10% Owner Axa sold 60,000,000 shares in AXA Equitable Holdings, Inc. (NYSE:EQH) for $313,000,000 in transaction occurred on 2018/11/20. After making this transaction, the 10% Owner owns a direct stake of 1,180,000,000 shares, worth $5,660,000,000, as per the last closing price. On 2018/05/14 Axa, 10% Owner at EQH, dumped 158,000,000 shares at an average price of $20 per share. The selling total is valued at $7,280,000,000.
Separately, it had been reported that some other EQH insiders also took part of the insider trading activity. – Bernstein Seth P had invested in 4,000 shares for $22,500 through a trade on 2018/05/10. Following this activity, the insider holds 80,000 shares worth $406,350 as of recent close. Wall Street’s most bullish AXA Equitable Holdings, Inc. (NYSE:EQH) analysts are predicting the share price to blow past $27 per share during the next 12 months. The current median share price forecast by them is $24, suggesting that the stock could increase 32.89% in that time frame. The average price target of $23.31 calls for a nearly 29.07% increase in the stock price.
AXA Equitable Holdings, Inc. (EQH) trading activity significantly weakened as the volume at ready counter decreased to 2,823,749 shares versus 3,830,040 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,075,529 shares. The share price rose 1.29% in recent trade and currently has a stock-market value of $10.1B. The shares finished at $18.06, after trading as low as $17.69 earlier in the session. It hit an intraday high Thursday at $18.11. The stock is now 22.69% above against its bear-market low of $14.72 on December 26, 2018. It has retreated -28.52% since it’s 52-week high of $23.21 reached in August. Now the market price is down 0% on the year and up 8.6% YTD.
EQH’s 50 day simple moving average (SMA 50) price is $18.61. The company’s stock currently has a total float of 245.62M shares. Its weekly volatility is hovering around 3.27% and felt 3.76% volatility in price over a month. On the upside, the share price will test short term resistance at around $18.22. On a downside, the stock is likely to find some support, which begins at $17.8. The failure to get near-term support could push it to $17.53.
It had seen a new analyst call from Wells Fargo, which initiated the stock at Market Perform on January 08. Analysts at Evercore ISI, started covering the stock on June 29 with a Outperform rating. Analysts at Citigroup, made their first call about the stock on June 05, recommending it is Neutral.
When looking at valuations, AXA Equitable Holdings, Inc. (EQH) has a cheap P/E of 28x as compared to industry average of 474.83x. Moreover, it trades for 4.58 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.81x price/book and 1.03x price/sales.
EQH last reported earnings on November 12, 2018 when it released Mar-18 results that exceeded expectations. The company raked in $0.83 per share, -61.21% change on the same period last year. That was better than consensus for $0.81. Revenue for the recent quarter stood at $3.24 billion, up 263152% on last year and above the $3.21 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $3.02 billion to $3.38 billion, which should be compared with $0 generated last year. EPS is seen in a range of $0.92 to $0.99, against the 0 reported a year ago.