Galapagos NV (GLPG) Shares Sold by Jane Street Group LLC
Jane Street Group LLC lowered its position in shares of Galapagos NV (NASDAQ:GLPG) by 38.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,254 shares of the biotechnology company’s stock after selling 45,885 shares during the quarter. Jane Street Group LLC owned approximately 0.14% of Galapagos worth $7,454,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of Galapagos by 254.3% during the second quarter. Royal Bank of Canada now owns 4,170 shares of the biotechnology company’s stock valued at $319,000 after acquiring an additional 2,993 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Galapagos by 18.8% in the first quarter. Bank of America Corp DE now owns 4,379 shares of the biotechnology company’s stock valued at $377,000 after purchasing an additional 694 shares during the last quarter. FNY Partners Fund LP increased its holdings in shares of Galapagos by 1,218.2% in the second quarter. FNY Partners Fund LP now owns 14,500 shares of the biotechnology company’s stock valued at $1,109,000 after purchasing an additional 13,400 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Galapagos in the second quarter valued at approximately $214,000. Finally, Northern Trust Corp increased its holdings in shares of Galapagos by 2.9% in the second quarter. Northern Trust Corp now owns 18,480 shares of the biotechnology company’s stock valued at $1,414,000 after purchasing an additional 524 shares during the last quarter. 19.71% of the stock is owned by institutional investors and hedge funds.
Shares of Galapagos NV (GLPG) opened at $85.07 on Friday. Galapagos NV has a one year low of $57.92 and a one year high of $104.12.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Galapagos from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Stifel Nicolaus increased their price target on Galapagos from $101.00 to $120.00 and gave the company a “buy” rating in a report on Friday, September 15th. Royal Bank Of Canada assumed coverage on Galapagos in a report on Thursday, September 14th. They issued a “sector perform” rating and a $98.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $123.00 price target (up previously from $92.00) on shares of Galapagos in a report on Friday, October 6th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $118.00 price target on shares of Galapagos in a report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Galapagos presently has an average rating of “Hold” and a consensus target price of $111.00.
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Galapagos Company Profile
Galapagos NV is a Belgium-based biotechnology company. The Company’s activities are divided into two operating divisions: Research and Development (R & D) and Services. The R & D division is engaged in the discovery and development of small molecules. The Services division, offers target-to-drug discovery products and services to pharmaceutical and biotechnology companies and to patient foundations, encompassing target discovery and validation, screening and drug discovery through to delivery of pre-clinical candidates.
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