Temasek Holdings Private Ltd lessened its stake in shares of BeiGene, Ltd. (NASDAQ:BGNE - Free Report) by 20.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,388,576 shares of the company's stock after selling 625,595 shares during the quarter. BeiGene comprises 2.2% of Temasek Holdings Private Ltd's investment portfolio, making the stock its 14th biggest holding. Temasek Holdings Private Ltd owned about 2.45% of BeiGene worth $536,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently made changes to their positions in BGNE. Raymond James & Associates grew its holdings in BeiGene by 0.4% during the second quarter. Raymond James & Associates now owns 21,275 shares of the company's stock worth $3,035,000 after buying an additional 76 shares in the last quarter. EFG Asset Management North America Corp. boosted its holdings in BeiGene by 21.7% during the second quarter. EFG Asset Management North America Corp. now owns 17,780 shares of the company's stock worth $2,540,000 after purchasing an additional 3,170 shares during the last quarter. Van ECK Associates Corp increased its stake in BeiGene by 8.9% in the 2nd quarter. Van ECK Associates Corp now owns 95,577 shares of the company's stock valued at $13,636,000 after buying an additional 7,816 shares during the last quarter. Fiera Capital Corp lifted its position in shares of BeiGene by 45.9% during the 2nd quarter. Fiera Capital Corp now owns 3,736 shares of the company's stock worth $533,000 after buying an additional 1,176 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in shares of BeiGene by 1.4% in the second quarter. TD Asset Management Inc now owns 114,378 shares of the company's stock valued at $16,318,000 after buying an additional 1,599 shares during the period. 48.55% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, SVP Chan Henry Lee sold 1,202 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $237.10, for a total transaction of $284,994.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Xiaodong Wang sold 40,468 shares of BeiGene stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $190.10, for a total transaction of $7,692,966.80. The disclosure for this sale can be found here. Insiders sold a total of 57,845 shares of company stock valued at $11,514,300 over the last three months. 7.43% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. JMP Securities initiated coverage on shares of BeiGene in a report on Wednesday, September 18th. They issued a "market outperform" rating and a $288.00 price target on the stock. Morgan Stanley reissued an "overweight" rating and set a $300.00 price target on shares of BeiGene in a research note on Tuesday. TD Cowen increased their target price on BeiGene from $254.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Citigroup raised their price target on shares of BeiGene from $269.00 to $288.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Finally, StockNews.com downgraded BeiGene from a "buy" rating to a "hold" rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $253.69.
View Our Latest Analysis on BeiGene
BeiGene Trading Up 2.6 %
BeiGene stock traded up $5.15 during trading hours on Friday, hitting $206.81. The company had a trading volume of 163,495 shares, compared to its average volume of 274,211. The company has a 50-day moving average price of $212.08 and a two-hundred day moving average price of $185.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.72 and a current ratio of 1.93. BeiGene, Ltd. has a 1 year low of $126.97 and a 1 year high of $248.16. The firm has a market cap of $20.14 billion, a P/E ratio of -24.47 and a beta of 0.57.
BeiGene (NASDAQ:BGNE - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($1.15) earnings per share for the quarter, missing analysts' consensus estimates of ($1.11) by ($0.04). BeiGene had a negative net margin of 25.94% and a negative return on equity of 25.12%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $983.26 million. During the same period last year, the firm earned $2.01 earnings per share. The company's revenue for the quarter was up 28.2% on a year-over-year basis. On average, sell-side analysts anticipate that BeiGene, Ltd. will post -5.49 earnings per share for the current year.
About BeiGene
(
Free Report)
BeiGene, Ltd., through its subsidiaries, engages in the development and commercialization of oncology medicines worldwide. Its products include BRUKINSA to treat various blood cancers; TEVIMBRA to treat various solid tumor and blood cancers; PARTRUVIX for the treatment of various solid tumor malignancies; XGEVA to treat bone metastases from solid tumors and multiple myeloma, as well as giant cell tumor of bone; BLINCYTO to treat acute lymphoblastic leukemia; KYPROLIS to treat R/R multiple myeloma; REVLIMID to treat multiple myeloma; VIDAZA to treat myelodysplastic syndromes, chronic myelomonocyte leukemia, and acute myeloid leukemia; SYLVANT to treat idiopathic multicentric castleman disease; QARZIBA to treat neuroblastoma; POBEVCY to treat metastatic colorectal cancer, liver cancer, and non-small cell lung cancer (NSCLC); BAITUOWEI, to treat breast and prostate cancers; TAFINLAR and MEKINIST to treat NSCLC and melanoma; VOTRIENT for advance renal cell carcinoma; AFINITOR for advance renal cell carcinoma, NET, SEGA, & breast cancers; and ZYKADIA to treat ALK + NSCLC.
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![Institutional Ownership by Quarter for BeiGene (NASDAQ:BGNE)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=BGNE)
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