5 Best Healthcare Stocks to Buy According to Greg Martinez’s Parkman Healthcare Partners

Page 5 of 5

1. DexCom, Inc. (NASDAQ:DXCM)

Parkman Healthcare Partners’ Stake Value: $24,859,000

Percentage of Parkman Healthcare Partners’ 13F Portfolio: 6.28%

Number of Hedge Fund Holders: 53

DexCom, Inc. (NASDAQ:DXCM) is the largest holding in Greg Martinez’s Parkman Healthcare Advisors’ Q3 portfolio, with the firm owning 45,458 shares in DexCom, Inc. (NASDAQ:DXCM), worth $24.85 million, representing 6.28% of the total investments for the third quarter. DexCom, Inc. (NASDAQ:DXCM) is a California-based manufacturer of glucose monitoring systems for diabetes management.

DexCom, Inc. (NASDAQ:DXCM), on October 28, announced Q3 earnings results. EPS for the third quarter came in at $0.89, beating estimates by $0.24. The $650.20 million revenue jumped almost 30% from the preceding-year quarter, exceeding estimated revenue by $33.09 million. 

Piper Sandler analyst Matt O’Brien on November 3 raised the price target on DexCom, Inc. (NASDAQ:DXCM) to $750 from $675 and kept an Overweight rating on the shares.

A total of 53 hedge funds monitored by Insider Monkey as of Q3 2021 reported owning stakes in DexCom, Inc. (NASDAQ:DXCM), worth $1.78 billion, with Stephen Mandel’s Lone Pine Capital being the biggest company stakeholder. 

Here is what Carillon Tower Advisers has to say about DexCom, Inc. (NASDAQ:DXCM) in their Q4 2020 investor letter:

“DexCom, a developer and manufacturer of continuous glucose monitors (CGMs) for people with diabetes, saw its share price suffer in the quarter after an announcement from its largest competitor that it had finally developed a CGM that appears to be competitive with Dexcom’s flagship G6 sensor. Until the competitive dynamics are sorted out, we feel as though the firm’s shares could remain range-bound, leading us to exit the position.”

You can also take a look at Frank Fu’s CaaS Capital Portfolio: Didi, Mastercard and More and Retirement Stock Portfolio: 10 Safe Tech Stocks To Consider.

Page 5 of 5