China Universal Asset Management Co. Ltd. lessened its holdings in shares of Biogen Inc. (NASDAQ:BIIB - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,905 shares of the biotechnology company's stock after selling 5,665 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Biogen were worth $4,207,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC increased its position in Biogen by 417.9% during the 4th quarter. WPG Advisers LLC now owns 145 shares of the biotechnology company's stock worth $26,000 after purchasing an additional 117 shares in the last quarter. Accredited Wealth Management LLC increased its position in Biogen by 1,233.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 200 shares of the biotechnology company's stock worth $28,000 after purchasing an additional 185 shares in the last quarter. First Horizon Corp acquired a new stake in Biogen during the 4th quarter worth approximately $30,000. WFA of San Diego LLC acquired a new stake in Biogen during the 2nd quarter worth approximately $32,000. Finally, True Wealth Design LLC increased its position in Biogen by 62.9% during the 3rd quarter. True Wealth Design LLC now owns 233 shares of the biotechnology company's stock worth $33,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 87.93% of the company's stock.
Biogen Stock Performance
Biogen stock opened at $187.88 on Friday. The company has a market cap of $27.57 billion, a PE ratio of 21.33, a P/E/G ratio of 2.54 and a beta of 0.16. The company has a fifty day moving average price of $185.37 and a two-hundred day moving average price of $174.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.68 and a quick ratio of 2.03. Biogen Inc. has a 12 month low of $115.25 and a 12 month high of $202.41.
Biogen (NASDAQ:BIIB - Get Free Report) last released its quarterly earnings data on Friday, February 6th. The biotechnology company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.38. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.21 billion. Biogen had a net margin of 13.07% and a return on equity of 12.64%. The firm's revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.44 earnings per share. Biogen has set its FY 2026 guidance at 15.250-16.250 EPS. Research analysts expect that Biogen Inc. will post 15.75 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently issued reports on BIIB shares. Sanford C. Bernstein reissued a "market perform" rating on shares of Biogen in a research report on Monday, February 9th. JPMorgan Chase & Co. increased their price objective on shares of Biogen from $175.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday. Barclays initiated coverage on shares of Biogen in a research report on Thursday, February 19th. They issued an "equal weight" rating and a $185.00 price objective for the company. Oppenheimer increased their price objective on shares of Biogen from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday, April 1st. Finally, Wolfe Research set a $231.00 price objective on shares of Biogen in a research report on Monday, February 9th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $211.31.
Check Out Our Latest Stock Analysis on Biogen
Insider Transactions at Biogen
In other Biogen news, insider Priya Singhal sold 2,660 shares of the firm's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $199.83, for a total value of $531,547.80. Following the sale, the insider directly owned 8,043 shares in the company, valued at approximately $1,607,232.69. This trade represents a 24.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company's stock.
Biogen News Summary
Here are the key news stories impacting Biogen this week:
Biogen Company Profile
(
Free Report)
Biogen Inc is a multinational biotechnology company focused on discovering, developing and delivering therapies for neurological and neurodegenerative diseases. Headquartered in Cambridge, Massachusetts, the company has a longstanding emphasis on neuroscience, with research and commercial activities spanning multiple therapeutic areas including multiple sclerosis, spinal muscular atrophy and Alzheimer's disease. Biogen was founded in 1978 and has grown into a global biopharmaceutical firm with operations and commercial presence across North America, Europe, Japan and other international markets.
The company's marketed portfolio has historically included several well-known therapies for multiple sclerosis such as Avonex, Tysabri and Tecfidera, and it has pursued treatments for rare neurological conditions and genetic neuromuscular disorders.
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