Axa Acquires Shares of 29,755 Intercept Pharmaceuticals Inc (ICPT)

Axa acquired a new position in Intercept Pharmaceuticals Inc (NASDAQ:ICPT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,755 shares of the biopharmaceutical company’s stock, valued at approximately $3,760,000. Axa owned 0.10% of Intercept Pharmaceuticals as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Strs Ohio purchased a new position in Intercept Pharmaceuticals in the third quarter worth approximately $126,000. Chicago Equity Partners LLC purchased a new position in Intercept Pharmaceuticals in the third quarter worth approximately $215,000. GWM Advisors LLC purchased a new position in Intercept Pharmaceuticals in the third quarter worth approximately $220,000. Tocqueville Asset Management L.P. acquired a new position in Intercept Pharmaceuticals during the second quarter worth $252,000. Finally, United Services Automobile Association acquired a new position in Intercept Pharmaceuticals during the second quarter worth $280,000. Institutional investors own 63.20% of the company’s stock.

A number of research analysts have commented on ICPT shares. Zacks Investment Research upgraded Intercept Pharmaceuticals from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Tuesday, November 13th. Wedbush set a $220.00 price target on Intercept Pharmaceuticals and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Cantor Fitzgerald restated an “overweight” rating and set a $170.00 price target on shares of Intercept Pharmaceuticals in a research note on Monday, October 1st. Roth Capital started coverage on Intercept Pharmaceuticals in a research note on Wednesday, September 12th. They set a “buy” rating and a $192.00 price target on the stock. Finally, Goldman Sachs Group upgraded Intercept Pharmaceuticals from a “sell” rating to a “buy” rating and upped their price target for the stock from $46.00 to $157.00 in a research note on Monday, August 6th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Intercept Pharmaceuticals presently has an average rating of “Buy” and a consensus price target of $148.25.

NASDAQ:ICPT opened at $110.91 on Monday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -7.71 and a beta of -1.08. The company has a debt-to-equity ratio of 3.83, a quick ratio of 5.98 and a current ratio of 5.98. Intercept Pharmaceuticals Inc has a 52 week low of $51.05 and a 52 week high of $133.74.

Intercept Pharmaceuticals (NASDAQ:ICPT) last announced its quarterly earnings data on Wednesday, October 31st. The biopharmaceutical company reported ($2.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.65) by $0.47. The business had revenue of $47.00 million for the quarter, compared to analysts’ expectations of $48.24 million. Intercept Pharmaceuticals had a negative return on equity of 645.54% and a negative net margin of 202.93%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned ($2.89) earnings per share. As a group, analysts anticipate that Intercept Pharmaceuticals Inc will post -10.35 EPS for the current fiscal year.

In other news, insider David Shapiro sold 759 shares of the stock in a transaction on Friday, October 5th. The stock was sold at an average price of $110.65, for a total value of $83,983.35. Following the sale, the insider now directly owns 39,152 shares in the company, valued at $4,332,168.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Weyer sold 1,343 shares of the stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $113.78, for a total value of $152,806.54. Following the completion of the sale, the executive vice president now owns 17,162 shares in the company, valued at $1,952,692.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,444 shares of company stock worth $6,383,435. Insiders own 4.90% of the company’s stock.

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Intercept Pharmaceuticals Profile

Intercept Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics in the United States, Europe, and Canada. Its lead product candidate is obeticholic acid (OCA), a bile acid analog, which has a structure based on a naturally occurring human bile acid that selectively binds to and activates the farnesoid X receptor (FXR).

Further Reading: Momentum Indicator: Relative Strength Index

Institutional Ownership by Quarter for Intercept Pharmaceuticals (NASDAQ:ICPT)

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