XTX Topco Ltd Acquires Shares of 17,757 Koninklijke Philips (NYSE:PHG)

XTX Topco Ltd purchased a new stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,757 shares of the technology company's stock, valued at approximately $447,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mondrian Investment Partners LTD increased its holdings in Koninklijke Philips by 45.1% in the 1st quarter. Mondrian Investment Partners LTD now owns 9,553,058 shares of the technology company's stock worth $191,061,000 after buying an additional 2,971,008 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Koninklijke Philips by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company's stock worth $101,718,000 after acquiring an additional 864,951 shares during the period. Jane Street Group LLC raised its holdings in shares of Koninklijke Philips by 361.7% during the first quarter. Jane Street Group LLC now owns 629,136 shares of the technology company's stock worth $12,583,000 after purchasing an additional 492,881 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Koninklijke Philips by 36.4% during the first quarter. Russell Investments Group Ltd. now owns 1,410,067 shares of the technology company's stock valued at $28,201,000 after purchasing an additional 376,244 shares during the period. Finally, OLD Mission Capital LLC boosted its holdings in Koninklijke Philips by 434.9% in the fourth quarter. OLD Mission Capital LLC now owns 434,282 shares of the technology company's stock valued at $10,132,000 after purchasing an additional 353,096 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Koninklijke Philips Stock Performance

Shares of NYSE PHG opened at $30.80 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The firm's 50 day simple moving average is $29.06 and its 200-day simple moving average is $25.91. Koninklijke Philips has a 12 month low of $17.75 and a 12 month high of $31.50.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The technology company reported $0.32 earnings per share for the quarter. Koninklijke Philips had a negative net margin of 2.35% and a positive return on equity of 10.15%. The business had revenue of $4.80 billion during the quarter. As a group, sell-side analysts anticipate that Koninklijke Philips will post 1.56 EPS for the current year.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.