Xencor Inc (NASDAQ:XNCR) major shareholder John S. Stafford III bought 1,100 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of $29.90 per share, with a total value of $32,890.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

XNCR stock traded down $0.15 during trading on Tuesday, reaching $30.27. The stock had a trading volume of 85,380 shares, compared to its average volume of 218,693. Xencor Inc has a one year low of $27.57 and a one year high of $48.38. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -23.11 and a beta of 1.40.

Several research firms have recently commented on XNCR. Cantor Fitzgerald reissued an “overweight” rating on shares of Xencor in a research report on Friday, November 23rd. BidaskClub raised shares of Xencor from a “hold” rating to a “buy” rating in a research report on Tuesday, January 1st. Nomura downgraded shares of Xencor from a “neutral” rating to a “reduce” rating and reduced their price objective for the stock from $28.00 to $21.00 in a research report on Friday, February 22nd. Zacks Investment Research raised shares of Xencor from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday, December 20th. Finally, Raymond James assumed coverage on shares of Xencor in a research report on Thursday, March 14th. They issued an “outperform” rating and a $27.85 price objective for the company. Two equities research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Xencor currently has an average rating of “Buy” and a consensus target price of $40.43.

A number of hedge funds have recently modified their holdings of XNCR. Vanguard Group Inc boosted its stake in Xencor by 33.0% in the third quarter. Vanguard Group Inc now owns 4,195,674 shares of the biopharmaceutical company’s stock valued at $163,506,000 after acquiring an additional 1,040,578 shares during the last quarter. Vanguard Group Inc. boosted its stake in Xencor by 33.0% in the third quarter. Vanguard Group Inc. now owns 4,195,674 shares of the biopharmaceutical company’s stock valued at $163,506,000 after acquiring an additional 1,040,578 shares during the last quarter. Norges Bank purchased a new position in Xencor in the fourth quarter valued at about $28,271,000. Sofinnova Investments Inc. purchased a new position in Xencor in the fourth quarter valued at about $7,221,000. Finally, Dimensional Fund Advisors LP boosted its stake in Xencor by 42.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 399,186 shares of the biopharmaceutical company’s stock valued at $14,432,000 after acquiring an additional 119,347 shares during the last quarter. 83.32% of the stock is owned by institutional investors and hedge funds.

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About Xencor

Xencor, Inc, a clinical stage biopharmaceutical company, focuses on the discovery and development of engineered monoclonal antibody therapeutics to treat severe and life threatening diseases with unmet medical needs. It develops its antibody product candidates to treat autoimmune and allergic diseases, cancer, and other conditions.

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