Traders bought shares of Regeneron Pharmaceuticals Inc (NASDAQ:REGN) on weakness during trading hours on Tuesday following insider selling activity. $140.79 million flowed into the stock on the tick-up and $117.65 million flowed out of the stock on the tick-down, for a money net flow of $23.14 million into the stock. Of all equities tracked, Regeneron Pharmaceuticals had the 20th highest net in-flow for the day. Regeneron Pharmaceuticals traded down ($18.10) for the day and closed at $324.57Specifically, Director Joseph L. Goldstein sold 1,000 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $325.60, for a total value of $325,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. 10.80% of the stock is owned by corporate insiders.
Several equities analysts recently commented on REGN shares. BidaskClub upgraded Regeneron Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Friday, January 26th. BMO Capital Markets set a $444.00 target price on Regeneron Pharmaceuticals and gave the company a “hold” rating in a research note on Monday, November 27th. Citigroup lowered Regeneron Pharmaceuticals from a “buy” rating to a “neutral” rating and dropped their target price for the company from $480.00 to $380.00 in a research note on Friday, December 1st. Robert W. Baird upgraded Regeneron Pharmaceuticals from an “underperform” rating to a “neutral” rating in a research note on Friday, November 3rd. Finally, Argus dropped their target price on Regeneron Pharmaceuticals from $540.00 to $470.00 and set a “buy” rating for the company in a research note on Thursday, December 28th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $463.19.
The stock has a market cap of $35,530.00, a P/E ratio of 32.04, a P/E/G ratio of 1.39 and a beta of 1.47. The company has a quick ratio of 3.18, a current ratio of 3.82 and a debt-to-equity ratio of 0.11.
Institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its holdings in Regeneron Pharmaceuticals by 495.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the biopharmaceutical company’s stock valued at $138,000 after purchasing an additional 307 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Regeneron Pharmaceuticals by 147.0% during the 4th quarter. Advisory Services Network LLC now owns 447 shares of the biopharmaceutical company’s stock worth $168,000 after buying an additional 266 shares during the last quarter. Vident Investment Advisory LLC bought a new position in Regeneron Pharmaceuticals during the 3rd quarter worth approximately $200,000. Mackenzie Financial Corp bought a new position in Regeneron Pharmaceuticals during the 4th quarter worth approximately $204,000. Finally, Virtu KCG Holdings LLC bought a new position in Regeneron Pharmaceuticals during the 2nd quarter worth approximately $206,000. 65.89% of the stock is owned by hedge funds and other institutional investors.
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About Regeneron Pharmaceuticals
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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