Xencor, Inc. (XNCR) Major Shareholder John S. Stafford III Purchases 3,400 Shares

Xencor, Inc. (NASDAQ:XNCR) major shareholder John S. Stafford III bought 3,400 shares of the stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $19.89 per share, with a total value of $67,626.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Xencor, Inc. (XNCR) traded up $1.07 during trading hours on Monday, reaching $21.03. 146,300 shares of the company’s stock traded hands, compared to its average volume of 215,876. Xencor, Inc. has a 12 month low of $18.55 and a 12 month high of $29.38.

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Institutional investors have recently added to or reduced their stakes in the company. Equitec Specialists LLC purchased a new stake in shares of Xencor in the 2nd quarter valued at approximately $116,000. Great West Life Assurance Co. Can increased its stake in Xencor by 158.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 6,526 shares of the biopharmaceutical company’s stock worth $150,000 after buying an additional 4,005 shares during the period. SG Americas Securities LLC increased its stake in Xencor by 62.6% during the 2nd quarter. SG Americas Securities LLC now owns 8,447 shares of the biopharmaceutical company’s stock worth $178,000 after buying an additional 3,252 shares during the period. Legal & General Group Plc increased its stake in Xencor by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 8,978 shares of the biopharmaceutical company’s stock worth $189,000 after buying an additional 385 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Xencor during the 3rd quarter worth approximately $201,000. 76.70% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Canaccord Genuity set a $36.00 price objective on shares of Xencor and gave the stock a “buy” rating in a research note on Monday, October 23rd. BidaskClub cut shares of Xencor from a “hold” rating to a “sell” rating in a report on Monday, August 14th. ValuEngine cut shares of Xencor from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Zacks Investment Research cut shares of Xencor from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Xencor in a report on Sunday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.25.

Xencor Company Profile

Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.

Insider Buying and Selling by Quarter for Xencor (NASDAQ:XNCR)

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