XY Capital Ltd Makes New $290,000 Investment in Koninklijke Philips (NYSE:PHG)

XY Capital Ltd bought a new position in Koninklijke Philips (NYSE:PHG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,463 shares of the technology company’s stock, valued at approximately $290,000. Koninklijke Philips accounts for about 0.1% of XY Capital Ltd’s investment portfolio, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Koninklijke Philips in the 3rd quarter valued at approximately $54,000. Eastern Bank bought a new stake in Koninklijke Philips in the third quarter valued at $88,000. RPg Family Wealth Advisory LLC bought a new stake in Koninklijke Philips in the third quarter valued at $107,000. OLD National Bancorp IN bought a new stake in shares of Koninklijke Philips during the third quarter worth $202,000. Finally, Cable Hill Partners LLC bought a new position in shares of Koninklijke Philips in the third quarter worth about $203,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PHG. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Koninklijke Philips Price Performance

PHG stock opened at $27.31 on Monday. The stock’s 50 day simple moving average is $26.04 and its 200 day simple moving average is $28.16. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a fifty-two week low of $19.55 and a fifty-two week high of $32.91.

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.