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OneDigital Invests in Home Depot Amid Earnings Beat

Guavy AI Editorial Team
Instruments
HD
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OneDigital Investment Advisors LLC has acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter. The fund purchased approximately 32,539 shares valued at about $11.5 million.

This is not an isolated incident as several other institutional investors and hedge funds have also modified their holdings of HD. In total, 70.86% of the stock is owned by institutional investors.

The Home Depot reported its quarterly earnings data on August 18th, exceeding consensus estimates with $4.92 earnings per share for the quarter. The company's revenue was up 5.7% compared to the same quarter last year.

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