Xencor Inc (NASDAQ:XNCR) – Cantor Fitzgerald issued their FY2019 earnings per share (EPS) estimates for Xencor in a research note issued on Monday. Cantor Fitzgerald analyst W. Tanner expects that the biopharmaceutical company will earn ($2.12) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $33.00 target price on the stock.

A number of other equities analysts have also issued reports on the stock. BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of Xencor from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $35.00 price objective on shares of Xencor in a research report on Sunday, November 12th. ValuEngine lowered shares of Xencor from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, Canaccord Genuity set a $36.00 price objective on shares of Xencor and gave the company a “buy” rating in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Xencor has an average rating of “Hold” and a consensus target price of $30.80.

Shares of Xencor (NASDAQ XNCR) traded up $0.24 on Wednesday, hitting $23.16. 111,685 shares of the stock were exchanged, compared to its average volume of 143,933. The stock has a market capitalization of $1,090.00, a price-to-earnings ratio of -22.93 and a beta of 2.09. Xencor has a twelve month low of $18.55 and a twelve month high of $28.64.

A number of institutional investors have recently added to or reduced their stakes in XNCR. FMR LLC lifted its holdings in Xencor by 77.7% in the second quarter. FMR LLC now owns 6,690,258 shares of the biopharmaceutical company’s stock valued at $141,232,000 after acquiring an additional 2,924,510 shares during the period. State Street Corp lifted its holdings in Xencor by 11.1% in the second quarter. State Street Corp now owns 1,103,455 shares of the biopharmaceutical company’s stock valued at $23,295,000 after acquiring an additional 110,474 shares during the period. Artal Group S.A. acquired a new stake in Xencor in the third quarter valued at $2,292,000. JPMorgan Chase & Co. lifted its holdings in Xencor by 48.1% in the second quarter. JPMorgan Chase & Co. now owns 289,500 shares of the biopharmaceutical company’s stock valued at $6,112,000 after acquiring an additional 93,975 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Xencor by 5.6% in the second quarter. Vanguard Group Inc. now owns 1,701,209 shares of the biopharmaceutical company’s stock valued at $35,913,000 after acquiring an additional 90,094 shares during the period. 77.50% of the stock is owned by institutional investors.

In other Xencor news, major shareholder John S. Stafford III bought 50,000 shares of Xencor stock in a transaction on Thursday, November 2nd. The stock was bought at an average price of $19.58 per share, with a total value of $979,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder John S. Stafford III bought 24,653 shares of Xencor stock in a transaction on Wednesday, October 25th. The stock was acquired at an average cost of $20.01 per share, with a total value of $493,306.53. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 278,535 shares of company stock worth $5,526,936. 4.03% of the stock is currently owned by insiders.

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Xencor Company Profile

Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.

Earnings History and Estimates for Xencor (NASDAQ:XNCR)

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