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The company has a market capitalization of $24.93 billion, a PE ratio of 9.41, a P/E/G ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

HPQ has been the subject of several analyst reports. Citigroup dropped their price objective on shares of HP from $36.50 to $25.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Evercore ISI cut their price target on HP from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Barclays raised their price objective on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Morgan Stanley cut their target price on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Finally, StockNews.com cut HP from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.83.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 15,646 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now directly owns 169 shares of the company’s stock, valued at $4,814.81. This represents a 99.22 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.