Chinese Billionaire Zhang Lei is Selling These 5 Stocks

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In this article, we discuss the 5 stocks that Zhang Lei is selling. If you want to read about some more stocks that Zhang Lei is selling, go directly to Chinese Billionaire Zhang Lei is Selling These 10 Stocks.

05. Instil Bio, Inc. (NASDAQ:TIL)

Number of Hedge Fund Holders as of Q2 2022: 14

Instil Bio, Inc. (NASDAQ:TIL) was founded in 2018 and has its headquarters in Dallas, Texas. It’s a clinical-stage biopharmaceutical company that creates therapies to treat cancer patients. On September 6, Jack Allen, a Baird analyst, maintained an Outperform rating on the stock but cut his price target for Instil Bio, Inc. (NASDAQ:TIL) to $31 from $34.

Hedge fund sentiment around Instil Bio, Inc. (NASDAQ:TIL) has increased in the second quarter of 2022, with 14 hedge funds long the stock, compared to 11 in Q1 2022. Hillhouse Capital Management initiated its stake in Instil Bio, Inc. (NASDAQ:TIL) during Q1, 2021 by acquiring 2.38 million of its shares. The hedge fund kept its stake in the stock constant up until Q2, 2022 wherein its dumped its entire stake for $25.64 million.

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