Pictet Asset Management Holding SA Acquires Shares of 63,194 Echostar CORP $ECHO

Posted by George Bondi on Aug 15th, 2026

Pictet Asset Management Holding SA bought a new position in shares of Echostar CORP (NASDAQ:ECHO – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 63,194 shares of the company’s stock, valued at approximately $6,414,000.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of Echostar by 6.0% in the first quarter. AQR Capital Management LLC now owns 26,805 shares of the company’s stock valued at $672,000 after buying an additional 1,511 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Echostar by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,482 shares of the company’s stock worth $1,854,000 after acquiring an additional 3,199 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Echostar by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 331,476 shares of the company’s stock worth $8,479,000 after acquiring an additional 24,749 shares in the last quarter. Strs Ohio purchased a new position in Echostar in the first quarter worth $128,000. Finally, Hsbc Holdings PLC raised its position in Echostar by 18.6% in the second quarter. Hsbc Holdings PLC now owns 13,528 shares of the company’s stock worth $377,000 after acquiring an additional 2,119 shares in the last quarter. 33.62% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Echostar

In related news, CEO Hamid Akhavan sold 52,586 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $121.00, for a total value of $6,362,906.00. Following the sale, the chief executive officer directly owned 865,633 shares of the company’s stock, valued at approximately $104,741,593. This represents a 5.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen J. Bye sold 8,508 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $89.83, for a total transaction of $764,273.64. Following the transaction, the director owned 653 shares of the company’s stock, valued at $58,658.99. This trade represents a 92.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 66,094 shares of company stock valued at $7,587,592 in the last 90 days. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. New Street Research set a $165.00 target price on shares of Echostar in a research report on Monday, June 15th. Citigroup cut their price target on shares of Echostar from $126.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Echostar from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Williams Trading set a $155.00 price objective on shares of Echostar in a research note on Monday, May 18th. Finally, TD Cowen decreased their price objective on shares of Echostar from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Echostar currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

Check Out Our Latest Research Report on Echostar

Echostar Stock Up 0.2%

Shares of ECHO stock opened at $91.89 on Friday. The firm has a market cap of $26.69 billion, a P/E ratio of -3.69 and a beta of 1.03. Echostar CORP has a 1 year low of $26.52 and a 1 year high of $147.25. The company has a quick ratio of 5.12, a current ratio of 5.20 and a debt-to-equity ratio of 1.13.

Echostar (NASDAQ:ECHO – Get Free Report) last posted its earnings results on Saturday, May 9th. The company reported ($0.51) EPS for the quarter. The firm had revenue of $3.67 billion for the quarter. Echostar had a negative return on equity of 1.28% and a negative net margin of 38.71%. As a group, equities analysts forecast that Echostar CORP will post -1.35 earnings per share for the current year.

About Echostar

(Free Report)

EchoStar Corporation is a communications company that provides satellite and wireless services, video distribution, and broadband connectivity solutions. Its business has historically been centered on satellite technology and related services, serving customers through a range of connectivity and network offerings.

The company operates through several segments that support pay-TV, enterprise, government, and consumer communications needs. Its services and technologies have included satellite television distribution, broadband satellite access, network infrastructure, and wireless communications capabilities.

EchoStar was founded in 1980 and has long been associated with satellite communications in the United States.