Davidson Investment Advisors Sells Off 23.7% Stake in Goldman Sachs

Davidson Investment Advisors has reduced its stake in The Goldman Sachs Group by 23.7% during the second quarter, according to its latest SEC filing.

The firm owned 24,653 shares of GS after selling 7,674 shares during the period. This represents approximately 1.0% of Davidson's portfolio, making it the company's 28th biggest holding.

The value of Davidson's holdings in The Goldman Sachs Group was $24,933,000 as of its most recent SEC filing.

Several other large investors have also made significant adjustments to their positions in GS during the quarter. Norges Bank purchased a new stake worth $2,515,830,000, while Corient Private Wealth LLC increased its holdings by 1,657.7% and now owns 2,596,487 shares valued at $2,282,312,000.

The Goldman Sachs Group has been the subject of several analyst reports in recent weeks, with Oppenheimer lowering its rating from 'market perform' to 'underperform', while BNP Paribas Exane reduced their price target on GS from $970.00 to $940.00.