Regeneron Pharmaceuticals, Inc. (REGN) SVP Sells $222,978.60 in Stock
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) SVP Robert E. Landry sold 468 shares of Regeneron Pharmaceuticals stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $476.45, for a total value of $222,978.60. Following the completion of the transaction, the senior vice president now directly owns 9,099 shares in the company, valued at $4,335,218.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) opened at 477.80 on Friday. The company has a market capitalization of $50.66 billion, a P/E ratio of 47.93 and a beta of 1.66. Regeneron Pharmaceuticals, Inc. has a 12-month low of $325.35 and a 12-month high of $543.55. The firm has a 50-day moving average price of $487.65 and a 200 day moving average price of $435.10.
Regeneron Pharmaceuticals (NASDAQ:REGN) last posted its earnings results on Thursday, August 3rd. The biopharmaceutical company reported $4.17 EPS for the quarter, beating the consensus estimate of $2.67 by $1.50. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.36 billion. Regeneron Pharmaceuticals had a return on equity of 25.58% and a net margin of 22.05%. Regeneron Pharmaceuticals’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 earnings per share. On average, equities research analysts predict that Regeneron Pharmaceuticals, Inc. will post $14.85 earnings per share for the current year.
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A number of equities analysts have commented on REGN shares. Vetr cut Regeneron Pharmaceuticals from a “sell” rating to a “strong sell” rating and set a $368.84 price target on the stock. in a research note on Monday, May 15th. Robert W. Baird cut Regeneron Pharmaceuticals from a “neutral” rating to an “underperform” rating and set a $408.00 price target on the stock. in a research note on Tuesday, August 1st. Zacks Investment Research cut Regeneron Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Credit Suisse Group cut Regeneron Pharmaceuticals to a “hold” rating and set a $485.00 price target on the stock. in a research note on Friday, July 14th. Finally, Canaccord Genuity set a $522.00 price target on Regeneron Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Regeneron Pharmaceuticals has an average rating of “Hold” and a consensus price target of $495.59.
A number of institutional investors have recently bought and sold shares of REGN. Retirement Systems of Alabama raised its position in Regeneron Pharmaceuticals by 2.6% in the first quarter. Retirement Systems of Alabama now owns 36,757 shares of the biopharmaceutical company’s stock valued at $14,244,000 after buying an additional 927 shares during the period. IFC Holdings Incorporated FL acquired a new position in Regeneron Pharmaceuticals during the first quarter valued at approximately $217,000. Korea Investment CORP raised its position in Regeneron Pharmaceuticals by 223.9% in the first quarter. Korea Investment CORP now owns 298 shares of the biopharmaceutical company’s stock valued at $115,000 after buying an additional 206 shares during the period. Fisher Asset Management LLC raised its position in Regeneron Pharmaceuticals by 12.7% in the first quarter. Fisher Asset Management LLC now owns 806 shares of the biopharmaceutical company’s stock valued at $312,000 after buying an additional 91 shares during the period. Finally, North Point Portfolio Managers Corp OH acquired a new position in Regeneron Pharmaceuticals during the first quarter valued at approximately $11,332,000. 67.16% of the stock is currently owned by hedge funds and other institutional investors.
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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