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Labcorp Holdings Inc. (NYSE:LH), a prominent healthcare services provider with a market capitalization of $21.7 billion, saw Director Kerrii B. Anderson recently sell 500 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $260.00 each, totaling $130,000. Following this transaction, Anderson holds 12,666 shares directly. The sale was conducted under a prearranged trading plan in accordance with Rule 10b5-1. The transaction comes as the stock trades near its 52-week high of $262.12, with InvestingPro data indicating overbought conditions. Despite this insider sale, analysts maintain a bullish outlook with a consensus target suggesting further upside potential. For deeper insights into insider trading patterns and 8 additional exclusive ProTips, explore InvestingPro’s comprehensive analysis.
In other recent news, Labcorp Holdings Inc. reported its Q1 2025 earnings, showing a revenue increase to $3.3 billion, up 5.3% year-over-year, but missing the forecasted $3.41 billion. The company achieved an adjusted EPS of $3.84, slightly surpassing the expected $3.78. Morgan Stanley (NYSE:MS) raised Labcorp’s stock price target to $283.00, maintaining an Overweight rating, citing durable demand and growth prospects. Similarly, Mizuho (NYSE:MFG) Securities lifted its price target to $274, keeping an Outperform rating, reflecting confidence in the company’s earnings visibility. Labcorp shareholders recently approved the 2025 Omnibus Incentive Plan and the 2025 Employee Stock Purchase Plan, aligning employee and shareholder interests. Additionally, Labcorp announced new product launches, including LabCorp Plasma Complete and genetic risk panel tests, as part of its strategic focus on high-growth areas. These developments come as Labcorp continues to navigate a challenging macroeconomic environment, maintaining a stable outlook with ongoing strategic partnerships and innovation.
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