Jane Huang Sells 1,100 Shares of Beigene Ltd (BGNE) Stock

Beigene Ltd (NASDAQ:BGNE) CMO Jane Huang sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $86.00, for a total transaction of $94,600.00. Following the transaction, the chief marketing officer now directly owns 264,900 shares of the company’s stock, valued at $22,781,400. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jane Huang also recently made the following trade(s):

  • On Thursday, November 16th, Jane Huang sold 600 shares of Beigene stock. The stock was sold at an average price of $85.00, for a total transaction of $51,000.00.
  • On Monday, November 20th, Jane Huang sold 1,600 shares of Beigene stock. The stock was sold at an average price of $86.25, for a total transaction of $138,000.00.

Shares of Beigene Ltd (BGNE) traded down $3.61 during midday trading on Thursday, reaching $92.76. 288,100 shares of the company traded hands, compared to its average volume of 204,903. The company has a quick ratio of 9.27, a current ratio of 9.33 and a debt-to-equity ratio of 0.20. Beigene Ltd has a 12 month low of $26.43 and a 12 month high of $118.95.

Beigene (NASDAQ:BGNE) last issued its quarterly earnings results on Monday, November 13th. The company reported $2.54 EPS for the quarter, topping the consensus estimate of $0.23 by $2.31. The company had revenue of $220.21 million during the quarter, compared to analysts’ expectations of $1.55 million. During the same period in the previous year, the firm posted ($1.08) EPS. equities research analysts expect that Beigene Ltd will post -2.04 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Beigene during the 2nd quarter worth $111,000. Quantbot Technologies LP acquired a new stake in Beigene during the 3rd quarter worth $160,000. Renaissance Technologies LLC acquired a new stake in Beigene during the 1st quarter worth $238,000. Profund Advisors LLC acquired a new stake in Beigene during the 2nd quarter worth $248,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Beigene during the 3rd quarter worth $248,000. 55.34% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on BGNE shares. Maxim Group set a $120.00 price target on shares of Beigene and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Cowen reaffirmed a “buy” rating on shares of Beigene in a report on Tuesday, November 14th. Zacks Investment Research raised shares of Beigene from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday, October 3rd. Goldman Sachs Group reaffirmed a “buy” rating and set a $86.00 target price (up from $43.00) on shares of Beigene in a report on Tuesday, August 15th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $83.00 target price (up from $58.00) on shares of Beigene in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $96.67.

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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.

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