Axa decreased its holdings in Celgene Co. (NASDAQ:CELG) by 6.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,174,479 shares of the biopharmaceutical company’s stock after selling 80,935 shares during the quarter. Celgene comprises about 0.7% of Axa’s investment portfolio, making the stock its 17th biggest holding. Axa’s holdings in Celgene were worth $171,262,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thompson Davis & CO. Inc. increased its position in shares of Celgene by 5.9% in the second quarter. Thompson Davis & CO. Inc. now owns 773 shares of the biopharmaceutical company’s stock valued at $100,000 after buying an additional 43 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in shares of Celgene by 118.7% in the third quarter. Arcadia Investment Management Corp MI now owns 737 shares of the biopharmaceutical company’s stock valued at $107,000 after buying an additional 400 shares in the last quarter. Robecosam AG purchased a new position in shares of Celgene in the third quarter valued at $114,000. Guidant Wealth Advisors purchased a new position in shares of Celgene in the third quarter valued at $119,000. Finally, Capital Bank & Trust Co increased its position in shares of Celgene by 166.8% in the third quarter. Capital Bank & Trust Co now owns 827 shares of the biopharmaceutical company’s stock valued at $121,000 after buying an additional 517 shares in the last quarter. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Shares of Celgene Co. (NASDAQ CELG) opened at $95.16 on Thursday. The company has a quick ratio of 3.52, a current ratio of 3.65 and a debt-to-equity ratio of 1.31. Celgene Co. has a 52 week low of $92.85 and a 52 week high of $147.17. The stock has a market capitalization of $74,920.00, a PE ratio of 26.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.49.

Celgene (NASDAQ:CELG) last issued its quarterly earnings results on Thursday, January 25th. The biopharmaceutical company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.09. Celgene had a return on equity of 64.14% and a net margin of 22.38%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the company earned $1.61 EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. equities analysts predict that Celgene Co. will post 7.68 earnings per share for the current year.

CELG has been the topic of a number of analyst reports. Mizuho reaffirmed a “buy” rating and set a $128.00 price objective on shares of Celgene in a research note on Sunday. Zacks Investment Research raised Celgene from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Cantor Fitzgerald reaffirmed a “hold” rating and set a $112.00 price objective on shares of Celgene in a research note on Monday, January 29th. SunTrust Banks reaffirmed a “buy” rating and set a $139.00 price objective (up previously from $127.00) on shares of Celgene in a research note on Friday, January 26th. Finally, Vetr raised Celgene from a “buy” rating to a “strong-buy” rating and set a $116.84 price objective on the stock in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Celgene has a consensus rating of “Buy” and a consensus target price of $130.35.

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Celgene Company Profile

Celgene Corporation is an integrated global biopharmaceutical company. The Company, together with its subsidiaries, is engaged in the discovery, development and commercialization of therapies for the treatment of cancer and inflammatory diseases through solutions in protein homeostasis, immuno-oncology, epigenetics, immunology and neuro-inflammation.

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Institutional Ownership by Quarter for Celgene (NASDAQ:CELG)

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