Darshak Sanghavi Sells 3,202 Shares of Babylon Holdings Limited (NYSE:BBLN) Stock

Babylon Holdings Limited (NYSE:BBLN – Get Rating) insider Darshak Sanghavi sold 3,202 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $7.21, for a total transaction of $23,086.42. Following the sale, the insider now owns 40,394 shares of the company’s stock, valued at $291,240.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Darshak Sanghavi also recently made the following trade(s):

• On Monday, March 13th, Darshak Sanghavi sold 2,640 shares of Babylon stock. The shares were sold at an average price of $8.50, for a total transaction of $22,440.00.

Babylon Trading Down 8.1 %

Shares of NYSE BBLN opened at $5.89 on Friday. The firm’s 50-day moving average price is $10.13 and its 200-day moving average price is $11.64. The firm has a market capitalization of $12.63 million, a P/E ratio of -0.22 and a beta of 2.57. Babylon Holdings Limited has a 1-year low of $5.75 and a 1-year high of $120.75.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BBLN. BNP Paribas Arbitrage SNC acquired a new stake in Babylon in the third quarter valued at approximately $49,000. American International Group Inc. bought a new position in shares of Babylon in the 2nd quarter worth $50,000. JPMorgan Chase & Co. grew its position in Babylon by 886.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 58,221 shares of the company’s stock valued at $57,000 after purchasing an additional 52,319 shares during the period. Raymond James & Associates increased its stake in Babylon by 64.4% during the 3rd quarter. Raymond James & Associates now owns 125,033 shares of the company’s stock valued at $59,000 after purchasing an additional 49,000 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Babylon by 312.1% during the second quarter. Millennium Management LLC now owns 60,986 shares of the company’s stock worth $60,000 after buying an additional 46,186 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BBLN shares. BTIG Research lowered Babylon from a “buy” rating to a “neutral” rating in a research report on Thursday. Citigroup lowered their target price on Babylon from $15.00 to $11.00 in a report on Friday, March 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Babylon currently has an average rating of “Hold” and a consensus price target of $53.08.

About Babylon

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Babylon Holdings Limited operates as a digital healthcare company. It offers end-to-end care solution that facilities through its digital health suite, virtual care, in-person medical care, and post-care offerings. The company also provides Babylon Cloud services. It operates in the United Kingdom, the United States, the Asia Pacific, Canada, and internationally.