XTX Topco Ltd Takes Position in Koninklijke Philips (NYSE:PHG)

XTX Topco Ltd acquired a new position in shares of Koninklijke Philips (NYSE:PHG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 17,757 shares of the technology company’s stock, valued at approximately $447,000.

Other hedge funds have also modified their holdings of the company. Riverview Capital Advisers LLC bought a new stake in Koninklijke Philips in the 2nd quarter valued at approximately $598,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Koninklijke Philips by 15.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,140 shares of the technology company’s stock worth $1,062,000 after purchasing an additional 5,522 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Koninklijke Philips by 5.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 95,620 shares of the technology company’s stock worth $2,410,000 after purchasing an additional 5,289 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Koninklijke Philips by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock valued at $101,718,000 after purchasing an additional 864,951 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC increased its stake in Koninklijke Philips by 62.6% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 44,020 shares of the technology company’s stock valued at $1,109,000 after buying an additional 16,952 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Koninklijke Philips currently has an average rating of “Hold”.

Koninklijke Philips Trading Up 2.2 %

NYSE PHG opened at $30.80 on Wednesday. Koninklijke Philips has a 12 month low of $17.75 and a 12 month high of $31.50. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $29.06 and a 200-day moving average of $25.91. The company has a market cap of $28.95 billion, a PE ratio of -32.08, a PEG ratio of 1.06 and a beta of 0.73.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. The firm had revenue of $4.80 billion during the quarter. Koninklijke Philips had a negative net margin of 2.35% and a positive return on equity of 10.15%. On average, equities research analysts anticipate that Koninklijke Philips will post 1.51 EPS for the current fiscal year.

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.