1858 Wealth Management LLC Purchases New Stake in Leidos Holdings, Inc. (NYSE:LDOS)

1858 Wealth Management LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,046 shares of the aerospace company’s stock, valued at approximately $727,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. lifted its stake in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Leidos in the 3rd quarter valued at about $29,000. Berbice Capital Management LLC bought a new position in Leidos in the 4th quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new stake in Leidos during the third quarter worth approximately $30,000. Finally, Mather Group LLC. boosted its holdings in shares of Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 156 shares during the period. 76.12% of the stock is owned by institutional investors.

Insider Transactions at Leidos

In related news, Director Noel B. Geer acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $322,260. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the transaction, the director now directly owns 20,001 shares of the company’s stock, valued at approximately $3,899,594.97. The trade was a 12.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Leidos Stock Up 0.2 %

Shares of LDOS opened at $141.95 on Wednesday. The firm has a 50 day simple moving average of $151.60 and a two-hundred day simple moving average of $158.07. The company has a market cap of $18.94 billion, a P/E ratio of 16.17, a P/E/G ratio of 0.93 and a beta of 0.66. Leidos Holdings, Inc. has a one year low of $108.97 and a one year high of $202.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LDOS shares. Royal Bank of Canada increased their target price on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their target price on Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and decreased their price target for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Robert W. Baird lifted their price objective on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and decreased their target price for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.07.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.