Portola Pharmaceuticals Inc (PTLA) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its position in shares of Portola Pharmaceuticals Inc (NASDAQ:PTLA) by 21.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,325 shares of the biopharmaceutical company’s stock after selling 1,975 shares during the quarter. Trexquant Investment LP’s holdings in Portola Pharmaceuticals were worth $396,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Portola Pharmaceuticals by 14.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,078 shares of the biopharmaceutical company’s stock worth $117,000 after acquiring an additional 258 shares during the last quarter. Jacobi Capital Management LLC acquired a new stake in Portola Pharmaceuticals during the second quarter worth about $125,000. IFP Advisors Inc increased its stake in Portola Pharmaceuticals by 7.7% during the second quarter. IFP Advisors Inc now owns 2,370 shares of the biopharmaceutical company’s stock worth $133,000 after acquiring an additional 170 shares during the last quarter. QS Investors LLC acquired a new stake in Portola Pharmaceuticals during the second quarter worth about $147,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Portola Pharmaceuticals during the third quarter worth about $178,000. Institutional investors own 87.45% of the company’s stock.

Shares of Portola Pharmaceuticals Inc (NASDAQ PTLA) opened at $53.93 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 8.31 and a current ratio of 8.31. Portola Pharmaceuticals Inc has a 12 month low of $17.15 and a 12 month high of $67.10.

Portola Pharmaceuticals (NASDAQ:PTLA) last posted its earnings results on Monday, November 6th. The biopharmaceutical company reported ($1.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.49) by $0.08. Portola Pharmaceuticals had a negative return on equity of 110.46% and a negative net margin of 938.19%. The business had revenue of $3.83 million during the quarter, compared to analyst estimates of $4.71 million. During the same quarter last year, the firm earned ($1.64) earnings per share. The company’s revenue for the quarter was down 58.9% compared to the same quarter last year. sell-side analysts predict that Portola Pharmaceuticals Inc will post -4.95 EPS for the current fiscal year.

PTLA has been the subject of several research analyst reports. Zacks Investment Research lowered Portola Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Credit Suisse Group set a $70.00 target price on Portola Pharmaceuticals and gave the company a “hold” rating in a research note on Thursday, August 10th. They noted that the move was a valuation call. BidaskClub lowered Portola Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Oppenheimer reiterated a “buy” rating and issued a $80.00 target price on shares of Portola Pharmaceuticals in a research note on Wednesday, September 6th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $81.00 target price (up previously from $75.00) on shares of Portola Pharmaceuticals in a research note on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $71.15.

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Portola Pharmaceuticals Company Profile

Portola Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics in the areas of thrombosis, other hematologic disorders and inflammation for patients having limited or no approved treatment options. The Company’s two lead programs, Betrixaban and Andexanet alfa, address unmet medical needs in the area of thrombosis, or blood clots.

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Institutional Ownership by Quarter for Portola Pharmaceuticals (NASDAQ:PTLA)

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