Integrated Wealth Concepts LLC Has $714,000 Holdings in Doximity, Inc. (NASDAQ:DOCS)

Integrated Wealth Concepts LLC grew its holdings in Doximity, Inc. (NASDAQ:DOCS) by 89.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,380 shares of the company’s stock after purchasing an additional 6,318 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Doximity were worth $714,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Doximity by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 11,203,569 shares of the company’s stock valued at $598,159,000 after acquiring an additional 485,102 shares during the last quarter. FMR LLC lifted its stake in shares of Doximity by 37.6% in the 4th quarter. FMR LLC now owns 9,409,313 shares of the company’s stock valued at $502,363,000 after purchasing an additional 2,571,580 shares during the period. Geode Capital Management LLC boosted its position in shares of Doximity by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 2,952,442 shares of the company’s stock worth $157,668,000 after purchasing an additional 95,458 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Doximity by 2.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,334,597 shares of the company’s stock worth $124,644,000 after purchasing an additional 62,366 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Doximity by 9.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,847,702 shares of the company’s stock valued at $98,649,000 after purchasing an additional 164,200 shares during the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.

Insider Activity

In related news, Director Timothy S. Cabral sold 20,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $57.62, for a total transaction of $1,152,400.00. Following the sale, the director now owns 6,360 shares in the company, valued at approximately $366,463.20. This represents a 75.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 37.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on DOCS. Mizuho raised their target price on Doximity from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Leerink Partners raised shares of Doximity from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $60.00 to $90.00 in a research note on Friday, February 7th. Needham & Company LLC boosted their price objective on shares of Doximity from $65.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 7th. Truist Financial cut their target price on shares of Doximity from $65.00 to $58.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, Canaccord Genuity Group boosted their price target on shares of Doximity from $60.00 to $71.00 and gave the company a “hold” rating in a report on Friday, February 7th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Doximity currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.39.

Doximity Trading Up 2.2 %

Doximity stock opened at $58.11 on Friday. Doximity, Inc. has a 1-year low of $22.96 and a 1-year high of $85.21. The company has a fifty day simple moving average of $59.36 and a 200 day simple moving average of $56.50. The company has a market cap of $10.85 billion, a P/E ratio of 58.11, a price-to-earnings-growth ratio of 4.10 and a beta of 1.41.

About Doximity

Doximity, Inc operates a cloud-based digital platform for medical professionals in the United States. The company's platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up to date with the latest medical news and research, and manage their careers.