Jane Street Group LLC Takes $339,000 Position in Beigene Ltd (NASDAQ:BGNE)

Jane Street Group LLC acquired a new position in shares of Beigene Ltd (NASDAQ:BGNE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,276 shares of the company’s stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Employees Retirement System of Texas bought a new stake in Beigene during the second quarter worth approximately $2,855,000. Alps Advisors Inc. increased its holdings in shares of Beigene by 15.9% in the third quarter. Alps Advisors Inc. now owns 41,739 shares of the company’s stock valued at $4,318,000 after buying an additional 5,732 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Beigene by 25.0% in the second quarter. Parametric Portfolio Associates LLC now owns 13,496 shares of the company’s stock valued at $607,000 after buying an additional 2,700 shares in the last quarter. Westpac Banking Corp bought a new position in shares of Beigene in the third quarter valued at $662,000. Finally, Baillie Gifford & Co. increased its holdings in shares of Beigene by 5.0% in 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. Institutional investors and hedge funds own 55.32% of the company’s stock.

Beigene Ltd (NASDAQ BGNE) traded up $0.17 during mid-day trading on Thursday, reaching $101.84. 160,125 shares of the company’s stock were exchanged, compared to its average volume of 186,003. The company has a debt-to-equity ratio of 0.20, a current ratio of 9.33 and a quick ratio of 9.27. Beigene Ltd has a one year low of $31.00 and a one year high of $118.95. The company has a market capitalization of $4,630.00 and a PE ratio of -77.74.

Beigene (NASDAQ:BGNE) last released its quarterly earnings results on Monday, November 13th. The company reported $2.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $2.31. The firm had revenue of $220.21 million for the quarter, compared to the consensus estimate of $1.55 million. During the same quarter last year, the company earned ($1.08) earnings per share. equities analysts forecast that Beigene Ltd will post -2.04 earnings per share for the current fiscal year.

Several brokerages have issued reports on BGNE. Maxim Group set a $120.00 target price on shares of Beigene and gave the company a “buy” rating in a research note on Monday, December 18th. Cowen reissued a “buy” rating on shares of Beigene in a research note on Tuesday, November 14th. ValuEngine cut shares of Beigene from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. BidaskClub upgraded shares of Beigene from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Finally, Zacks Investment Research cut shares of Beigene from a “hold” rating to a “sell” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $96.67.

In related news, CMO Jane Huang sold 1,000 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $98.00, for a total value of $98,000.00. Following the completion of the transaction, the chief marketing officer now owns 1,000 shares of the company’s stock, valued at $98,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Oyler sold 150,957 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $80.50, for a total transaction of $12,152,038.50. Following the sale, the chief executive officer now directly owns 491,891 shares in the company, valued at $39,597,225.50. The disclosure for this sale can be found here. Insiders have sold 483,482 shares of company stock valued at $42,139,474 in the last ninety days. 19.90% of the stock is owned by company insiders.

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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.

Institutional Ownership by Quarter for Beigene (NASDAQ:BGNE)

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