Schwab Charles Investment Management Inc. Increases Stake in Exelixis, Inc. (EXEL)
Schwab Charles Investment Management Inc. lifted its position in Exelixis, Inc. (NASDAQ:EXEL) by 0.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,022,928 shares of the biotechnology company’s stock after acquiring an additional 2,449 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Exelixis were worth $31,098,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new position in shares of Exelixis in the 3rd quarter worth approximately $120,000. Fisher Asset Management LLC bought a new position in shares of Exelixis in the 3rd quarter worth approximately $213,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Exelixis in the 3rd quarter worth approximately $236,000. CIBC Asset Management Inc bought a new position in shares of Exelixis in the 3rd quarter worth approximately $238,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Exelixis in the 3rd quarter worth approximately $239,000. 81.43% of the stock is owned by hedge funds and other institutional investors.
Shares of Exelixis, Inc. (EXEL) opened at $29.05 on Tuesday. The firm has a market capitalization of $8,346.02, a P/E ratio of 59.29, a P/E/G ratio of 0.79 and a beta of 1.84. Exelixis, Inc. has a 52 week low of $18.03 and a 52 week high of $32.50.
In related news, Director Alan M. Garber sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $30.30, for a total value of $454,500.00. Following the sale, the director now owns 64,829 shares in the company, valued at approximately $1,964,318.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.
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Exelixis, Inc is a biopharmaceutical company. The Company is focused on discovery, development and commercialization of new medicines to manage care and outcomes for people with cancer. The Company’s cabozantinib product is an inhibitor of multiple tyrosine kinases, including MET, AXL, and VEGF receptors.
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