Lbp Am Sa acquired a new position in shares of Incyte Co. (NASDAQ:INCY – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 201,311 shares of the biopharmaceutical company’s stock, valued at approximately $13,905,000.
Several other hedge funds also recently modified their holdings of INCY. Haverford Trust Co grew its position in Incyte by 1.8% during the 3rd quarter. Haverford Trust Co now owns 7,796 shares of the biopharmaceutical company’s stock worth $515,000 after acquiring an additional 135 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Incyte by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 34,620 shares of the biopharmaceutical company’s stock worth $2,391,000 after purchasing an additional 139 shares in the last quarter. Trust Point Inc. grew its holdings in shares of Incyte by 5.0% during the fourth quarter. Trust Point Inc. now owns 3,282 shares of the biopharmaceutical company’s stock worth $227,000 after purchasing an additional 156 shares during the last quarter. Mather Group LLC. increased its stake in shares of Incyte by 26.4% in the fourth quarter. Mather Group LLC. now owns 828 shares of the biopharmaceutical company’s stock valued at $57,000 after buying an additional 173 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its holdings in shares of Incyte by 3.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 5,231 shares of the biopharmaceutical company’s stock valued at $361,000 after buying an additional 195 shares during the last quarter. Institutional investors and hedge funds own 96.97% of the company’s stock.
Incyte Price Performance
INCY opened at $67.86 on Friday. The stock has a market cap of $13.13 billion, a P/E ratio of 251.34, a P/E/G ratio of 0.41 and a beta of 0.76. Incyte Co. has a 12 month low of $50.35 and a 12 month high of $83.95. The company has a quick ratio of 1.94, a current ratio of 1.97 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $71.75 and a 200 day simple moving average of $70.27.
Insider Buying and Selling
In related news, EVP Steven H. Stein sold 12,352 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $72.69, for a total transaction of $897,866.88. Following the completion of the transaction, the executive vice president now directly owns 66,967 shares in the company, valued at approximately $4,867,831.23. This trade represents a 15.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sheila A. Denton sold 599 shares of Incyte stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $69.99, for a total value of $41,924.01. Following the completion of the sale, the executive vice president now directly owns 25,848 shares in the company, valued at approximately $1,809,101.52. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,670 shares of company stock valued at $2,026,933. 17.60% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of Incyte from $70.00 to $68.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 11th. Stifel Nicolaus raised their price target on shares of Incyte from $75.00 to $77.00 and gave the company a “hold” rating in a report on Monday, February 10th. William Blair reaffirmed an “outperform” rating on shares of Incyte in a report on Friday, December 13th. StockNews.com lowered Incyte from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, JMP Securities restated a “market perform” rating on shares of Incyte in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Incyte currently has a consensus rating of “Hold” and an average price target of $75.25.
Read Our Latest Analysis on INCY
Incyte Profile
Incyte Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics for hematology/oncology, and inflammation and autoimmunity areas in the United States and internationally. The company offers JAKAFI (ruxolitinib) for treatment of intermediate or high-risk myelofibrosis, polycythemia vera, and steroid-refractory acute graft-versus-host disease; MONJUVI (tafasitamab-cxix)/MINJUVI (tafasitamab) for relapsed or refractory diffuse large B-cell lymphoma; PEMAZYRE (pemigatinib), a fibroblast growth factor receptor kinase inhibitor that act as oncogenic drivers in liquid and solid tumor types; ICLUSIG (ponatinib) to treat chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia; and ZYNYZ (retifanlimab-dlwr) to treat adults with metastatic or recurrent locally advanced Merkel cell carcinoma, as well as OPZELURA cream for treatment of atopic dermatitis.
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