Howard Liang Sells 1,800 Shares of Beigene Ltd (BGNE) Stock

Beigene Ltd (NASDAQ:BGNE) CFO Howard Liang sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $130.01, for a total transaction of $234,018.00. Following the completion of the sale, the chief financial officer now owns 52,338 shares in the company, valued at approximately $6,804,463.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Howard Liang also recently made the following trade(s):

  • On Tuesday, May 21st, Howard Liang sold 23,200 shares of Beigene stock. The stock was sold at an average price of $130.21, for a total transaction of $3,020,872.00.

Shares of BGNE stock traded down $2.24 during trading hours on Friday, reaching $117.93. 384,000 shares of the stock were exchanged, compared to its average volume of 338,612. The stock has a market cap of $5.69 billion, a PE ratio of -9.71 and a beta of 1.07. The company has a current ratio of 7.52, a quick ratio of 7.47 and a debt-to-equity ratio of 0.14. Beigene Ltd has a 12-month low of $105.19 and a 12-month high of $220.10.

Beigene (NASDAQ:BGNE) last released its quarterly earnings data on Thursday, May 9th. The company reported ($2.81) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.15) by $0.34. The company had revenue of $77.83 million during the quarter, compared to analysts’ expectations of $55.79 million. Beigene had a negative net margin of 302.58% and a negative return on equity of 44.75%. The firm’s quarterly revenue was up 139.2% on a year-over-year basis. During the same period in the previous year, the company earned ($2.03) EPS. Sell-side analysts forecast that Beigene Ltd will post -13.16 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in Beigene by 2.3% in the 4th quarter. FMR LLC now owns 5,594,173 shares of the company’s stock valued at $784,639,000 after buying an additional 128,072 shares during the period. Hillhouse Capital Advisors Ltd. bought a new stake in shares of Beigene in the 4th quarter valued at about $622,467,000. BlackRock Inc. raised its holdings in shares of Beigene by 2.5% in the 1st quarter. BlackRock Inc. now owns 1,923,650 shares of the company’s stock valued at $253,922,000 after purchasing an additional 46,540 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Beigene by 0.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,121,497 shares of the company’s stock valued at $157,288,000 after purchasing an additional 5,627 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Beigene by 11.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,064,236 shares of the company’s stock valued at $183,283,000 after purchasing an additional 105,702 shares in the last quarter. 81.37% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on BGNE. Zacks Investment Research upgraded shares of Beigene from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Maxim Group set a $170.00 price target on shares of Beigene and gave the stock a “buy” rating in a research note on Thursday, February 28th. ValuEngine downgraded shares of Beigene from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 15th. Morgan Stanley lifted their price target on shares of Beigene from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Finally, Piper Jaffray Companies dropped their price objective on shares of Beigene to $170.00 and set an “overweight” rating for the company in a research note on Thursday, February 28th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $180.19.

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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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