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Equity Actions

EQH

Equitable Hldgs (NYSE:EQH) has been rated by 8 analysts in the past three months, with a mix of bullish and indifferent sentiments. The average 12-month price target is $35.38, slightly up from the previous $35.00. Analysts from firms like JP Morgan, Jefferies, and Barclays have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Equitable Holdings Inc. is a financial services company with segments in retirement, investment management, and protection solutions. The company shows strong revenue growth and ROE but faces challenges in net margin, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 3:01 pm

OPEN

Opendoor Technologies (NASDAQ:OPEN) has been reviewed by 4 analysts over the last three months, with a mix of opinions. The average 12-month price target is now $3.45, up from $3.05, with a high of $5.00 and a low of $2.50. Analysts from JMP Securities, Keefe, Bruyette & Woods, Deutsche Bank, and Morgan Stanley have updated their ratings and price targets. Opendoor's financial performance shows a significant revenue decline of -70.84% over 3 months, a net margin of -10.82%, and an ROE of -10.07%, with a debt-to-equity ratio of 2.8.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 3:00 pm

APTV

Analysts have recently updated their ratings and price targets for Aptiv (NYSE:APTV), showing a negative shift in sentiment. The average 12-month price target is now $120.22, down 2.15% from previous estimates. Several analysts from firms like Baird, Morgan Stanley, and Citigroup have lowered their price targets, while others like JP Morgan and Oppenheimer have announced or maintained their ratings. Aptiv's financial performance is strong, with significant revenue growth, high net margin, and ROE, as well as a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 3:00 pm

ARE

Alexandria Real Estate Equities Inc (NYSE:ARE) has been analyzed by 5 analysts, showing a mix of bullish and bearish sentiments. The average 12-month price target is now $132.00, down from $156.00, with a high estimate of $154.00 and a low of $108.00. Analyst actions include ratings and price target adjustments from firms like Mizuho, JMP Securities, Wedbush, Exane BNP Paribas, and RBC Capital. Alexandria is an urban office REIT with strong market presence and financials, showing solid revenue growth, high net margin, and good ROE and ROA, with a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 3:00 pm

TCOM

There was a notable options trading activity for Trip.com Group, where a sweep of 682 call options for a strike price of $35 with a March 15 expiration was executed near the ask price at $2.999 each. This is compared to an open interest of 221, indicating new positioning. The underlying stock reference price at the time was $36.035.

Portfolio Pulse from Charles Gross

January 03, 2024 | 2:53 pm

SYK

Stryker Corporation (NYSE:SYK) has experienced a 12.5% increase in short interest since its last report, with 4.14 million shares sold short, representing 1.17% of its float. The current short interest suggests a bearish sentiment among traders, although it is lower than the peer group average of 3.56%. It would take approximately 2.64 days to cover all short positions based on recent trading volumes.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:45 pm

NU

Nu Holdings (NYSE:NU) has seen a 5.33% increase in short interest since its last report, with 54.60 million shares sold short, representing 1.78% of available shares. It would take about 2.62 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Nu Holdings has a higher short interest than its peer group average of 0.78%.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:45 pm

SAVA

Cassava Sciences has announced a distribution of warrants to shareholders, allowing them to purchase additional shares. For every ten shares held, shareholders will receive four warrants on January 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 2:21 pm

AMZN

GOOGL

META

Saudi Arabia's Public Investment Fund (PIF) has become the top global sovereign wealth fund spender in 2023, with $31.6 billion in deals, outspending Singapore's GIC. PIF's investments are part of Vision 2030, aiming to diversify the Saudi economy beyond oil. The fund has stakes in tech giants like Amazon, Alphabet, and Meta, and has expanded into foreign investments and sports ventures, raising security concerns in the U.S. Senate.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 2:18 pm

MAR

Henri Giscard d’Estaing, co-CEO of Fosun Tourism and president of Club Med, has resigned from the board of Fosun Tourism. Despite rumors of a potential sale of Club Med due to Fosun's debt, the company's improved financials make a sale less likely. Fosun Tourism's revenue rose 39% in the first half of 2023, and Club Med's bookings for the second half of 2023 are up 23% from the same period in 2019. The company plans to open 17 new resorts in the next three years, focusing on growth in China and Southeast Asia.

Portfolio Pulse from The Bamboo Works

January 03, 2024 | 2:13 pm