Jane Street Group LLC Has $1.17 Million Position in Koninklijke Philips (NYSE:PHG)

Jane Street Group LLC lessened its stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 64.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,072 shares of the technology company's stock after selling 82,614 shares during the quarter. Jane Street Group LLC's holdings in Koninklijke Philips were worth $1,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Sei Investments Co. boosted its stake in Koninklijke Philips by 5.2% in the 4th quarter. Sei Investments Co. now owns 308,673 shares of the technology company's stock worth $7,816,000 after purchasing an additional 15,395 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Koninklijke Philips by 107.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,624 shares of the technology company's stock valued at $3,282,000 after buying an additional 67,289 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Koninklijke Philips during the 4th quarter valued at $10,655,000. American Century Companies Inc. boosted its stake in shares of Koninklijke Philips by 23.4% during the 4th quarter. American Century Companies Inc. now owns 295,158 shares of the technology company's stock valued at $7,473,000 after buying an additional 55,911 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Koninklijke Philips by 3.7% during the 4th quarter. Natixis Advisors LLC now owns 741,277 shares of the technology company's stock valued at $18,769,000 after buying an additional 26,227 shares during the period. Institutional investors and hedge funds own 13.67% of the company's stock.

Koninklijke Philips Stock Down 2.2%

Shares of PHG stock traded down $0.52 on Monday, hitting $22.56. The company's stock had a trading volume of 1,306,684 shares, compared to its average volume of 826,890. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74. Koninklijke Philips has a fifty-two week low of $21.48 and a fifty-two week high of $32.91. The firm's fifty day moving average price is $24.17 and its 200-day moving average price is $25.59. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of -26.85, a P/E/G ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.13. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the business earned $0.21 EPS. Koninklijke Philips's quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current year.

Wall Street Analysts Forecast Growth

PHG has been the subject of a number of research reports. Sanford C. Bernstein raised shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. BNP Paribas raised shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research note on Thursday, February 20th. Finally, Wall Street Zen lowered shares of Koninklijke Philips from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Koninklijke Philips presently has a consensus rating of "Moderate Buy".

Koninklijke Philips Profile

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.