20,000 Shares in Zai Lab (NASDAQ:ZLAB) Acquired by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. purchased a new position in shares of Zai Lab (NASDAQ:ZLAB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the company’s stock, valued at approximately $424,000.

Other institutional investors have also bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Zai Lab by 64.9% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 917,123 shares of the company’s stock worth $19,471,000 after acquiring an additional 360,801 shares during the period. Segantii Capital Management Ltd raised its position in shares of Zai Lab by 68.7% in the fourth quarter. Segantii Capital Management Ltd now owns 382,769 shares of the company’s stock valued at $8,126,000 after buying an additional 155,912 shares in the last quarter. Hudson Bay Capital Management LP raised its position in shares of Zai Lab by 71.7% in the fourth quarter. Hudson Bay Capital Management LP now owns 164,574 shares of the company’s stock valued at $3,494,000 after buying an additional 68,729 shares in the last quarter. NINE MASTS CAPITAL Ltd raised its position in shares of Zai Lab by 28.0% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 64,000 shares of the company’s stock valued at $1,359,000 after buying an additional 14,000 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Zai Lab in the third quarter valued at approximately $945,000. Institutional investors and hedge funds own 21.00% of the company’s stock.

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A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Zai Lab from a “sell” rating to a “hold” rating in a research report on Thursday, March 22nd. Leerink Swann reiterated an “outperform” rating on shares of Zai Lab in a research report on Friday, March 23rd. Finally, JPMorgan Chase upgraded shares of Zai Lab from a “neutral” rating to an “overweight” rating and set a $32.00 price target for the company in a research report on Wednesday, February 14th.

Shares of ZLAB opened at $21.44 on Friday. Zai Lab has a one year low of $19.80 and a one year high of $35.74.

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Zai Lab Company Profile

Zai Lab Limited, a biopharmaceutical company, engages in discovering or licensing, developing, and commercializing proprietary therapeutics for oncology, and autoimmune and infectious disease therapies in China. Its drug candidates include ZL-2306, a poly ADP ribose polymerase 1/2 inhibitor for the treatment of ovarian, breast, and lung cancers; ZL-2401, an antibiotic for the treatment of acute bacterial skin/skin structure infections, community-acquired bacterial pneumonias, and urinary tract infections; ZL-2301 that is Phase II clinical trial for the treatment of hepatocellular carcinoma; ZL-3101, a novel steroid-sparing topical product that is in Phase II clinical trial for the treatment of eczema and psoriasis; ZL-2302 for the treatment of non-small cell lung cancer; and ZL-1101, an anti-OX40 antagonistic antibody for the treatment of graft-versus-host disease or systemic lupus erythematosus.

Institutional Ownership by Quarter for Zai Lab (NASDAQ:ZLAB)

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