As First Tr Enhcd Eqty Incm (FFA) Stock Value Declined, Blue Bell Private Wealth Management Cut Stake; Matrix Capital Management Company LP Has Trimmed Exelixis (EXEL) Holding by $153.52 Million as Market Valuation Declined

April 17, 2018 - By Peter Erickson

Exelixis, Inc. (NASDAQ:EXEL) Logo

David Goel decreased its stake in Exelixis Inc (EXEL) by 33.85% based on its latest 2017Q4 regulatory filing with the SEC. Matrix Capital Management Company Lp sold 5.12M shares as the company’s stock declined 23.85% with the market. The hedge fund run by David Goel held 10.00M shares of the health care company at the end of 2017Q4, valued at $304.00M, down from 15.12 million at the end of the previous reported quarter. Matrix Capital Management Company Lp who had been investing in Exelixis Inc for a number of months, seems to be less bullish one the $6.42B market cap company. The stock increased 6.03% or $1.23 during the last trading session, reaching $21.63. About 1.38 million shares traded. Exelixis, Inc. (NASDAQ:EXEL) has risen 5.01% since April 17, 2017 and is uptrending. It has underperformed by 6.54% the S&P500.

Blue Bell Private Wealth Management Llc decreased its stake in First Tr Enhcd Eqty Incm (FFA) by 56.52% based on its latest 2017Q4 regulatory filing with the SEC. Blue Bell Private Wealth Management Llc sold 28,669 shares as the company’s stock declined 11.30% with the market. The institutional investor held 22,051 shares of the company at the end of 2017Q4, valued at $357,000, down from 50,720 at the end of the previous reported quarter. Blue Bell Private Wealth Management Llc who had been investing in First Tr Enhcd Eqty Incm for a number of months, seems to be less bullish one the $303.77M market cap company. The stock increased 0.79% or $0.119 during the last trading session, reaching $15.209. About 18,909 shares traded. First Trust Enhanced Equity Income Fund (NYSE:FFA) has risen 3.20% since April 17, 2017 and is uptrending. It has underperformed by 8.35% the S&P500.

Matrix Capital Management Company Lp, which manages about $2.80 billion US Long portfolio, upped its stake in Amazon Com Inc (NASDAQ:AMZN) by 20,000 shares to 40,000 shares, valued at $46.78M in 2017Q4, according to the filing. It also increased its holding in Incyte Corp (NASDAQ:INCY) by 530,000 shares in the quarter, for a total of 2.80 million shares, and has risen its stake in Activision Blizzard Inc (NASDAQ:ATVI).

Among 11 analysts covering Exelixis (NASDAQ:EXEL), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Exelixis had 41 analyst reports since January 19, 2016 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Monday, October 16 with “Buy”. The firm earned “Buy” rating on Tuesday, January 16 by RBC Capital Markets. The company was maintained on Wednesday, June 14 by William Blair. Stifel Nicolaus downgraded Exelixis, Inc. (NASDAQ:EXEL) on Tuesday, February 28 to “Hold” rating. Piper Jaffray maintained the shares of EXEL in report on Sunday, September 10 with “Buy” rating. As per Tuesday, February 27, the company rating was maintained by Stifel Nicolaus. On Thursday, September 7 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Buy” rating by Deutsche Bank on Thursday, November 3. The firm has “Hold” rating given on Monday, June 5 by Oppenheimer. The stock of Exelixis, Inc. (NASDAQ:EXEL) has “Buy” rating given on Thursday, September 15 by Stifel Nicolaus.

Since January 8, 2018, it had 0 buys, and 9 sales for $6.02 million activity. $454,515 worth of Exelixis, Inc. (NASDAQ:EXEL) was sold by Garber Alan M on Monday, January 8. On Monday, March 5 the insider COHEN CHARLES sold $363,450. $262,680 worth of Exelixis, Inc. (NASDAQ:EXEL) was sold by FELDBAUM CARL B. PAPADOPOULOS STELIOS had sold 15,000 shares worth $360,750 on Friday, March 2. $1.22M worth of Exelixis, Inc. (NASDAQ:EXEL) shares were sold by Haley Patrick J.. Another trade for 15,000 shares valued at $393,900 was sold by POSTE GEORGE.

Investors sentiment increased to 1.57 in Q4 2017. Its up 0.34, from 1.23 in 2017Q3. It improved, as 26 investors sold EXEL shares while 66 reduced holdings. 59 funds opened positions while 85 raised stakes. 232.85 million shares or 1.85% less from 237.25 million shares in 2017Q3 were reported. Wolverine Asset Mgmt Ltd Liability Com accumulated 1,542 shares. Caisse De Depot Et Placement Du Quebec owns 575,000 shares or 0.04% of their US portfolio. Public Employees Retirement Association Of Colorado stated it has 0.01% of its portfolio in Exelixis, Inc. (NASDAQ:EXEL). Aperio Grp Lc reported 60,606 shares. D E Shaw And Incorporated holds 0.04% or 1.06M shares. Hanseatic Management Services holds 0.1% or 3,284 shares. Great West Life Assurance Can accumulated 34,671 shares. Vanguard Gru reported 26.35 million shares stake. Klingenstein Fields Ltd Llc has invested 0.01% in Exelixis, Inc. (NASDAQ:EXEL). Georgia-based Earnest Prtnrs Limited Co has invested 0% in Exelixis, Inc. (NASDAQ:EXEL). Qs Invsts Ltd Liability stated it has 15,540 shares or 0% of all its holdings. Rock Springs Capital Mngmt Limited Partnership holds 0.24% in Exelixis, Inc. (NASDAQ:EXEL) or 175,000 shares. Hightower Advisors Limited Liability Company owns 32,535 shares. Aqr Capital Mngmt Ltd Llc invested 0.23% in Exelixis, Inc. (NASDAQ:EXEL). Perigon Wealth Mngmt Limited Liability Company has invested 0.03% in Exelixis, Inc. (NASDAQ:EXEL).

Analysts await Exelixis, Inc. (NASDAQ:EXEL) to report earnings on May, 2 after the close. They expect $0.12 earnings per share, up 140.00% or $0.07 from last year’s $0.05 per share. EXEL’s profit will be $35.60M for 45.06 P/E if the $0.12 EPS becomes a reality. After $0.12 actual earnings per share reported by Exelixis, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.06, from 0.95 in 2017Q3. It dived, as 10 investors sold FFA shares while 9 reduced holdings. 7 funds opened positions while 10 raised stakes. 4.92 million shares or 8.22% less from 5.36 million shares in 2017Q3 were reported. Advisors Asset Management Inc holds 0.19% or 711,179 shares. 121,385 are held by Parametric Port Ltd. Blue Bell Private Wealth Limited Liability Corp invested 0.16% of its portfolio in First Trust Enhanced Equity Income Fund (NYSE:FFA). Us Bank De has invested 0% in First Trust Enhanced Equity Income Fund (NYSE:FFA). Stratos Wealth Prtn Ltd owns 0% invested in First Trust Enhanced Equity Income Fund (NYSE:FFA) for 850 shares. Raymond James Fincl Services Advsrs, a Florida-based fund reported 367,777 shares. 12,893 were accumulated by Institute For Wealth Mngmt Ltd Llc. Advisory Services Network invested 0% of its portfolio in First Trust Enhanced Equity Income Fund (NYSE:FFA). Raymond James Trust Na has invested 0.03% in First Trust Enhanced Equity Income Fund (NYSE:FFA). Benjamin F Edwards & reported 327 shares or 0% of all its holdings. Millennium Management Limited Liability holds 0% or 14,894 shares. First Interstate Bank & Trust has invested 0.01% in First Trust Enhanced Equity Income Fund (NYSE:FFA). Arete Wealth Ltd Com reported 0.85% of its portfolio in First Trust Enhanced Equity Income Fund (NYSE:FFA). The Connecticut-based Massmutual Tru Company Fsb Adv has invested 0% in First Trust Enhanced Equity Income Fund (NYSE:FFA). Cetera Advsrs Lc holds 19,780 shares.

Blue Bell Private Wealth Management Llc, which manages about $245.45 million and $222.78M US Long portfolio, upped its stake in Call Spy Jun18 205 (Call) by 153 shares to 282 shares, valued at $697,000 in 2017Q4, according to the filing. It also increased its holding in Gabelli Global Small And Mid C (GGZ) by 44,909 shares in the quarter, for a total of 97,608 shares, and has risen its stake in Spdr S&P 500 Etf (SPY).

Exelixis, Inc. (NASDAQ:EXEL) Institutional Positions Chart

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