FMR LLC & Abigail Johnson Trim Guardant Health Stake to 4.504%

TL;DR

**FMR LLC cut its GH stake to 4.504%, watch for market reaction.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Guardant Health, Inc. (GH) through an SC 13G/A filing on February 9, 2024. They now collectively beneficially own 5,317,574 shares, representing 4.504% of Guardant Health's common stock. This is a decrease from their previous holdings, indicating a slight reduction in their investment, which could signal a shift in their confidence or portfolio strategy for GH stock.

Why It Matters

This filing shows a significant institutional investor, FMR LLC, has reduced its stake in Guardant Health, which could be interpreted by the market as a less bullish outlook on the company's future performance.

Risk Assessment

Risk Level: medium — A reduction in ownership by a major institutional investor like FMR LLC can sometimes signal potential concerns or a re-evaluation of the stock's prospects, introducing moderate risk for current and prospective investors.

Analyst Insight

Investors should monitor Guardant Health's upcoming earnings reports and news for any specific reasons behind FMR LLC's reduced stake. Consider if this reduction aligns with your own investment thesis or if it signals a need to re-evaluate your position.

Key Numbers

• 5,317,574 — Shares Beneficially Owned (This is the total number of Guardant Health shares FMR LLC and Abigail P. Johnson now collectively own.)
• 4.504% — Percent of Class (This represents the percentage of Guardant Health's common stock owned by FMR LLC and Abigail P. Johnson.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
• Guardant Health, Inc. (company) — issuer of the common stock
• 5,317,574 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
• 4.504% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson

Forward-Looking Statements

• Guardant Health's stock price may experience short-term downward pressure due to the reduction in institutional ownership. (Guardant Health, Inc.) — medium confidence, target: Within 1-3 months

FAQ

From the Filing

0000315066-24-001153.txt : 20240209 0000315066-24-001153.hdr.sgml : 20240209 20240209090302 ACCESSION NUMBER: 0000315066-24-001153 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Guardant Health, Inc. CENTRAL INDEX KEY: 0001576280 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 454139254 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90826 FILM NUMBER: 24611628 BUSINESS ADDRESS: STREET 1: 3100 HANOVER STREET CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 855-698-8887 MAIL ADDRESS: STREET 1: 3100 HANOVER STREET CITY: PALO ALTO STATE: CA ZIP: 94304 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.4 GUARDANT HEALTH INC COMMON STOCK Cusip #40131M109 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #40131M109 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 5,244,420 Item 6: 0 Item 7: 5,317,574 Item 8: 0 Item 9: 5,317,574 Item 11: 4.504% Item 12: HC Cusip #40131M109 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 5,317,574 Item 8: 0 Item 9: 5,317,574 Item 11: 4.504% Item 12: IN Item 1(a). Name of Issuer: GUARDANT HEALTH INC Item 1(b). Address of Issuer's Principal Executive Offices: 3100 HANOVER STREET PALO ALTO, CA 94304 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 40131M109 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 5,317,574 (b) Percent of Class: 4.504% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 5,317,574 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of GUARDANT HEALTH INC. No one other person's interest in the COMMON STOCK of GUARDANT HEALTH INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classificati