BidaskClub upgraded shares of Jazz Pharmaceuticals (NASDAQ:JAZZ) from a sell rating to a hold rating in a research report sent to investors on Friday morning.
Other equities analysts have also recently issued reports about the company. Seaport Global Securities set a $175.00 price objective on Jazz Pharmaceuticals and gave the stock a buy rating in a research note on Friday, April 6th. Wells Fargo restated a buy rating on shares of Jazz Pharmaceuticals in a research note on Monday, December 25th. B. Riley restated a buy rating and set a $206.00 price objective on shares of Jazz Pharmaceuticals in a research note on Wednesday, December 20th. Piper Jaffray restated a buy rating and set a $201.00 price objective on shares of Jazz Pharmaceuticals in a research note on Thursday, March 1st. Finally, Bank of America raised their price objective on Jazz Pharmaceuticals from $164.00 to $170.00 and gave the stock a buy rating in a research note on Tuesday, February 20th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $180.78.
Jazz Pharmaceuticals stock opened at $155.96 on Friday. The company has a market cap of $9,333.52, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.29 and a quick ratio of 3.15. Jazz Pharmaceuticals has a 52 week low of $128.58 and a 52 week high of $163.75.
In other news, EVP Michael Patrick Miller sold 200 shares of the firm’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $157.49, for a total transaction of $31,498.00. Following the transaction, the executive vice president now directly owns 27,481 shares of the company’s stock, valued at $4,327,982.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Karen J. Wilson sold 3,899 shares of the firm’s stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $155.00, for a total value of $604,345.00. Following the transaction, the senior vice president now directly owns 19,517 shares in the company, valued at $3,025,135. The disclosure for this sale can be found here. Insiders sold 13,957 shares of company stock worth $2,080,782 over the last quarter. 4.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. HBK Investments L P increased its holdings in shares of Jazz Pharmaceuticals by 159.8% during the fourth quarter. HBK Investments L P now owns 22,600 shares of the specialty pharmaceutical company’s stock valued at $3,043,000 after purchasing an additional 13,900 shares during the period. Teachers Advisors LLC increased its holdings in shares of Jazz Pharmaceuticals by 16.1% during the fourth quarter. Teachers Advisors LLC now owns 601,785 shares of the specialty pharmaceutical company’s stock valued at $81,030,000 after purchasing an additional 83,426 shares during the period. Ellington Management Group LLC acquired a new position in shares of Jazz Pharmaceuticals during the fourth quarter valued at $633,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Jazz Pharmaceuticals during the fourth quarter valued at $577,000. Finally, AXA increased its holdings in shares of Jazz Pharmaceuticals by 23.2% during the third quarter. AXA now owns 116,862 shares of the specialty pharmaceutical company’s stock valued at $17,091,000 after purchasing an additional 22,007 shares during the period. 91.21% of the stock is currently owned by institutional investors.
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About Jazz Pharmaceuticals
Jazz Pharmaceuticals plc, a biopharmaceutical company, identifies, develops, and commercializes pharmaceutical products for various medical needs in the United States, Europe, and internationally. The company has a portfolio of products and product candidates with a focus in the areas of sleep and hematology/oncology.
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