The Comerica Bank Acquires 7534 Shares of Nektar Therapeutics (NKTR)

Ivan Schwartz
June 1, 2017

TIAA CREF Investment Management LLC now owns 735,117 shares of the biopharmaceutical company's stock worth $17,253,000 after buying an additional 134,754 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Nektar Therapeutics by 22.4% in the first quarter. Gideon Capital Advisors Inc. purchased a new stake in shares of Nektar Therapeutics during the fourth quarter worth about $145,000. The stock was last seen -8.51% lower, reaching at $19.02 on May 30, 2017. Glen Harbor Capital Management LLC boosted its stake in shares of Nektar Therapeutics by 11.1% in the first quarter. Beta value of the stock is marked at 1.57. Finally, Municipal Employees Retirement System of MI increased its position in Nektar Therapeutics by 1.7% in the first quarter. Another trade for 2,195 shares valued at $28,842 was made by Hora Maninder on Thursday, February 16. Institutional investors and hedge funds own 86.80% of the company's stock.

Nektar Therapeutics (NKTR) belongs to the "Healthcare" sector with an industry focus on "Biotechnology", with Mr. Howard W. Robin as Chief Exec. Officer, Pres and Director. The 20-day may be of analytical benefit to a shorter-term trader since it follows the price more closely, and therefore produces less "lag" than the longer-term moving average. The third largest holder is Blackrock Inc., which now holds $416.54 million worth of this stock and that ownership represents almost 13.66% of its market capitalization.

Now the shares of Nektar Therapeutics (NKTR) has a trading volume of 2.17 Million shares, with an average trading volume of 1650 shares - with shares dropping to a 52 week low of $11.41, and the company's shares hitting a 52 week high of $ 24.88. The other 9, though not evenly; between analysts who think you should buy Nektar Therapeutics (NASDAQ:NKTR) versus those who think you should sell it. The biopharmaceutical company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.40) by $0.02. Nektar Therapeutics had a negative net margin of 98.87% and a negative return on equity of 8,769.15%. During the same quarter a year ago, the company posted ($0.14) earnings per share. The firm's quarterly revenue was down 58.0% on a year-over-year basis.

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During last 5 trades the stock sticks nearly -1.91%. If you are accessing this news story on another website, it was stolen and republished in violation of US & worldwide copyright laws. The legal version of this piece can be read at https://transcriptdaily.com/2017/05/31/nektar-therapeutics-nktr-shares-sold-by-bellevue-group-ag.html.

Several research analysts have recently commented on NKTR shares. Analysts have a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Finally, JPMorgan Chase & Co. set a $24.00 target price on shares of Nektar Therapeutics and gave the company a "buy" rating in a research note on Tuesday, March 21st. Jefferies Group LLC set a $25.00 price objective on shares of Nektar Therapeutics and gave the stock a "buy" rating in a report on Saturday, April 22nd. The average numbers of shares are traded in a security per day, during the recent 3-month period. On Monday, September 21 the stock rating was maintained by Roth Capital with "Buy". The latest reports which are outstanding on Wednesday 31st of May state 4 analysts have a rating of "strong buy", 5 analysts "buy", 0 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". The current value of the RSI is 70.15 that is in overbought range. The shares were sold at an average price of $18.72, for a total value of $93,600.00. Municipal Employees Retirement System of MI now owns 34,920 shares of the biopharmaceutical company's stock worth $820,000 after buying an additional 570 shares during the last quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional investors now hold around $3.06 billion or 97% in NKTR stock. The stock was sold at an average price of $19.69, for a total transaction of $2,215,125.00. The disclosure for this sale can be found here. Insiders sold 540,914 shares of company stock valued at $10,135,119 in the last three months.

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