Alexion Pharmaceuticals Inc. (ALXN) Shares Down 1.9%
Shares of Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) traded down 1.9% during trading on Wednesday . The company traded as low as $128.10 and last traded at $129.21, with a volume of 471,479 shares traded. The stock had previously closed at $131.73.
A number of analysts have commented on the stock. Cowen and Company reaffirmed a “buy” rating on shares of Alexion Pharmaceuticals in a report on Wednesday, June 8th. Credit Suisse Group AG raised shares of Alexion Pharmaceuticals from a “neutral” rating to an “outperform” rating in a research report on Saturday, July 9th. Zacks Investment Research raised shares of Alexion Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, May 30th. Royal Bank Of Canada assumed coverage on shares of Alexion Pharmaceuticals in a research report on Tuesday, July 12th. They set an “outperform” rating and a $188.00 price target on the stock. Finally, Vetr raised shares of Alexion Pharmaceuticals from a “buy” rating to a “strong-buy” rating and set a $171.50 price target on the stock in a research report on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $182.85.
The company has a market cap of $29.23 billion, a price-to-earnings ratio of 327.54 and a beta of 1.08. The company’s 50-day moving average price is $131.16 and its 200 day moving average price is $135.82.
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Alexion Pharmaceuticals (NASDAQ:ALXN) last released its quarterly earnings results on Thursday, July 28th. The biopharmaceutical company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by $0.04. Alexion Pharmaceuticals had a net margin of 3.19% and a return on equity of 10.02%. The firm had revenue of $753 million for the quarter, compared to the consensus estimate of $743.18 million. During the same period in the previous year, the business earned $1.44 earnings per share. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities research analysts forecast that Alexion Pharmaceuticals Inc. will post $4.65 earnings per share for the current year.
In related news, Director Alvin S. Parven sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $136.53, for a total transaction of $2,047,950.00. Following the completion of the sale, the director now owns 6,373 shares in the company, valued at $870,105.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carsten Thiel sold 3,225 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $128.67, for a total transaction of $414,960.75. Following the sale, the executive vice president now owns 40,354 shares of the company’s stock, valued at approximately $5,192,349.18. The disclosure for this sale can be found here. Corporate insiders own 4.41% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Alexion Pharmaceuticals during the first quarter worth about $114,000. NEXT Financial Group Inc increased its stake in Alexion Pharmaceuticals by 66.1% in the second quarter. NEXT Financial Group Inc now owns 1,106 shares of the biopharmaceutical company’s stock worth $129,000 after buying an additional 440 shares during the period. Bellwether Investment Group LLC bought a new stake in Alexion Pharmaceuticals during the second quarter worth about $172,000. Charlemagne Capital Ltd. bought a new stake in Alexion Pharmaceuticals during the second quarter worth about $191,000. Finally, Evercore Wealth Management LLC increased its stake in Alexion Pharmaceuticals by 5.0% in the second quarter. Evercore Wealth Management LLC now owns 1,735 shares of the biopharmaceutical company’s stock worth $203,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 96.34% of the company’s stock.
Alexion Pharmaceuticals Company Profile
Alexion Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of life-transforming therapeutic products. The Company operates through innovation, development and commercialization of life-transforming therapeutic products segment. The Company’s marketed products include Soliris (eculizumab), Strensiq (asfotase alfa) and Kanuma (sebelipase alfa).
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