Jane Street Group LLC Purchases 8,918 Shares of Lexeo Therapeutics, Inc. (NASDAQ:LXEO)

Jane Street Group LLC raised its position in shares of Lexeo Therapeutics, Inc. (NASDAQ:LXEOFree Report) by 33.3% in the third quarter, HoldingsChannel reports. The firm owned 35,677 shares of the company’s stock after buying an additional 8,918 shares during the quarter. Jane Street Group LLC’s holdings in Lexeo Therapeutics were worth $323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position in Lexeo Therapeutics by 184.2% during the third quarter. BNP Paribas Financial Markets now owns 5,541 shares of the company’s stock valued at $50,000 after buying an additional 3,591 shares during the period. Values First Advisors Inc. purchased a new position in shares of Lexeo Therapeutics during the 3rd quarter worth $67,000. MetLife Investment Management LLC boosted its stake in shares of Lexeo Therapeutics by 121.5% during the 3rd quarter. MetLife Investment Management LLC now owns 14,223 shares of the company’s stock worth $129,000 after acquiring an additional 7,803 shares during the last quarter. Rhumbline Advisers grew its position in shares of Lexeo Therapeutics by 37.3% during the 2nd quarter. Rhumbline Advisers now owns 13,357 shares of the company’s stock valued at $214,000 after acquiring an additional 3,627 shares during the period. Finally, PDT Partners LLC purchased a new stake in shares of Lexeo Therapeutics in the 3rd quarter worth $241,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Lexeo Therapeutics Stock Performance

NASDAQ:LXEO opened at $6.82 on Friday. The stock has a 50-day moving average price of $7.15 and a 200 day moving average price of $9.97. The stock has a market capitalization of $225.51 million, a P/E ratio of -2.16 and a beta of 3.08. Lexeo Therapeutics, Inc. has a 12-month low of $5.77 and a 12-month high of $22.33. The company has a current ratio of 5.95, a quick ratio of 5.95 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LXEO shares. Leerink Partners lowered their target price on Lexeo Therapeutics from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. HC Wainwright boosted their price objective on Lexeo Therapeutics from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Chardan Capital increased their target price on shares of Lexeo Therapeutics from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $23.80.

Check Out Our Latest Stock Analysis on LXEO

Lexeo Therapeutics Profile

(Free Report)

Lexeo Therapeutics, Inc operates as a clinical stage genetic medicine company that focuses on hereditary and acquired diseases. The company develops LX2006, which is an AAVrh10-based gene therapy candidate for the treatment of Friedreich's ataxia (FA) cardiomyopathy; LX2020, an AAVrh10-based gene therapy candidate for the treatment of plakophilin-2 arrhythmogenic cardiomyopathy; LX2021, a gene therapy candidate for the treatment of DSP cardiomyopathy associated with it; and LX2022, a gene therapy candidate for the treatment of hypertrophic cardiomyopathy, or HCM caused by TNNI3 gene.

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Institutional Ownership by Quarter for Lexeo Therapeutics (NASDAQ:LXEO)

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