BeiGene, Ltd. (NASDAQ:BGNE) CEO John Oyler sold 25,054 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $83.06, for a total transaction of $2,080,985.24. Following the completion of the transaction, the chief executive officer now owns 491,891 shares of the company’s stock, valued at approximately $40,856,466.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
John Oyler also recently made the following trade(s):
- On Wednesday, November 15th, John Oyler sold 150,957 shares of BeiGene stock. The shares were sold at an average price of $80.50, for a total transaction of $12,152,038.50.
Shares of BeiGene, Ltd. (BGNE) traded up $4.26 during midday trading on Friday, reaching $84.69. 252,400 shares of the company’s stock were exchanged, compared to its average volume of 191,800. BeiGene, Ltd. has a 52 week low of $26.43 and a 52 week high of $118.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 8.38 and a quick ratio of 8.38.
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Hedge funds have recently bought and sold shares of the business. Employees Retirement System of Texas purchased a new stake in BeiGene during the second quarter valued at about $2,855,000. Baillie Gifford & Co. lifted its stake in BeiGene by 5.0% during the second quarter. Baillie Gifford & Co. now owns 74,424 shares of the company’s stock valued at $3,349,000 after buying an additional 3,559 shares in the last quarter. Hillhouse Capital Management Ltd. lifted its stake in BeiGene by 172.6% during the second quarter. Hillhouse Capital Management Ltd. now owns 3,720,726 shares of the company’s stock valued at $167,433,000 after buying an additional 2,355,906 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in BeiGene during the second quarter valued at about $7,373,000. Finally, Myriad Asset Management Ltd. lifted its stake in BeiGene by 16.6% during the second quarter. Myriad Asset Management Ltd. now owns 385,585 shares of the company’s stock valued at $17,351,000 after buying an additional 54,900 shares in the last quarter. 52.09% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on BGNE shares. Maxim Group set a $120.00 price target on shares of BeiGene and gave the company a “buy” rating in a report on Tuesday. Cowen and Company reissued a “buy” rating on shares of BeiGene in a report on Tuesday. Robert W. Baird reissued a “neutral” rating and issued a $83.00 price target (up from $58.00) on shares of BeiGene in a report on Tuesday. Zacks Investment Research downgraded shares of BeiGene from a “hold” rating to a “sell” rating in a report on Monday. Finally, Morgan Stanley reissued an “overweight” rating and issued a $95.00 price target (up from $87.00) on shares of BeiGene in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. BeiGene presently has an average rating of “Buy” and a consensus price target of $96.67.
BeiGene Company Profile
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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