Koninklijke Philips (NYSE:PHG) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd grew its stake in Koninklijke Philips (NYSE:PHG) by 73.0% during the third quarter, HoldingsChannel.com reports. The firm owned 30,726 shares of the technology company’s stock after purchasing an additional 12,969 shares during the period. XTX Topco Ltd’s holdings in Koninklijke Philips were worth $1,005,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kitching Partners LLC lifted its stake in shares of Koninklijke Philips by 3.4% in the 2nd quarter. Kitching Partners LLC now owns 10,802 shares of the technology company’s stock worth $272,000 after acquiring an additional 356 shares during the period. Riverwater Partners LLC increased its stake in shares of Koninklijke Philips by 3.4% during the 2nd quarter. Riverwater Partners LLC now owns 16,201 shares of the technology company’s stock worth $408,000 after purchasing an additional 534 shares during the last quarter. Holderness Investments Co. increased its stake in shares of Koninklijke Philips by 3.4% during the 2nd quarter. Holderness Investments Co. now owns 16,807 shares of the technology company’s stock worth $424,000 after purchasing an additional 546 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Koninklijke Philips by 7.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company’s stock worth $204,000 after purchasing an additional 550 shares during the last quarter. Finally, CWM LLC grew its stake in Koninklijke Philips by 21.9% in the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company’s stock valued at $86,000 after buying an additional 616 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Down 0.1 %

NYSE PHG opened at $26.26 on Wednesday. The business has a fifty day moving average price of $28.65 and a two-hundred day moving average price of $28.24. The stock has a market capitalization of $24.68 billion, a PE ratio of -62.52, a PEG ratio of 0.93 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. Koninklijke Philips has a fifty-two week low of $19.55 and a fifty-two week high of $32.91.

Analysts Set New Price Targets

Several brokerages recently issued reports on PHG. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Koninklijke Philips has a consensus rating of “Hold”.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.