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Celgene (CELG) Cut to "Buy" at Vetr

15 December 2017

The institutional investor held 4,269 shares of the technology company at the end of 2017Q2, valued at $645,000, down from 6,473 at the end of the previous reported quarter. Celgene Corp now has $85.22 billion valuation. CELG shares price knocked down -0.77% during latest trading session.

The company had seen its current volume reaching at 15.85 million shares in the last trade. YY Inc. (NASDAQ:YY) has risen 20.20% since December 15, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.

Thomas J Herzfeld Advisors Inc increased its stake in Central Securities Corp (CET) by 11.71% based on its latest 2017Q2 regulatory filing with the SEC. Light Street Capital Management Llc bought 5,000 shares as the company's stock rose 10.44% with the market. The Citigroup Inc holds 219,600 shares with $2.70M value, up from 826 last quarter. It was last traded at $108.2 apiece. About 10,221 shares traded. It has outperformed by 29.27% the S&P500. The firm has "Buy" rating by Cowen & Co given on Thursday, July 27. GEIGER CHARLES sold $1.11 million worth of stock or 81,968 shares. MARIO ERNEST sold $2.42M worth of stock.

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Investors sentiment increased to 1.34 in Q2 2017. The firm has price to earnings growth of 1.75, which is a valuation metric for determining relative trade-off among price of a stock.

COPYRIGHT VIOLATION WARNING: "Nordea Investment Management AB Raises Position in Celgene Co". (NYSEAMERICAN:CET). Shaker Financial Ser Ltd Llc invested in 269,991 shares. Aviance Capital Management LLC acquired a new stake in shares of Celgene during the second quarter worth approximately $159,000. Institutional investors and hedge funds own 80.16% of the company's stock. Ibm Retirement Fund reported 18,969 shares. (NASDAQ:UIHC). Federated Investors Incorporated Pa holds 0% or 1,695 shares in its portfolio. Aqr Capital Management Limited Liability Company reported 858,028 shares or 0.15% of all its holdings. 88,368 were accumulated by Seizert Prns Limited Liability Corporation. Prudential Public Limited owns 0.06% invested in Chegg, Inc. The insider BLAIR JAMES C sold 18,450 shares worth $1.45M. Associated Banc holds 1.48% or 200,643 shares in its portfolio. 100,000 are owned by Bancorporation Of Montreal Can. Jacobs Ca holds 25,374 shares or 0.65% of its portfolio. G2 Prtn Mngmt Ltd Co invested 1.81% in Chegg, Inc. Credit Suisse Ag accumulated 2.10M shares or 0.27% of the stock. (NASDAQ:YY) earned "Hold" rating by Jefferies on Wednesday, February 8. Therefore 64% are positive. Baidu had 55 analyst reports since July 28, 2015 according to SRatingsIntel. As per Tuesday, October 20, the company rating was maintained by RBC Capital Markets. The stock of Baidu, Inc. As per Tuesday, November 7, the company rating was maintained by Credit Suisse. The rating was maintained by UBS on Friday, November 6 with "Buy". Royal Bank of Canada lowered their price target on Celgene from $166.00 to $148.00 and set a top pick rating on the stock in a report on Friday, October 27th. The firm earned "Outperform" rating on Friday, November 17 by BMO Capital Markets.

Stockbridge Partners Llc, which manages about $1.82B and $2.18B US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 78,100 shares to 2.40M shares, valued at $224.91M in 2017Q2, according to the filing. It also reduced its holding in Medtronic Plc (NYSE:MDT) by 45,600 shares in the quarter, leaving it with 167,430 shares, and cut its stake in Zoetis Inc (NYSE:ZTS). Blackrock Res & Comm Strat T (BCX) was reduced too.

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Among 33 analysts covering Celgene Corporation (NASDAQ:CELG), 21 have Buy rating, 2 Sell and 10 Hold. Therefore 86% are positive. Oppenheimer Holdings, Inc. set a $148.00 target price on shares of Celgene Corporation and gave the company a "buy" rating in a research report on Wednesday, June 14th. The company was downgraded on Friday, May 5 by Argus Research. Suntrust Robinson maintained the shares of CLVS in report on Friday, September 23 with "Buy" rating. Riverhead Capital Mngmt Limited has invested 0.13% in Celgene Corporation (NASDAQ:CELG). Morgan Stanley downgraded shares of Celgene from an "equal weight" rating to an "underweight" rating and set a $120.00 price objective for the a report on Thursday, October 5th. BidaskClub upgraded shares of Celgene from a sell rating to a hold rating in a research report on Tuesday. On Monday, August 28 the stock rating was maintained by Cantor Fitzgerald with "Buy". The firm has "Buy" rating given on Thursday, June 1 by Mizuho. BidaskClub upgraded shares of Celgene from a "sell" rating to a "hold" rating in a research note on Tuesday. Cowen & Co maintained Celgene Corporation (NASDAQ:CELG) on Wednesday, August 12 with "Outperform" rating. Bluemountain Cap Management Ltd Liability Co has 0.09% invested in Celgene Corporation (NASDAQ:CELG) for 34,530 shares. Smith Moore Commerce owns 0.17% invested in Celgene Corporation (NASDAQ:CELG) for 3,829 shares. The company has a market capitalization of $104.87 billion, a P/E ratio of 50.44 and a beta of 1.82.

Since June 17, 2017, it had 0 buys, and 5 selling transactions for $6.27 million activity.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.1 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. Bridges Inv Counsel has invested 2.29% in Celgene Corporation (NASDAQ:CELG). 1,727 Celgene Corporation (NASDAQ:CELG) shares with value of $248,498 were sold by Curran Terrie. It also increased its holding in Las Vegas Sands Corp (NYSE:LVS) by 4,902 shares in the quarter, for a total of 23,367 shares, and has risen its stake in Banco Bradesco Sa (NYSE:BBD).

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