Empowered Funds LLC Acquires New Holdings in Halozyme Therapeutics, Inc. $HALO

Key Points

• Empowered Funds LLC acquired 87,905 Halozyme shares worth approximately $6.88 million in the second quarter, while institutional investors collectively own 97.79% of the company.
• Halozyme exceeded quarterly expectations, reporting $2.28 in EPS versus the $1.79 consensus and revenue of $481 million, up 47.7% year over year. The company issued fiscal 2026 EPS guidance of $8.65–$9.00.
• Analysts maintain a generally positive view, with nine Buy ratings and a consensus “Moderate Buy” recommendation, though the average price target of $91.20 is below the stock’s recent $105.35 price. Insiders sold 42,478 shares worth $3.77 million over the past three months.

Empowered Funds LLC acquired a new position in Halozyme Therapeutics, Inc. (NASDAQ:HALO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,905 shares of the biopharmaceutical company's stock, valued at approximately $6,880,000. Empowered Funds LLC owned 0.08% of Halozyme Therapeutics as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HALO. MidFirst Bank acquired a new position in Halozyme Therapeutics during the 2nd quarter valued at about $27,000. Larson Financial Group LLC lifted its stake in shares of Halozyme Therapeutics by 3,118.2% in the 3rd quarter. Larson Financial Group LLC now owns 354 shares of the biopharmaceutical company's stock worth $26,000 after acquiring an additional 343 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Halozyme Therapeutics in the second quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC boosted its holdings in shares of Halozyme Therapeutics by 51.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 365 shares of the biopharmaceutical company's stock valued at $25,000 after acquiring an additional 124 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Halozyme Therapeutics during the second quarter valued at approximately $30,000. Institutional investors own 97.79% of the company's stock.

Halozyme Therapeutics Price Performance

HALO stock opened at $105.35 on Monday. Halozyme Therapeutics, Inc. has a one year low of $61.22 and a one year high of $109.66. The firm has a 50-day moving average of $87.01 and a two-hundred day moving average of $74.74. The firm has a market capitalization of $11.96 billion, a PE ratio of 31.45, a P/E/G ratio of 0.42 and a beta of 0.85. The company has a current ratio of 2.71, a quick ratio of 2.31 and a debt-to-equity ratio of 13.50.

Halozyme Therapeutics (NASDAQ:HALO - Get Free Report) last released its earnings results on Thursday, August 6th. The biopharmaceutical company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.49. The business had revenue of $481.00 million for the quarter, compared to the consensus estimate of $402.28 million. Halozyme Therapeutics had a net margin of 24.86% and a return on equity of 260.98%. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period last year, the firm posted $1.54 earnings per share. Halozyme Therapeutics has set its FY 2026 guidance at 8.650-9.000 EPS. On average, analysts forecast that Halozyme Therapeutics, Inc. will post 7.77 earnings per share for the current year.

Insider Buying and Selling at Halozyme Therapeutics

In other news, Director Mahesh Krishnan sold 7,304 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $75.00, for a total value of $547,800.00. Following the completion of the sale, the director owned 14,462 shares in the company, valued at $1,084,650. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bernadette Connaughton sold 1,626 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $102.80, for a total value of $167,152.80. Following the completion of the sale, the director directly owned 40,418 shares of the company's stock, valued at approximately $4,154,970.40. This trade represents a 3.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,478 shares of company stock valued at $3,767,304 in the last three months. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HALO shares. Citizens Jmp upped their target price on Halozyme Therapeutics from $92.00 to $93.00 and gave the stock a "market outperform" rating in a research report on Friday, August 7th. Wall Street Zen upgraded Halozyme Therapeutics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Morgan Stanley dropped their price objective on Halozyme Therapeutics from $96.00 to $93.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 12th. HC Wainwright upped their price objective on Halozyme Therapeutics from $95.00 to $115.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, UBS Group reaffirmed a "buy" rating and set a $90.00 target price on shares of Halozyme Therapeutics in a research note on Wednesday, June 3rd. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.20.

Halozyme Therapeutics Company Profile

Halozyme Therapeutics, Inc is a biopharmaceutical company headquartered in San Diego, California, that specializes in the development and commercialization of novel drug-delivery technologies. Founded in 1998, Halozyme focuses on enabling subcutaneous administration of biologic therapies through its proprietary platforms. The company's core mission is to improve patient access and convenience while maintaining efficacy and safety profiles comparable to or better than traditional routes of administration.

The company's flagship technology, ENHANZE®, is based on recombinant human hyaluronidase PH20 (rHuPH20), an enzyme that transiently degrades hyaluronan in the extracellular matrix.

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