Beigene Ltd (BGNE) Director Bros. Advisors Lp Baker Purchases 1,980,198 Shares

Beigene Ltd (NASDAQ:BGNE) Director Bros. Advisors Lp Baker acquired 1,980,198 shares of Beigene stock in a transaction on Thursday, January 18th. The stock was acquired at an average cost of $101.00 per share, for a total transaction of $199,999,998.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Beigene Ltd (NASDAQ:BGNE) traded up $5.59 during midday trading on Monday, hitting $118.26. 313,071 shares of the stock were exchanged, compared to its average volume of 326,569. The company has a market capitalization of $5,380.00 and a PE ratio of -90.27. Beigene Ltd has a 52 week low of $31.90 and a 52 week high of $120.00. The company has a current ratio of 9.33, a quick ratio of 9.27 and a debt-to-equity ratio of 0.20.

Beigene (NASDAQ:BGNE) last announced its quarterly earnings results on Monday, November 13th. The company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $2.31. The firm had revenue of $220.21 million for the quarter, compared to the consensus estimate of $1.55 million. During the same period in the prior year, the business earned ($1.08) earnings per share. analysts forecast that Beigene Ltd will post -2.04 EPS for the current fiscal year.

A number of brokerages have recently weighed in on BGNE. Maxim Group set a $120.00 price target on shares of Beigene and gave the stock a “buy” rating in a research report on Monday. BidaskClub cut shares of Beigene from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Zacks Investment Research cut shares of Beigene from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Cowen reissued a “buy” rating on shares of Beigene in a research report on Monday, January 8th. Finally, ValuEngine cut shares of Beigene from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Beigene has a consensus rating of “Hold” and a consensus target price of $96.67.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hillhouse Capital Management Ltd. lifted its position in Beigene by 172.6% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 3,720,726 shares of the company’s stock valued at $167,433,000 after acquiring an additional 2,355,906 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Beigene in the 3rd quarter valued at $62,076,000. Janus Henderson Group PLC bought a new stake in Beigene in the 3rd quarter valued at $33,744,000. Alliancebernstein L.P. bought a new stake in Beigene in the 2nd quarter valued at $7,373,000. Finally, Employees Retirement System of Texas bought a new stake in Beigene in the 2nd quarter valued at $2,855,000. 55.32% of the stock is currently owned by institutional investors.

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About Beigene

BeiGene, Ltd. is a clinical-stage biopharmaceutical company. The Company is focused in the discovery and development of molecularly targeted and immuno-oncology drugs for the treatment of cancer. The Company had used its cancer biology platform to develop four clinical-stage drug candidates, such as BGB-3111, BGB-A317, BGB-290 and BGB-283, as of December 31, 2016.

Insider Buying and Selling by Quarter for Beigene (NASDAQ:BGNE)

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