Ruffer LLP acquired a new position in shares of Exelixis, Inc. (NASDAQ:EXEL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 110,757 shares of the biotechnology company's stock, valued at approximately $3,688,000.
A number of other institutional investors also recently modified their holdings of EXEL. USA Financial Formulas bought a new position in Exelixis in the fourth quarter valued at approximately $32,000. Principal Securities Inc. raised its position in Exelixis by 62.8% during the fourth quarter. Principal Securities Inc. now owns 967 shares of the biotechnology company's stock worth $32,000 after acquiring an additional 373 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Exelixis in the fourth quarter valued at $39,000. Brooklyn Investment Group bought a new stake in shares of Exelixis in the 3rd quarter valued at about $42,000. Finally, UMB Bank n.a. lifted its stake in Exelixis by 68.4% in the 4th quarter. UMB Bank n.a. now owns 1,361 shares of the biotechnology company's stock valued at $45,000 after purchasing an additional 553 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Exelixis
In other news, EVP Patrick J. Haley sold 10,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.80, for a total transaction of $388,000.00. Following the transaction, the executive vice president now owns 341,028 shares of the company's stock, valued at $13,231,886.40. This represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bob Oliver sold 18,647 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $37.25, for a total value of $694,600.75. Following the completion of the transaction, the director now owns 33,514 shares in the company, valued at approximately $1,248,396.50. The trade was a 35.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,343 shares of company stock valued at $5,177,234. 2.85% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms have issued reports on EXEL. Piper Sandler upped their price objective on Exelixis from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Oppenheimer lowered shares of Exelixis from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $41.00 to $33.00 in a research report on Friday, January 24th. Brookline Capital Management initiated coverage on Exelixis in a report on Monday, December 23rd. They set a "buy" rating for the company. Morgan Stanley raised shares of Exelixis from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $30.00 to $40.00 in a research report on Monday, January 27th. Finally, Stifel Nicolaus raised their target price on shares of Exelixis from $30.00 to $36.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exelixis presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.59.
Check Out Our Latest Analysis on Exelixis
Exelixis Stock Down 1.1 %
Exelixis stock traded down $0.40 during trading hours on Thursday, hitting $36.80. The stock had a trading volume of 2,418,387 shares, compared to its average volume of 2,087,266. The business's 50 day simple moving average is $35.25 and its 200-day simple moving average is $32.33. Exelixis, Inc. has a one year low of $20.14 and a one year high of $40.02. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.13 and a beta of 0.57.
Exelixis (NASDAQ:EXEL - Get Free Report) last posted its earnings results on Tuesday, February 11th. The biotechnology company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). Exelixis had a return on equity of 23.52% and a net margin of 24.04%. Research analysts anticipate that Exelixis, Inc. will post 2.04 EPS for the current fiscal year.
Exelixis Company Profile
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Free Report)
Exelixis, Inc, an oncology company, focuses on the discovery, development, and commercialization of new medicines for difficult-to-treat cancers in the United States. The company offers CABOMETYX tablets for the treatment of patients with advanced renal cell carcinoma who received prior anti-angiogenic therapy; and COMETRIQ capsules for the treatment of progressive and metastatic medullary thyroid cancer.
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