Free Trial

UBS Group AG Has $596.59 Million Stock Holdings in Abivax SA Sponsored ADR $ABVX

Abivax logo with Medical background
Image from MarketBeat Media, LLC.

Key Points

  • UBS Group AG trimmed its Abivax position by 0.8% in Q4, leaving it with 4,423,906 shares—about a 5.64% stake valued at $596.59 million according to its latest 13F filing.
  • Analyst coverage is broadly positive with a MarketBeat consensus of "Moderate Buy" and an average price target of $137.15 (one Strong Buy, 13 Buy, one Sell).
  • Abivax is a clinical-stage biotech (lead drug obefazimod) with a market cap of $9.08 billion, recent quarterly EPS of -$1.20 and an expected FY EPS of -3.84, and a 12‑month trading range of $5.59–$148.83.
  • Five stocks to consider instead of Abivax.

UBS Group AG lessened its holdings in Abivax SA Sponsored ADR (NASDAQ:ABVX - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,423,906 shares of the company's stock after selling 37,356 shares during the quarter. UBS Group AG owned 5.64% of Abivax worth $596,586,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Abivax by 4,612.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 377 shares of the company's stock valued at $32,000 after purchasing an additional 369 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Abivax in the 3rd quarter valued at $36,000. Bank of America Corp DE boosted its holdings in shares of Abivax by 56.1% in the 4th quarter. Bank of America Corp DE now owns 5,536 shares of the company's stock valued at $41,000 after purchasing an additional 1,990 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Abivax in the 3rd quarter valued at $52,000. Finally, WPG Advisers LLC boosted its holdings in shares of Abivax by 125.9% in the 4th quarter. WPG Advisers LLC now owns 454 shares of the company's stock valued at $61,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 47.91% of the company's stock.

Wall Street Analysts Forecast Growth

ABVX has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Abivax in a report on Monday, April 20th. BTIG Research reissued a "buy" rating and set a $150.00 price objective on shares of Abivax in a report on Wednesday, February 25th. Wedbush assumed coverage on Abivax in a report on Tuesday, February 24th. They set an "outperform" rating and a $110.00 price objective on the stock. Oppenheimer set a $131.00 price objective on Abivax in a report on Thursday, January 8th. Finally, Oddo Bhf reissued an "outperform" rating on shares of Abivax in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $137.15.

View Our Latest Stock Analysis on ABVX

Abivax Price Performance

NASDAQ ABVX opened at $114.56 on Monday. Abivax SA Sponsored ADR has a twelve month low of $5.59 and a twelve month high of $148.83. The company has a market cap of $9.08 billion, a price-to-earnings ratio of -21.33 and a beta of 1.68. The business's fifty day moving average is $118.27 and its 200 day moving average is $116.10.

Abivax (NASDAQ:ABVX - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported ($1.20) earnings per share for the quarter. The company had revenue of $0.52 million during the quarter. On average, research analysts anticipate that Abivax SA Sponsored ADR will post -3.84 earnings per share for the current fiscal year.

Abivax Company Profile

(Free Report)

Founded in 2013 and headquartered in Paris, France, Abivax is a clinical-stage biopharmaceutical company focused on discovering and developing novel therapies for chronic inflammatory diseases and viral infections. The company’s technology platform targets host RNA biogenesis to modulate key immune pathways, offering a differentiated approach aimed at disease modification and improved safety profiles.

Abivax’s lead clinical asset, obefazimod (ABX464), is being evaluated in ulcerative colitis and other inflammatory disorders.

Further Reading

Want to see what other hedge funds are holding ABVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abivax SA Sponsored ADR (NASDAQ:ABVX - Free Report).

Institutional Ownership by Quarter for Abivax (NASDAQ:ABVX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Abivax Right Now?

Before you consider Abivax, you'll want to hear this.

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 Abivax wasn't on the list.

While Abivax currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines