Alexion Pharmaceuticals CEO Leonard Bell Unloads 4,620 Shares (ALXN)
Alexion Pharmaceuticals (NASDAQ:ALXN) CEO Leonard Bell sold 4,620 shares of the stock on the open market in a transaction dated Friday, February 7th. The shares were sold at an average price of $155.56, for a total transaction of $718,687.20. Following the completion of the transaction, the chief executive officer now directly owns 986,696 shares in the company, valued at approximately $153,490,430. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Alexion Pharmaceuticals (NASDAQ:ALXN) traded up 3.96% during mid-day trading on Monday, hitting $170.11. 2,359,160 shares of the company’s stock traded hands. Alexion Pharmaceuticals has a 52 week low of $81.82 and a 52 week high of $171.09. The stock has a 50-day moving average of $140.5 and a 200-day moving average of $121.6. The company has a market cap of $33.415 billion and a P/E ratio of 128.84.
Alexion Pharmaceuticals (NASDAQ:ALXN) last released its earnings data on Thursday, January 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $441.90 million for the quarter, compared to the consensus estimate of $430.08 million. Analysts expect that Alexion Pharmaceuticals will post $3.87 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Alexion Pharmaceuticals from $125.00 to $205.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Alexion Pharmaceuticals from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $189.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Alexion Pharmaceuticals in a research note to investors on Tuesday, February 4th. They now have a $170.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. Alexion Pharmaceuticals currently has a consensus rating of “Buy” and an average target price of $159.61.
Alexion Pharmaceuticals, Inc (NASDAQ:ALXN) is a biopharmaceutical company focused on serving patients with severe and ultra-rare disorders through the development and commercialization of life-transforming therapeutic products.
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