MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in Elbit Systems Ltd. $ESLT

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 44.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,274 shares of the aerospace company’s stock after purchasing an additional 77,741 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Elbit Systems were worth $128,573,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Elbit Systems during the 3rd quarter worth approximately $26,000. Traub Capital Management LLC acquired a new stake in Elbit Systems during the 2nd quarter valued at $31,000. Financial Consulate Inc. acquired a new stake in Elbit Systems during the 3rd quarter valued at $60,000. SBI Securities Co. Ltd. increased its position in Elbit Systems by 20.9% during the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock worth $83,000 after buying an additional 32 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Elbit Systems by 24.4% during the third quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock worth $97,000 after buying an additional 38 shares in the last quarter. 17.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ESLT has been the topic of several recent research reports. Morgan Stanley assumed coverage on Elbit Systems in a research report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price objective on the stock. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. boosted their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $550.33.

Elbit Systems Trading Up 0.4%

Shares of Elbit Systems stock opened at $874.50 on Tuesday. Elbit Systems Ltd. has a fifty-two week low of $354.68 and a fifty-two week high of $960.00. The business’s fifty day moving average is $743.85 and its two-hundred day moving average is $587.73. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. The firm has a market cap of $38.87 billion, a PE ratio of 88.87, a P/E/G ratio of 2.64 and a beta of 0.22.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.