Insider Selling: Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) SVP Sells 526 Shares of Stock
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) SVP Robert E. Landry sold 526 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $472.19, for a total value of $248,371.94. Following the completion of the sale, the senior vice president now owns 9,099 shares of the company’s stock, valued at $4,296,456.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Regeneron Pharmaceuticals, Inc. (REGN) traded up 0.94% during midday trading on Wednesday, reaching $474.09. The company’s stock had a trading volume of 979,959 shares. Regeneron Pharmaceuticals, Inc. has a 1-year low of $325.35 and a 1-year high of $543.55. The company has a 50 day moving average of $499.39 and a 200-day moving average of $422.69. The company has a market capitalization of $50.05 billion, a P/E ratio of 57.39 and a beta of 1.66.
Regeneron Pharmaceuticals (NASDAQ:REGN) last issued its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported $4.17 EPS for the quarter, topping the Zacks’ consensus estimate of $2.67 by $1.50. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Regeneron Pharmaceuticals had a return on equity of 25.58% and a net margin of 22.05%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Equities research analysts anticipate that Regeneron Pharmaceuticals, Inc. will post $14.84 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Regeneron Pharmaceuticals by 3,331.5% in the first quarter. BlackRock Inc. now owns 6,146,861 shares of the biopharmaceutical company’s stock worth $2,381,971,000 after buying an additional 5,967,733 shares in the last quarter. Jennison Associates LLC boosted its position in Regeneron Pharmaceuticals by 74.1% in the second quarter. Jennison Associates LLC now owns 1,292,863 shares of the biopharmaceutical company’s stock valued at $634,977,000 after buying an additional 550,247 shares during the period. Janus Capital Management LLC boosted its position in Regeneron Pharmaceuticals by 58.5% in the first quarter. Janus Capital Management LLC now owns 1,317,162 shares of the biopharmaceutical company’s stock valued at $510,406,000 after buying an additional 486,119 shares during the period. Wellington Management Group LLP boosted its position in Regeneron Pharmaceuticals by 7.9% in the first quarter. Wellington Management Group LLP now owns 6,135,559 shares of the biopharmaceutical company’s stock valued at $2,377,590,000 after buying an additional 446,850 shares during the period. Finally, Clearbridge Investments LLC boosted its position in Regeneron Pharmaceuticals by 55.2% in the first quarter. Clearbridge Investments LLC now owns 690,254 shares of the biopharmaceutical company’s stock valued at $267,480,000 after buying an additional 245,531 shares during the period. Institutional investors own 66.70% of the company’s stock.
Several analysts have issued reports on REGN shares. Canaccord Genuity upgraded Regeneron Pharmaceuticals from a “hold” rating to a “buy” rating and upped their target price for the company from $375.00 to $484.00 in a report on Friday, May 5th. Vetr cut Regeneron Pharmaceuticals from a “buy” rating to a “hold” rating and set a $408.86 target price for the company. in a report on Monday, May 1st. Zacks Investment Research cut Regeneron Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Piper Jaffray Companies upped their target price on Regeneron Pharmaceuticals from $446.00 to $557.00 and gave the company an “overweight” rating in a report on Tuesday, June 20th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $357.00 target price on shares of Regeneron Pharmaceuticals in a report on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $489.35.
Regeneron Pharmaceuticals Company 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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