Teva Pharmaceutical Industries Target of Unusually High Options Trading (NYSE:TEVA)

by · The Cerbat Gem

Teva Pharmaceutical Industries Ltd. (NYSE:TEVAGet Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 17,205 call options on the stock. This represents an increase of approximately 44% compared to the typical daily volume of 11,916 call options.

Insider Buying and Selling at Teva Pharmaceutical Industries

In other news, EVP Richard Daniell sold 17,295 shares of Teva Pharmaceutical Industries stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $31.67, for a total transaction of $547,732.65. Following the transaction, the executive vice president owned 85,755 shares in the company, valued at $2,715,860.85. This trade represents a 16.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Sabag sold 62,102 shares of Teva Pharmaceutical Industries stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $30.14, for a total transaction of $1,871,754.28. Following the transaction, the insider owned 224,940 shares in the company, valued at $6,779,691.60. This represents a 21.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 920,901 shares of company stock worth $30,056,789. Insiders own 0.54% of the company’s stock.

Institutional Trading of Teva Pharmaceutical Industries

Hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in Teva Pharmaceutical Industries in the 4th quarter worth $25,000. Allworth Financial LP lifted its stake in Teva Pharmaceutical Industries by 53.8% in the 4th quarter. Allworth Financial LP now owns 941 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares in the last quarter. Grove Bank & Trust lifted its stake in Teva Pharmaceutical Industries by 300.0% in the 4th quarter. Grove Bank & Trust now owns 1,000 shares of the company’s stock worth $31,000 after purchasing an additional 750 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Teva Pharmaceutical Industries by 51.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,011 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Teva Pharmaceutical Industries by 567.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,334 shares of the company’s stock worth $42,000 after purchasing an additional 1,134 shares in the last quarter. Hedge funds and other institutional investors own 54.05% of the company’s stock.

Wall Street Analysts Forecast Growth

TEVA has been the topic of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of Teva Pharmaceutical Industries from $29.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Truist Financial raised their price objective on shares of Teva Pharmaceutical Industries from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group raised their price objective on shares of Teva Pharmaceutical Industries from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Scotiabank raised their price objective on shares of Teva Pharmaceutical Industries from $35.00 to $40.00 and gave the company a “sector outperform” rating in a research report on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of Teva Pharmaceutical Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Teva Pharmaceutical Industries presently has a consensus rating of “Moderate Buy” and an average target price of $41.56.

Read Our Latest Report on TEVA

Teva Pharmaceutical Industries Price Performance

Shares of TEVA stock traded down $0.03 on Friday, hitting $35.04. 382,071 shares of the stock traded hands, compared to its average volume of 8,227,239. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 3.12 and a beta of 0.76. Teva Pharmaceutical Industries has a 52 week low of $14.99 and a 52 week high of $37.35. The firm has a 50 day simple moving average of $31.15 and a two-hundred day simple moving average of $29.33. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.04 and a quick ratio of 0.80.

Teva Pharmaceutical Industries (NYSE:TEVAGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.53 EPS for the quarter. The firm had revenue of $3.98 billion for the quarter. Teva Pharmaceutical Industries had a net margin of 9.01% and a return on equity of 44.86%. As a group, equities research analysts predict that Teva Pharmaceutical Industries will post 2.6 earnings per share for the current fiscal year.

Teva Pharmaceutical Industries News Roundup

Here are the key news stories impacting Teva Pharmaceutical Industries this week:

About Teva Pharmaceutical Industries

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Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) is an Israeli multinational pharmaceutical company and one of the world’s largest manufacturers of generic medicines. The company’s core activities include the development, production and marketing of generic pharmaceuticals alongside a portfolio of specialty branded medicines. Teva supplies finished dosage forms and active pharmaceutical ingredients (APIs) to markets around the globe and operates manufacturing and research facilities in multiple countries.

Teva’s product range covers oral solids, injectables, inhalation products and other dosage forms across therapeutic areas such as central nervous system disorders, respiratory, oncology, pain and infectious disease.

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