AbbVie Inc. $ABBV Shares Sold by Alps Advisors Inc.

Market Beat
2026.02.08 08:29
portai
I'm PortAI, I can summarize articles.

Alps Advisors Inc. reduced its holdings in AbbVie Inc. (NYSE:ABBV) by 26.7% in Q3, now owning 121,867 shares valued at $28.2 million. Other institutional investors, including Norges Bank and Vanguard Group, have also adjusted their stakes in AbbVie. The stock opened at $223.50, with a market cap of $395.01 billion. AbbVie reported Q4 earnings of $2.71 EPS, exceeding estimates, and projected FY 2026 EPS guidance between 14.370-14.570. Analysts remain optimistic about AbbVie’s growth prospects, particularly in immunology drugs, despite some near-term volatility.