Pictet Asset Management Holding SA Sells 17,018 Shares of DaVita Inc. $DVA

Market Beat
2026.05.07 08:53
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Pictet Asset Management Holding SA has reduced its stake in DaVita Inc. by 69.2%, selling 17,018 shares in the fourth quarter, leaving it with 7,558 shares valued at $859,000. Other investors, including Elevation Wealth Partners and Canada Pension Plan Investment Board, have also adjusted their holdings. DaVita's stock has received mixed analyst ratings, with a consensus rating of "Hold" and a target price of $166.50. The company reported strong Q1 results, raising its FY2026 EPS guidance, but faces challenges from institutional selling and mixed profitability metrics.