AXA Equitable Holdings Inc (NYSE:EQH) Stake Boosted by Fmr LLC

FMR LLC raised its stake in shares of AXA Equitable Holdings Inc (NYSE:EQH) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,966,246 shares of the company’s stock after purchasing an additional 41,598 shares during the period. FMR LLC owned 1.21% of AXA Equitable worth $120,161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CENTRAL TRUST Co purchased a new position in AXA Equitable in the first quarter worth approximately $42,000. Strs Ohio acquired a new stake in AXA Equitable during the first quarter worth approximately $61,000. American International Group Inc. raised its holdings in AXA Equitable by 44.6% during the fourth quarter. American International Group Inc. now owns 3,610 shares of the company’s stock worth $60,000 after purchasing an additional 1,114 shares in the last quarter. Quantamental Technologies LLC raised its holdings in AXA Equitable by 840.0% during the first quarter. Quantamental Technologies LLC now owns 4,700 shares of the company’s stock worth $95,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in AXA Equitable by 44.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,867 shares of the company’s stock worth $81,000 after purchasing an additional 1,507 shares in the last quarter. 50.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Mark Pearson bought 49,000 shares of AXA Equitable stock in a transaction on Thursday, June 27th. The shares were bought at an average cost of $20.34 per share, for a total transaction of $996,660.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Axa sold 40,000,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $20.85, for a total transaction of $834,000,000.00. The disclosure for this sale can be found here. 0.16% of the stock is owned by insiders.

Shares of NYSE EQH traded up $0.27 during trading on Thursday, hitting $22.47. 3,334,815 shares of the company were exchanged, compared to its average volume of 3,351,221. The stock has a market cap of $11.12 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.32. AXA Equitable Holdings Inc has a 1 year low of $14.72 and a 1 year high of $23.21. The stock has a fifty day moving average price of $21.22.

AXA Equitable (NYSE:EQH) last issued its earnings results on Thursday, May 9th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Analysts anticipate that AXA Equitable Holdings Inc will post 4.15 earnings per share for the current year.

A number of analysts have weighed in on the stock. Barclays reissued a “sell” rating on shares of easyJet in a report on Monday, April 1st. Zacks Investment Research cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup lifted their target price on shares of Vistra Energy from $32.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Credit Suisse Group cut their target price on shares of HollyFrontier from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. AXA Equitable currently has a consensus rating of “Hold” and a consensus price target of $23.00.

About AXA Equitable

AXA Equitable Holdings, Inc operates as a diversified financial services company worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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Institutional Ownership by Quarter for AXA Equitable (NYSE:EQH)

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