Global Blood Therapeutics Inc (GBT) Position Boosted by Bailard Inc.

Bailard Inc. lifted its holdings in Global Blood Therapeutics Inc (NASDAQ:GBT) by 59.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,700 shares of the company’s stock after purchasing an additional 27,000 shares during the period. Bailard Inc.’s holdings in Global Blood Therapeutics were worth $2,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Global Blood Therapeutics by 211.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 317,571 shares of the company’s stock valued at $8,686,000 after purchasing an additional 215,690 shares in the last quarter. Family Management Corp acquired a new stake in Global Blood Therapeutics in the 3rd quarter worth about $351,000. Perceptive Advisors LLC boosted its holdings in Global Blood Therapeutics by 8.4% in the 3rd quarter. Perceptive Advisors LLC now owns 4,264,066 shares of the company’s stock worth $132,399,000 after buying an additional 330,139 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Global Blood Therapeutics by 38.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 17,759 shares of the company’s stock worth $551,000 after buying an additional 4,950 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Global Blood Therapeutics in the 2nd quarter worth about $26,919,000. Hedge funds and other institutional investors own 85.95% of the company’s stock.

Several research firms recently issued reports on GBT. Janney Montgomery Scott began coverage on Global Blood Therapeutics in a report on Tuesday. They issued a “buy” rating and a $75.00 price objective on the stock. ValuEngine upgraded Global Blood Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. William Blair began coverage on Global Blood Therapeutics in a report on Tuesday, January 23rd. They issued an “outperform” rating and a $80.00 price objective on the stock. HC Wainwright set a $73.00 price objective on Global Blood Therapeutics and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Cantor Fitzgerald set a $61.00 price objective on Global Blood Therapeutics and gave the stock a “buy” rating in a report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $65.80.

In other news, insider Peter Radovich sold 812 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $57.30, for a total transaction of $46,527.60. Following the transaction, the insider now directly owns 6,221 shares in the company, valued at approximately $356,463.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jung Choi sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $36.55, for a total value of $109,650.00. Following the transaction, the insider now owns 135,255 shares in the company, valued at $4,943,570.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,812 shares of company stock worth $2,864,728. Insiders own 5.30% of the company’s stock.

Global Blood Therapeutics Inc (NASDAQ:GBT) opened at $62.30 on Thursday. Global Blood Therapeutics Inc has a twelve month low of $21.85 and a twelve month high of $65.40.

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About Global Blood Therapeutics

Global Blood Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in discovering, developing and commercializing therapeutics to treat blood-based disorders. The Company is developing its initial product candidate, GBT440, as an oral, once-daily therapy for sickle cell disease (SCD).

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Institutional Ownership by Quarter for Global Blood Therapeutics (NASDAQ:GBT)

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