Altrafin AG Invests $8.91 Million in Novo Nordisk A/S $NVO

Altrafin AG bought a new position in shares of Novo Nordisk A/S (NYSE:NVOFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 175,183 shares of the company’s stock, valued at approximately $8,913,000. Novo Nordisk A/S makes up approximately 2.8% of Altrafin AG’s portfolio, making the stock its 14th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new position in Novo Nordisk A/S during the fourth quarter worth approximately $25,000. WealthCollab LLC increased its position in Novo Nordisk A/S by 93.5% during the fourth quarter. WealthCollab LLC now owns 538 shares of the company’s stock worth $27,000 after buying an additional 260 shares during the period. American National Bank & Trust acquired a new position in Novo Nordisk A/S during the fourth quarter worth approximately $28,000. Maseco LLP acquired a new position in Novo Nordisk A/S during the fourth quarter worth approximately $29,000. Finally, Jackson Grant Investment Advisers Inc. acquired a new position in Novo Nordisk A/S during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 11.54% of the company’s stock.

Key Headlines Impacting Novo Nordisk A/S

Here are the key news stories impacting Novo Nordisk A/S this week:

Wall Street Analyst Weigh In

Several research analysts have commented on NVO shares. Weiss Ratings lowered Novo Nordisk A/S from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Novo Nordisk A/S in a research report on Tuesday, February 24th. Kepler Capital Markets lowered Novo Nordisk A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Morgan Stanley raised Novo Nordisk A/S from an “underweight” rating to an “equal weight” rating and set a $40.00 price target on the stock in a research report on Tuesday, March 3rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $41.00 price target (down from $63.00) on shares of Novo Nordisk A/S in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Novo Nordisk A/S presently has an average rating of “Hold” and an average price target of $65.56.

Get Our Latest Research Report on NVO

Novo Nordisk A/S Trading Down 0.1%

Shares of NVO stock opened at $43.90 on Friday. The business’s 50 day moving average is $42.28 and its two-hundred day moving average is $46.00. Novo Nordisk A/S has a twelve month low of $35.12 and a twelve month high of $81.44. The company has a market capitalization of $196.02 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 3.92 and a beta of 0.78. The company has a current ratio of 0.79, a quick ratio of 0.56 and a debt-to-equity ratio of 0.59.

Novo Nordisk A/S (NYSE:NVOGet Free Report) last announced its earnings results on Tuesday, March 31st. The company reported $1.03 earnings per share for the quarter. Novo Nordisk A/S had a return on equity of 63.31% and a net margin of 37.23%.The company had revenue of $10.85 billion for the quarter. Equities analysts forecast that Novo Nordisk A/S will post 3.45 EPS for the current year.

Novo Nordisk A/S Profile

(Free Report)

Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd, Denmark, best known for its leadership in diabetes care and metabolic health. The company traces its roots to early Danish insulin production in the 1920s and was established in its current form through a 1989 merger of predecessor companies. Novo Nordisk develops, manufactures and markets pharmaceutical products and devices that address chronic and serious diseases, with a strong emphasis on long-term treatment and patient support.

The company’s core product portfolio centers on diabetes therapies, including a range of insulins and modern incretin-based treatments.

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Institutional Ownership by Quarter for Novo Nordisk A/S (NYSE:NVO)

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