251 hedge funds sold their entire positions in The Gap, Inc. (GPS)

The Gap, Inc. (NYSE:GPS) went up to recover about 62.18% since recording its record low price of $21.02. The stock experienced 6.6% jump, arriving at $34.09 on 12/04/2017. During the day, the stock price traveled from $32.31 to $34.3. This company shares are -15.87% up from its target price of $28.68 and the current market capitalization stands at $13.33B. The recent change has given its price a 21.14% lead over SMA 50 and 3.83% lead over its 52-week high. The stock witnessed 28.88% gains, 41.86% gains and 54.32% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GPS’s volatility during a week at 4.58% and during a month it has been found around 3.6%.

The Gap, Inc. 13F Filings

At the end of recent reporting period, 193 institutional holders increased their position in The Gap, Inc. (NYSE:GPS) by some 23,039,619 shares, 251 decreased positions by 32,046,855 and 61 held positions by 159,087,286. That puts total institutional holdings at 214,173,760 shares, according to SEC filings. The stock grabbed 51 new institutional investments totaling 5,746,296 shares while 61 institutional investors sold out their entire positions totaling 4,282,878 shares.

The Gap, Inc. (NYSE:GPS) Insider Trades

Multiple company employees have indulged in significant insider trading. The Gap, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President & CEO, Old Navy Syngal Sonia has sold 7,021 shares of The Gap, Inc. (GPS) in trading session dated Dec. 01, 2017. These shares are worth $223,408 and were traded at $31.82 each. The SEC filing shows that Kirwan Jeff performed a sale of 7,430 shares. The President & CEO, GAP disposed these shares by way of transaction on Dec. 01, 2017. The company’s shares were given away at $32.02 per share worth to an income of some $237,909 on account of Kirwan Jeff.

10% Owner, Fisher John J, sold 850,000 common shares of The Gap, Inc. (GPS) in the open market. In a transaction dated Nov. 30, 2017, the shares were put up for sale at an average price of $32.32, raking in a sum of $27,472,000. After this sale, 46,444,202 common shares of GPS are directly owned by the insider, with total stake valued at $1,583,282,846.

In the transaction dated Nov. 28, 2017, the great number of shares disposed came courtesy the 10% Owner; Fisher John J disposed a total of 650,000 shares at an average price of $30.41, amounting to approximately $19,766,500. The insider now directly owns 46,444,202 shares worth $1,583,282,846.

The Gap, Inc. (GPS) Analyst Guide

Several analysts have released their opinion on The Gap, Inc. (NYSE:GPS), with 4 analysts believing it is a strong buy. Whereas 12 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 2 strong sell ratings, collectively assigning a 2.84 average brokerage recommendation.

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