<div id="readability-page-1"><p>US Bancorp DE reduced its stake in shares of  Exelixis, Inc. (NASDAQ:EXEL - Free Report) by 16.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,705 shares of the biotechnology company's stock after selling 7,176 shares during the period. US Bancorp DE's holdings in Exelixis were worth $1,574,000 as of its most recent filing with the SEC.</p><ul><li>3 Stocks to Buy for a Soft Landing, If There Is One</li></ul><p>Other hedge funds have also recently bought and sold shares of the company. Byrne Asset Management LLC raised its holdings in  Exelixis by 129.0% during the 2nd quarter. Byrne Asset Management LLC now owns 710 shares of the biotechnology company's stock worth $31,000 after buying an additional 400 shares during the period.  Family Legacy Financial Solutions LLC acquired a new stake in  Exelixis during the 2nd quarter worth approximately $33,000.  Hemington Wealth Management raised its holdings in  Exelixis by 211.3% during the 1st quarter. Hemington Wealth Management now owns 769 shares of the biotechnology company's stock worth $28,000 after buying an additional 522 shares during the period.  Bartlett &amp; CO. Wealth Management LLC acquired a new stake in  Exelixis during the 1st quarter worth approximately $37,000.  Finally, Steph &amp; Co. acquired a new stake in  Exelixis during the 2nd quarter worth approximately $44,000. 85.27% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Exelixis Trading Down 2.0%</h2><p>Shares of EXEL opened at $39.21 on Friday. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 0.80 and a beta of 0.38. Exelixis, Inc. has a 1-year low of $27.86 and a 1-year high of $49.62. The company's fifty day simple moving average is $38.79 and its 200 day simple moving average is $39.98. </p><ul><li>3 Strong Biotech Performers To Watch As Sector Nears Breakout</li></ul><p>Exelixis (NASDAQ:EXEL - Get Free Report) last issued its earnings results on Monday, July 28th. The biotechnology company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.12. The business had revenue of $568.26 million for the quarter, compared to the consensus estimate of $574.36 million. Exelixis had a net margin of 27.01% and a return on equity of 27.47%. The firm's revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share.  Exelixis has set its FY 2025 guidance at  EPS. As a group, research analysts forecast that  Exelixis, Inc. will post 2.04 earnings per share for the current year. </p><h2>Wall Street Analyst Weigh In</h2><p>Several brokerages have commented on EXEL. Weiss Ratings  restated a &#34;buy (b)&#34; rating on shares of Exelixis in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Exelixis from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Friday, October 3rd. Guggenheim  reiterated a &#34;buy&#34; rating and issued a $45.00 price objective on shares of Exelixis in a report on Tuesday, July 29th. Barclays assumed coverage on shares of Exelixis in a report on Wednesday, September 17th. They issued an &#34;equal weight&#34; rating and a $40.00 price objective on the stock. Finally, Stephens upgraded shares of Exelixis from an &#34;equal weight&#34; rating to an &#34;overweight&#34; rating and lifted their price objective for the company from $29.00 to $60.00 in a report on Tuesday, June 24th. Fifteen research analysts have rated the stock with a Buy rating and nine have assigned  a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $44.42.</p><ul><li>7 Best Cancer Stocks to Invest in Now</li></ul><p><b>Check Out Our Latest Stock Report on Exelixis</b></p><h2>About Exelixis</h2> (Free Report)<p>Exelixis, Inc, an oncology company, focuses on the discovery, development, and commercialization of new medicines for difficult-to-treat cancers in the United States. The company offers CABOMETYX tablets for the treatment of patients with advanced renal cell carcinoma who received prior anti-angiogenic therapy; and COMETRIQ capsules for the treatment of progressive and metastatic medullary thyroid cancer.</p><h2>See Also</h2><ul><li>Five stocks we like better than Exelixis</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>Salesforce’s Long-Awaited Inflection is Here: Rally On!</li><li>About the Markup Calculator</li><li>Rocket Lab USA Receives Wall Street Validation: Time to Buy?</li><li>Overbought Stocks Explained: Should You Trade Them?</li><li>Archer Buys Rival's Patent Treasure Trove in Strategic Move</li></ul><p><strong>Want to see what other hedge funds are holding EXEL?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelixis, Inc. (NASDAQ:EXEL - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RVhFTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RVhFTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Exelixis Right Now?</h2><p>Before you consider Exelixis, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exelixis wasn't on the list.</p><p>While Exelixis currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

EXEL

<p>US Bancorp DE has reduced its stake in Exelixis, Inc. (NASDAQ:EXEL) by 16.7%, now holding 35,705 shares valued at $1.57 million. Other hedge funds have also adjusted their positions, with significant increases in holdings by Byrne Asset Management and others. Exelixis shares opened at $39.21, with a market cap of $10.56 billion. The company reported earnings of $0.75 per share, exceeding estimates, despite a year-over-year revenue decline. Analysts maintain a "Moderate Buy" rating on the stock, with a consensus target price of $44.42.</p>

US Bancorp DE Has $1.57 Million Stock Position in Exelixis, Inc. $EXEL