AbbVieABBV
About: AbbVie is a pharmaceutical firm with a strong exposure to immunology (with Humira, Skyrizi, and Rinvoq) and oncology (with Imbruvica and Venclexta). The company was spun off from Abbott in early 2013. The 2020 acquisition of Allergan added several new products and drugs in aesthetics (including Botox).
Employees: 50,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
107% more first-time investments, than exits
New positions opened: 240 | Existing positions closed: 116
27% more call options, than puts
Call options by funds: $3.65B | Put options by funds: $2.87B
18% more funds holding in top 10
Funds holding in top 10: 174 [Q2] → 206 (+32) [Q3]
10% more capital invested
Capital invested by funds: $225B [Q2] → $246B (+$21.4B) [Q3]
4% more funds holding
Funds holding: 3,296 [Q2] → 3,420 (+124) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 1,378 | Existing positions reduced: 1,376
3.31% less ownership
Funds ownership: 73.79% [Q2] → 70.48% (-3.31%) [Q3]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Piper Sandler Christopher Raymond 19% 1-year accuracy 5 / 27 met price target | 25%upside $220 | Overweight Maintained | 17 Dec 2024 |
B of A Securities Tim Anderson 50% 1-year accuracy 3 / 6 met price target | 9%upside $191 | Neutral Reinstated | 10 Dec 2024 |
Leerink Partners David Risinger 33% 1-year accuracy 3 / 9 met price target | 17%upside $206 | Outperform Upgraded | 22 Nov 2024 |
Wolfe Research Alexandria Hammond 33% 1-year accuracy 3 / 9 met price target | 17%upside $205 | Outperform Initiated | 15 Nov 2024 |
JP Morgan Chris Schott 24% 1-year accuracy 4 / 17 met price target | 14%upside $200 | Overweight Maintained | 13 Nov 2024 |
Financial journalist opinion
Based on 54 articles about ABBV published over the past 30 days