Oakbrook Investments LLC Buys New Stake in Regeneron Pharmaceuticals Inc (REGN)
Oakbrook Investments LLC bought a new stake in Regeneron Pharmaceuticals Inc (NASDAQ:REGN) during the first quarter, Holdings Channel reports. The firm bought 6,125 shares of the biopharmaceutical company’s stock, valued at approximately $2,373,000.
A number of other large investors have also recently bought and sold shares of the company. WFG Advisors LP raised its stake in Regeneron Pharmaceuticals by 12,358.3% in the fourth quarter. WFG Advisors LP now owns 7,475 shares of the biopharmaceutical company’s stock valued at $119,000 after buying an additional 7,415 shares during the period. Alpha Windward LLC raised its stake in Regeneron Pharmaceuticals by 4.4% in the first quarter. Alpha Windward LLC now owns 383 shares of the biopharmaceutical company’s stock valued at $148,000 after buying an additional 16 shares during the period. Live Your Vision LLC purchased a new stake in Regeneron Pharmaceuticals during the third quarter valued at $157,000. Blenheim Capital Management BV purchased a new stake in Regeneron Pharmaceuticals during the fourth quarter valued at $160,000. Finally, March Altus Capital Management LP purchased a new stake in Regeneron Pharmaceuticals during the third quarter valued at $201,000. Institutional investors own 68.83% of the company’s stock.
Shares of Regeneron Pharmaceuticals Inc (NASDAQ:REGN) traded up 1.47% on Thursday, hitting $376.40. 767,935 shares of the stock were exchanged. Regeneron Pharmaceuticals Inc has a 1-year low of $325.35 and a 1-year high of $452.96. The stock has a market cap of $39.70 billion, a price-to-earnings ratio of 48.89 and a beta of 1.44. The stock’s 50-day moving average is $379.53 and its 200-day moving average is $375.40.
Regeneron Pharmaceuticals (NASDAQ:REGN) last posted its quarterly earnings results on Thursday, February 9th. The biopharmaceutical company reported $3.04 EPS for the quarter, topping the consensus estimate of $3.03 by $0.01. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.30 billion. Regeneron Pharmaceuticals had a net margin of 18.10% and a return on equity of 22.51%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $2.83 earnings per share. Analysts forecast that Regeneron Pharmaceuticals Inc will post $12.92 earnings per share for the current year.
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Several equities research analysts have weighed in on the stock. Leerink Swann set a $448.00 target price on shares of Regeneron Pharmaceuticals and gave the stock a “buy” rating in a report on Saturday, February 11th. Robert W. Baird reiterated a “neutral” rating and issued a $369.00 target price (down from $379.00) on shares of Regeneron Pharmaceuticals in a report on Sunday, January 8th. Morgan Stanley set a $370.00 target price on shares of Regeneron Pharmaceuticals and gave the stock a “hold” rating in a report on Monday, January 9th. Credit Suisse Group AG reiterated a “buy” rating and issued a $485.00 target price on shares of Regeneron Pharmaceuticals in a report on Friday, February 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $598.00 target price (down from $626.00) on shares of Regeneron Pharmaceuticals in a report on Friday, January 6th. Fourteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $432.97.
In other Regeneron Pharmaceuticals news, Director Michael S. Brown sold 1,000 shares of Regeneron Pharmaceuticals stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $400.00, for a total transaction of $400,000.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $400,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.40% of the company’s stock.
About Regeneron Pharmaceuticals
Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.
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