Insider Selling: Leonard Bell Sells 5,912 Shares of Alexion Pharmaceuticals Stock (ALXN)
Alexion Pharmaceuticals (NASDAQ:ALXN) CEO Leonard Bell sold 5,912 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $169.17, for a total transaction of $1,000,133.04. Following the completion of the transaction, the chief executive officer now directly owns 1,021,274 shares in the company, valued at approximately $172,768,923. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Alexion Pharmaceuticals in a research note on Friday, July 25th. They now have a $224.00 price target on the stock, up previously from $222.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Alexion Pharmaceuticals in a research note on Friday, July 25th. They now have a $222.00 price target on the stock, up previously from $220.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Alexion Pharmaceuticals in a research note on Friday, July 25th. They now have a $220.00 price target on the stock, up previously from $210.00. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $183.00.
Alexion Pharmaceuticals (NASDAQ:ALXN) traded up 0.58% during mid-day trading on Friday, hitting $169.29. 703,599 shares of the company’s stock traded hands. Alexion Pharmaceuticals has a 52 week low of $100.89 and a 52 week high of $185.43. The stock’s 50-day moving average is $164.3 and its 200-day moving average is $163.2. The company has a market cap of $33.488 billion and a P/E ratio of 84.37.
Alexion Pharmaceuticals (NASDAQ:ALXN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $512.50 million for the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 38.5% on a year-over-year basis. On average, analysts predict that Alexion Pharmaceuticals will post $5.01 earnings per share for the current fiscal year.
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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