Beigene Ltd (NASDAQ:BGNE) Director Donald W. Glazer sold 15,027 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $125.11, for a total value of $1,880,027.97. Following the transaction, the director now directly owns 3,911,518 shares of the company’s stock, valued at $489,370,016.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BGNE traded up $4.40 on Thursday, hitting $137.85. 126,685 shares of the company were exchanged, compared to its average volume of 345,493. Beigene Ltd has a 12 month low of $105.19 and a 12 month high of $220.10. The firm has a market capitalization of $8.21 billion, a PE ratio of -11.35 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.47 and a current ratio of 7.52.

Beigene (NASDAQ:BGNE) last released its earnings results on Thursday, May 9th. The company reported ($2.81) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.15) by $0.34. Beigene had a negative return on equity of 44.75% and a negative net margin of 302.58%. The business had revenue of $77.83 million for the quarter, compared to analyst estimates of $55.79 million. During the same quarter in the prior year, the company posted ($2.03) earnings per share. Beigene’s revenue was up 139.2% on a year-over-year basis. On average, research analysts forecast that Beigene Ltd will post -13.27 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BGNE. JPMorgan Chase & Co. raised its holdings in Beigene by 65.5% during the third quarter. JPMorgan Chase & Co. now owns 59,384 shares of the company’s stock worth $10,226,000 after acquiring an additional 23,495 shares in the last quarter. Nordea Investment Management AB bought a new stake in Beigene during the third quarter worth about $12,765,000. Vanguard Group Inc. raised its holdings in Beigene by 11.0% during the third quarter. Vanguard Group Inc. now owns 1,064,236 shares of the company’s stock worth $183,283,000 after acquiring an additional 105,702 shares in the last quarter. Cornerstone Advisors Inc. bought a new stake in Beigene during the fourth quarter worth about $30,000. Finally, JGP Global Gestao de Recursos Ltda. bought a new stake in Beigene during the fourth quarter worth about $527,000. Institutional investors and hedge funds own 79.66% of the company’s stock.

Several research analysts have recently weighed in on BGNE shares. Zacks Investment Research raised Beigene from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Wednesday. BidaskClub raised Beigene from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Bank of America started coverage on Beigene in a research report on Friday, March 15th. They set a “buy” rating and a $200.00 price objective for the company. Maxim Group set a $170.00 price objective on Beigene and gave the stock a “buy” rating in a research report on Thursday, February 28th. Finally, ValuEngine cut Beigene from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 15th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Beigene has an average rating of “Buy” and a consensus price target of $182.34.

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Beigene Company Profile

BeiGene, Ltd., a commercial-stage biotechnology company, develops and commercializes molecularly-targeted and immuno-oncology drugs for the treatment of cancer in the People's Republic of China, the United States, and internationally. Its commercial products include ABRAXANE, a chemotherapy product for the treatment of breast, non-small cell lung, pancreatic, and gastric cancers; REVLIMID, an oral immunomodulatory drug for the treatment of multiple myeloma in combination with dexamethasone; and VIDAZA, a pyrimidine nucleoside analog for the treatment of intermediate-2 and myelodysplastic syndromes, chronic myelomonocyte leukemia, and acute myeloid leukemia with 20% to 30% blasts and multi-lineage dysplasia.

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