Regeneron Pharmaceuticals, Inc. (REGN) Holdings Reduced by Zevenbergen Capital Investments LLC
Zevenbergen Capital Investments LLC lessened its position in shares of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 142,685 shares of the biopharmaceutical company’s stock after selling 3,925 shares during the quarter. Regeneron Pharmaceuticals makes up about 2.8% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 14th largest position. Zevenbergen Capital Investments LLC owned about 0.13% of Regeneron Pharmaceuticals worth $63,797,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC purchased a new stake in Regeneron Pharmaceuticals in the 2nd quarter valued at about $130,000. Sterling Investment Advisors Ltd. grew its holdings in Regeneron Pharmaceuticals by 11.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 278 shares of the biopharmaceutical company’s stock valued at $137,000 after buying an additional 28 shares during the period. FNY Partners Fund LP grew its holdings in Regeneron Pharmaceuticals by 200.0% in the 2nd quarter. FNY Partners Fund LP now owns 300 shares of the biopharmaceutical company’s stock valued at $147,000 after buying an additional 200 shares during the period. IFP Advisors Inc grew its holdings in Regeneron Pharmaceuticals by 33.2% in the 2nd quarter. IFP Advisors Inc now owns 385 shares of the biopharmaceutical company’s stock valued at $189,000 after buying an additional 96 shares during the period. Finally, Virtu KCG Holdings LLC purchased a new stake in Regeneron Pharmaceuticals in the 2nd quarter valued at about $206,000. 66.51% of the stock is owned by institutional investors and hedge funds.
In related news, Director Charles A. Baker sold 2,000 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $450.00, for a total transaction of $900,000.00. Following the completion of the transaction, the director now directly owns 11,000 shares in the company, valued at approximately $4,950,000. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael S. Brown sold 1,500 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $475.00, for a total value of $712,500.00. The disclosure for this sale can be found here. Insiders sold a total of 4,779 shares of company stock valued at $2,248,467 over the last quarter. Company insiders own 10.80% of the company’s stock.
REGN has been the subject of several recent analyst reports. UBS AG restated a “buy” rating and issued a $535.00 price target (up previously from $489.00) on shares of Regeneron Pharmaceuticals in a report on Friday, August 4th. Citigroup Inc. lifted their price objective on Regeneron Pharmaceuticals from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Canaccord Genuity set a $522.00 price objective on Regeneron Pharmaceuticals and gave the company a “buy” rating in a research note on Thursday, August 3rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $485.00 price objective on shares of Regeneron Pharmaceuticals in a research note on Monday, September 11th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $540.00 price objective on shares of Regeneron Pharmaceuticals in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Regeneron Pharmaceuticals has a consensus rating of “Hold” and a consensus target price of $475.34.
Shares of Regeneron Pharmaceuticals, Inc. (REGN) opened at $384.85 on Monday. Regeneron Pharmaceuticals, Inc. has a twelve month low of $340.09 and a twelve month high of $543.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.63 and a quick ratio of 3.07. The firm has a market capitalization of $41,347.90, a P/E ratio of 33.32, a PEG ratio of 1.51 and a beta of 1.56.
Regeneron Pharmaceuticals (NASDAQ:REGN) last issued its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported $3.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.83 by $0.16. Regeneron Pharmaceuticals had a return on equity of 25.73% and a net margin of 23.17%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the business earned $3.13 EPS. The business’s quarterly revenue was up 23.0% on a year-over-year basis. sell-side analysts predict that Regeneron Pharmaceuticals, Inc. will post 13.55 earnings per share for the current fiscal year.
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Regeneron Pharmaceuticals Profile
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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