Xencor Inc (XNCR) Major Shareholder Purchases $1,111,466.00 in Stock

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Xencor Inc (NASDAQ:XNCR) major shareholder John S. Stafford III purchased 38,300 shares of the stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $29.02 per share, for a total transaction of $1,111,466.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of NASDAQ XNCR traded down $0.15 during midday trading on Tuesday, hitting $30.27. 96,145 shares of the company’s stock were exchanged, compared to its average volume of 218,691. Xencor Inc has a 12 month low of $27.57 and a 12 month high of $48.38. The company has a market capitalization of $1.69 billion, a P/E ratio of -23.11 and a beta of 1.40.

Several research analysts have weighed in on XNCR shares. Zacks Investment Research lowered Xencor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. BidaskClub raised Xencor from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Xencor in a research report on Friday, November 23rd. Finally, Wedbush boosted their price target on Xencor from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the stock. Xencor currently has a consensus rating of “Buy” and an average target price of $40.43.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in Xencor by 46.9% in the 4th quarter. Meeder Asset Management Inc. now owns 2,910 shares of the biopharmaceutical company’s stock valued at $105,000 after purchasing an additional 929 shares during the period. Tower Research Capital LLC TRC bought a new stake in Xencor in the 3rd quarter valued at $142,000. Gotham Asset Management LLC bought a new stake in Xencor in the 4th quarter valued at $240,000. Amalgamated Bank bought a new stake in Xencor in the 4th quarter valued at $248,000. Finally, GSA Capital Partners LLP bought a new stake in Xencor in the 4th quarter valued at $339,000. Institutional investors own 83.32% of the company’s stock.

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About Xencor

Xencor, Inc, a clinical stage biopharmaceutical company, focuses on the discovery and development of engineered monoclonal antibody therapeutics to treat severe and life threatening diseases with unmet medical needs. It develops its antibody product candidates to treat autoimmune and allergic diseases, cancer, and other conditions.

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