BeiGene, Ltd. (NASDAQ:BGNE – Get Rating) CEO John Oyler sold 30,520 shares of the stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $153.50, for a total value of $4,684,820.00. Following the sale, the chief executive officer now owns 2,070,913 shares in the company, valued at $317,885,145.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

BeiGene Stock Performance

NASDAQ BGNE traded down $4.82 on Thursday, hitting $144.03. 251,608 shares of the company traded hands, compared to its average volume of 286,899. The company has a market capitalization of $14.93 billion, a price-to-earnings ratio of -7.05 and a beta of 0.65. The company has a current ratio of 4.54, a quick ratio of 4.35 and a debt-to-equity ratio of 0.03. The business's 50 day moving average price is $174.23 and its 200-day moving average price is $167.78. BeiGene, Ltd. has a 52-week low of $118.18 and a 52-week high of $392.30.

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BeiGene (NASDAQ:BGNE – Get Rating) last released its earnings results on Thursday, August 4th. The company reported ($5.56) earnings per share for the quarter, missing the consensus estimate of ($4.23) by ($1.33). The company had revenue of $341.57 million for the quarter, compared to analysts' expectations of $297.28 million. BeiGene had a negative net margin of 187.65% and a negative return on equity of 38.58%. Equities analysts expect that BeiGene, Ltd. will post -17.02 earnings per share for the current year.

Institutional Investors Weigh In On BeiGene

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors increased its holdings in shares of BeiGene by 11.2% in the first quarter. Capital International Investors now owns 7,055,295 shares of the company's stock worth $1,337,378,000 after purchasing an additional 711,396 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of BeiGene by 8.7% in the second quarter. Primecap Management Co. CA now owns 4,031,449 shares of the company's stock worth $652,490,000 after purchasing an additional 322,645 shares during the last quarter. Pictet Asset Management SA increased its holdings in shares of BeiGene by 301.5% in the second quarter. Pictet Asset Management SA now owns 308,919 shares of the company's stock worth $49,999,000 after purchasing an additional 231,976 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of BeiGene by 77.1% in the first quarter. Bank of America Corp DE now owns 414,466 shares of the company's stock worth $78,169,000 after purchasing an additional 180,470 shares during the last quarter. Finally, Bridgewater Associates LP increased its holdings in shares of BeiGene by 67.3% in the first quarter. Bridgewater Associates LP now owns 383,818 shares of the company's stock worth $72,388,000 after purchasing an additional 154,335 shares during the last quarter. 51.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded BeiGene from a "sell" rating to a "hold" rating in a research note on Monday, August 8th. Morgan Stanley dropped their price target on BeiGene from $300.00 to $293.00 and set an "overweight" rating on the stock in a research note on Friday, July 15th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and issued a $296.00 price target on shares of BeiGene in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $299.25.

BeiGene Company Profile

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BeiGene, Ltd., a biotechnology company, focuses on discovering, developing, manufacturing, and commercializing various medicines worldwide. Its products include BRUKINSA to treat relapsed/refractory (R/R) mantle cell lymphoma; Tislelizumab to treat R/R classical Hodgkin's lymphoma; REVLIMID to treat multiple myeloma; VIDAZA to treat myelodysplastic syndromes, chronic myelomonocyte leukemia, and acute myeloid leukemia; XGEVA to treat giant cell tumor of bone; BLINCYTO to treat acute lymphoblastic leukemia; KYPROLIS to treat R/R multiple myeloma; SYLVANT to treat idiopathic multicentric castleman disease; QARZIBA to treat neuroblastoma; Pamiparib for the treatment of various solid tumors; and Pobevcy to treat metastatic colorectal cancer, liver cancer, and non-small cell lung cancer (NSCLC).

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