Victory Capital Management Inc. decreased its holdings in shares of Exelixis, Inc. (NASDAQ:EXEL - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,650 shares of the biotechnology company's stock after selling 52,528 shares during the quarter. Victory Capital Management Inc.'s holdings in Exelixis were worth $2,786,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of EXEL. CIBC Asset Management Inc acquired a new stake in Exelixis during the third quarter worth about $227,000. Natixis Advisors LLC increased its stake in shares of Exelixis by 26.2% in the third quarter. Natixis Advisors LLC now owns 29,113 shares of the biotechnology company's stock valued at $755,000 after purchasing an additional 6,051 shares during the period. Seizert Capital Partners LLC increased its stake in shares of Exelixis by 8.0% in the third quarter. Seizert Capital Partners LLC now owns 469,940 shares of the biotechnology company's stock valued at $12,195,000 after purchasing an additional 34,875 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Exelixis in the third quarter valued at approximately $1,972,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Exelixis by 3.2% in the third quarter. Advisors Asset Management Inc. now owns 19,853 shares of the biotechnology company's stock valued at $515,000 after purchasing an additional 609 shares during the period. Institutional investors and hedge funds own 85.27% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on EXEL shares. Bank of America lowered shares of Exelixis from a "buy" rating to a "neutral" rating and raised their price target for the company from $35.00 to $39.00 in a research note on Tuesday, December 17th. Barclays upped their price target on shares of Exelixis from $25.00 to $29.00 and gave the company an "equal weight" rating in a research report on Thursday, February 13th. UBS Group increased their target price on shares of Exelixis from $30.00 to $34.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. HC Wainwright restated a "buy" rating and set a $40.00 price target on shares of Exelixis in a report on Thursday, February 13th. Finally, Royal Bank of Canada raised their price target on shares of Exelixis from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Exelixis currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.59.
Read Our Latest Stock Report on EXEL
Insider Activity at Exelixis
In other Exelixis news, Director Mary C. Beckerle sold 12,210 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $34.88, for a total value of $425,884.80. Following the completion of the transaction, the director now directly owns 30,406 shares of the company's stock, valued at approximately $1,060,561.28. The trade was a 28.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick J. Haley sold 52,636 shares of Exelixis stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $36.98, for a total transaction of $1,946,479.28. Following the sale, the executive vice president now owns 303,310 shares of the company's stock, valued at approximately $11,216,403.80. This represents a 14.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,343 shares of company stock valued at $5,177,234 in the last ninety days. Insiders own 2.85% of the company's stock.
Exelixis Price Performance
Shares of Exelixis stock traded down $0.63 during trading on Tuesday, hitting $36.39. 855,494 shares of the company's stock traded hands, compared to its average volume of 2,067,000. Exelixis, Inc. has a twelve month low of $20.14 and a twelve month high of $40.02. The company has a market cap of $10.19 billion, a PE ratio of 20.57, a PEG ratio of 1.13 and a beta of 0.57. The firm's fifty day moving average price is $35.44 and its 200 day moving average price is $32.60.
Exelixis (NASDAQ:EXEL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The biotechnology company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.03). Exelixis had a net margin of 24.04% and a return on equity of 23.52%. As a group, equities research analysts anticipate that Exelixis, Inc. will post 2.04 earnings per share for the current 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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