The Vanguard Group, Inc. recently announced the acquisition of new stake in Exelixis Inc. (NASDAQ:EXEL). The institutional investor has increased its shareholding in the Healthcare company by 3.21% to 31.83 million shares with purchase of 0.99 million shares. This fresh investment now brings its stake to 9.82% valued currently at $582.56 million. In addition, BlackRock Fund Advisors raised its holdings by 0.93 million to 30.8 million shares. And Farallon Capital Management LLC has lifted its position by 115.92% or 12.6 million shares – to 23.47 million shares.
With over 2.0 million Exelixis Inc. (EXEL) shares trading Monday and a closing price of $19.77 on the day, the dollar volume was approximately $39.56 million. The shares have shown a positive half year performance of 16.84% and its price on 05/22/23 lost nearly -0.10%. Currently, there are 324.42M common shares owned by the public and among those 315.46M shares have been available to trade.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 17 analysts who have offered their price forecasts for EXEL have a consensus price objective of $25.31. The analysts have set the share’s price value over the next 12 months at a high of $32.00 and a low of $17.00. The average price target is 21.89% above its recent price level and a downside to the estimated low will see the stock lose -16.29% over that period. But an upside of 38.22% will see the stock hit the forecast high price target while median target price for the stock is $25.00.
Insiders at the company have transacted a total of 66 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 1,978,882 shares. Insider sales of the common stock occurred on 32 occasions, with total insider shares sold totaling 942,210 shares.
The top 3 mutual fund holders in Exelixis Inc. are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. iShares Core S&P Mid Cap ETF owns 10.11 million shares of the company’s stock, all valued at over $185.07 million. The company bought an additional 36127.0 shares recently to bring their total holdings to about 3.12% of the shares outstanding. Vanguard Total Stock Market ETF bought 0.16 million shares to see its total holdings expand to 10.07 million shares valued at over $184.27 million and representing 3.11% of the shares outstanding. Vanguard Small Cap Index Fund bought 74398.0 shares to bring its total holdings to over 8.48 million shares at a value of $155.21 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.62% of the shares outstanding.
Shares of Exelixis Inc. (NASDAQ: EXEL) opened at $19.87, up $0.08 from a prior closing price of $19.79. However, the script later moved the day high at 20.10, down -0.10%. The company’s stock has a 5-day price change of 1.38% and 13.30% over the past three months. EXEL shares are trading 23.25% year to date (YTD), with the 12-month market performance up to 13.36% higher. It has a 12-month low price of $14.87 and touched a high of $22.47 over the same period. EXEL has an average intraday trading volume of 3.08 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.52%, 4.38%, and 12.70% respectively.
Institutional ownership of Exelixis Inc. (NASDAQ: EXEL) shares accounts for 88.10% of the company’s 324.42M shares outstanding. Mutual fund holders own 39.02%, while other institutional holders and individual stakeholders account for 46.59% and 3.68% respectively.
It has a market capitalization of $6.42B and a beta (3y monthly) value of 0.67. The stock’s trailing 12-month PE ratio is 41.89, while the earnings-per-share (ttm) stands at $0.47. The company has a PEG of 1.55 and a Quick Ratio of 4.90 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.09% over the week and 2.40% over the month.
Analysts forecast that Exelixis Inc. (EXEL) will achieve an EPS of $0.14 for the current quarter, $0.16 for the next quarter and $0.9 for 2024. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.22. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to decrease by -21.60%, and 46.68% over the next financial year. EPS should grow at an annualized rate of 27.10% over the next five years, compared to 2.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 17 brokerage firm advisors rate Exelixis Inc. (EXEL) as a “Strong Buy” at a consensus score of 1.90. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 1 of the 17 advise that investors “hold,” and 1 rated it as a “Sell.”
Leave a Reply