Edwards Lifesciences (EW) Is At $139.52 Formed Wedge; Point72 Asset Management LP Has Decreased Parsley Energy (PE) Position By $138.33 Million

Edwards Lifesciences Corporation (NYSE:EW) Logo

Point72 Asset Management Lp decreased Parsley Energy Inc (PE) stake by 83.55% reported in 2017Q4 SEC filing. Point72 Asset Management Lp sold 4.77 million shares as Parsley Energy Inc (PE)’s stock declined 8.80%. The Point72 Asset Management Lp holds 939,200 shares with $27.65M value, down from 5.71M last quarter. Parsley Energy Inc now has $9.60 billion valuation. The stock increased 2.04% or $0.61 during the last trading session, reaching $30.47. About 5.63M shares traded. Parsley Energy, Inc. (NYSE:PE) has declined 12.13% since April 19, 2017 and is downtrending. It has underperformed by 23.68% the S&P500.

Edwards Lifesciences Corporation (EW) formed wedge up with $146.50 target or 5.00% above today’s $139.52 share price. Edwards Lifesciences Corporation (EW) has $29.37 billion valuation. The stock increased 0.22% or $0.31 during the last trading session, reaching $139.52. About 1.48M shares traded or 8.98% up from the average. Edwards Lifesciences Corporation (NYSE:EW) has risen 44.06% since April 19, 2017 and is uptrending. It has outperformed by 32.51% the S&P500.

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.12, from 1.13 in 2017Q3. It worsened, as 49 investors sold PE shares while 96 reduced holdings. 54 funds opened positions while 93 raised stakes. 251.44 million shares or 1.93% more from 246.67 million shares in 2017Q3 were reported. Robeco Institutional Asset Mngmt Bv stated it has 0% in Parsley Energy, Inc. (NYSE:PE). 105,181 are held by Fred Alger Mgmt. Tower Cap (Trc) owns 100 shares. State Street Corporation stated it has 5.78M shares. Element Mngmt Lc has invested 0.37% of its portfolio in Parsley Energy, Inc. (NYSE:PE). Deutsche Bank & Trust Ag invested 0.02% of its portfolio in Parsley Energy, Inc. (NYSE:PE). Utah Retirement Systems stated it has 43,500 shares or 0.03% of all its holdings. Bessemer Grp owns 63,472 shares for 0.01% of their portfolio. Jupiter Asset Mngmt Limited owns 155,334 shares or 0.13% of their US portfolio. Comerica Financial Bank invested in 0% or 24,341 shares. Envestnet Asset holds 0% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 5,539 shares. Agf Invests has 142,238 shares. Van Eck has invested 0.81% in Parsley Energy, Inc. (NYSE:PE). Tortoise Limited Liability owns 285,968 shares for 0.06% of their portfolio. Marshall Wace Llp accumulated 101,158 shares.

Since February 26, 2018, it had 3 insider buys, and 2 sales for $4.83 million activity. Brokmeyer Ron also bought $51,320 worth of Parsley Energy, Inc. (NYSE:PE) on Wednesday, February 28. $261,400 worth of Parsley Energy, Inc. (NYSE:PE) shares were sold by Roberts Colin. 189,500 shares were bought by Sheffield Bryan, worth $4.99M. Shares for $259,900 were bought by ALAMEDDINE A R.

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on May, 3 after the close. They expect $0.21 earnings per share, up 40.00% or $0.06 from last year’s $0.15 per share. PE’s profit will be $66.15M for 36.27 P/E if the $0.21 EPS becomes a reality. After $0.30 actual earnings per share reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts -30.00% negative EPS growth.

Point72 Asset Management Lp increased Mosaic Co New (NYSE:MOS) stake by 231,273 shares to 326,000 valued at $8.37M in 2017Q4. It also upped Unitedhealth Group Inc (Call) (NYSE:UNH) stake by 22,200 shares and now owns 62,200 shares. Travelers Companies Inc (NYSE:TRV) was raised too.

Among 37 analysts covering Parsley Energy Inc (NYSE:PE), 29 have Buy rating, 0 Sell and 8 Hold. Therefore 78% are positive. Parsley Energy Inc had 138 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained Parsley Energy, Inc. (NYSE:PE) on Friday, February 10 with “Overweight” rating. The firm has “Buy” rating given on Tuesday, January 12 by Topeka Capital Markets. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by Citigroup on Tuesday, August 15. The firm earned “Buy” rating on Tuesday, October 20 by Canaccord Genuity. The stock of Parsley Energy, Inc. (NYSE:PE) has “Outperform” rating given on Friday, October 9 by Iberia Capital Partners. Northland Capital maintained Parsley Energy, Inc. (NYSE:PE) rating on Monday, July 17. Northland Capital has “Buy” rating and $4300 target. As per Tuesday, January 23, the company rating was maintained by Credit Suisse. As per Tuesday, August 8, the company rating was maintained by Barclays Capital. The stock has “Buy” rating by UBS on Thursday, August 4. The stock has “Outperform” rating by Credit Suisse on Friday, August 21.

Among 28 analysts covering Edwards Lifesciences Corp (NYSE:EW), 22 have Buy rating, 1 Sell and 5 Hold. Therefore 79% are positive. Edwards Lifesciences Corp had 109 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Friday, February 2 by Morgan Stanley. The firm has “Buy” rating given on Monday, September 4 by Canaccord Genuity. Leerink Swann downgraded the stock to “Mkt Perform” rating in Thursday, February 2 report. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, February 15. The stock has “Neutral” rating by SunTrust on Friday, January 8. JP Morgan maintained the stock with “Overweight” rating in Monday, April 4 report. The firm earned “Buy” rating on Thursday, July 27 by Northland Capital. The stock of Edwards Lifesciences Corporation (NYSE:EW) has “Priority List” rating given on Monday, October 19 by Wells Fargo. The rating was maintained by Jefferies with “Buy” on Monday, April 4. Cowen & Co initiated Edwards Lifesciences Corporation (NYSE:EW) on Friday, October 9 with “Outperform” rating.

Parsley Energy, Inc. (NYSE:PE) Institutional Positions Chart