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Institutional investor Marshall Wace reduced Exelixis holdings, company missed earnings estimates.
Institutional investor Marshall Wace LLP reduced its holdings in biotech firm Exelixis by 9.7% in the fourth quarter, selling 36,327 shares and now owning 338,284 shares worth $11,265,000.
Exelixis reported a quarterly EPS of $0.48, missing estimates by $0.03.
The company has a market cap of $9.96 billion and an average analyst price target of $37.59, with a consensus rating of "Moderate Buy."
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El inversionista institucional Marshall Wace redujo las participaciones de Exelixis, la compañía no cumplió con las estimaciones de ganancias.