According to Zacks, “Babylon Holdings Limited is a digital healthcare company. Babylon Holdings Limited, formerly known as Alkuri Global Acquisition Corp., is based in PALO ALTO, Calif. “
A number of other research analysts have also recently issued reports on the stock. Canaccord Genuity Group reduced their price objective on shares of Babylon from $14.00 to $8.00 and set a “buy” rating for the company in a report on Friday, March 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Babylon in a report on Wednesday, January 12th. They set a “buy” rating and a $9.00 price objective for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $10.50.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN bought a new stake in Babylon in the fourth quarter worth about $58,000. Mirabella Financial Services LLP bought a new stake in Babylon in the fourth quarter worth about $63,000. JPMorgan Chase & Co. bought a new stake in Babylon in the fourth quarter worth about $63,000. Goldman Sachs Group Inc. bought a new stake in Babylon in the fourth quarter worth about $66,000. Finally, Penserra Capital Management LLC bought a new stake in Babylon in the fourth quarter worth about $137,000. 62.45% of the stock is currently owned by institutional investors.
Babylon Company Profile (Get Rating)
Babylon Holdings Limited operates as a digital healthcare company. The company provides assistance to navigate the health system by connecting patients digitally to the clinicians. It operates in the United Kingdom, the United States, the Asia Pacific, Canada, and internationally. The company was founded in 2013 and is headquartered in London, the United Kingdom.
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