1858 Wealth Management LLC Invests $727,000 in Leidos Holdings, Inc. (NYSE:LDOS)

1858 Wealth Management LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,046 shares of the aerospace company’s stock, valued at approximately $727,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LDOS. Rakuten Securities Inc. boosted its stake in shares of Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Leidos in the third quarter valued at approximately $29,000. Berbice Capital Management LLC bought a new position in shares of Leidos in the 4th quarter worth $29,000. Northwest Investment Counselors LLC bought a new position in Leidos during the third quarter worth about $30,000. Finally, Mather Group LLC. boosted its stake in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 156 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now owns 20,001 shares in the company, valued at $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Noel B. Geer acquired 2,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $322,260. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by company insiders.

Leidos Stock Up 0.2 %

Shares of LDOS stock opened at $141.95 on Wednesday. The firm’s fifty day moving average price is $151.60 and its two-hundred day moving average price is $158.07. Leidos Holdings, Inc. has a 1 year low of $108.97 and a 1 year high of $202.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $18.94 billion, a P/E ratio of 16.17, a PEG ratio of 0.93 and a beta of 0.66.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and lowered their price target for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and cut their price objective for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Citigroup boosted their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, UBS Group initiated coverage on shares of Leidos in a research note on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price target on the stock. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.07.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.