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JPMorgan Chase & Co. Decreases Position in Genmab A/S Sponsored ADR $GMAB
JPMorgan Chase & Co. significantly reduced its stake in Genmab A/S Sponsored ADR (NASDAQ:GMAB) by 87.3% in Q3, selling over 815,000 shares. Despite this reduction, other institutional investors like Paradigm Biocapital and Orbis Allan Gray increased their holdings in the biotech company, which has a market cap of $17.67 billion. Genmab recently missed EPS estimates but analysts maintain a “Moderate Buy” rating with a target price of $39.36.