FMR LLC adjusts its interest in Blueprint Medicines Corp

FMR LLC adjusts its interest in Blueprint Medicines Corp

On October 31, 2023, FMR LLC (Trades, Portfolio), a prominent investment firm, has significantly reshuffled its holdings in Blueprint Medicines Corp (BPMC, Financial), a biopharmaceutical company. The company reduced its stake by 1,412,144 shares, resulting in a change in its position of -23.21%. This deal had a slight impact of -0.01%. FMR LLC (Trades, Portfolio) with the trade executed at $58.86 per share. post transaction, FMR LLC (Trades, Portfolio) owns a total of 4,673,111 shares of Blueprint Medicines, representing an ownership of 7.69% and a position size of 0.02% within the company’s portfolio.

Recognition at a glance FMR LLC (Trades, Portfolio)

FMR LLC (Trades, Portfolio), known as Fidelity, was founded in 1946 by Edward C. Johnson II. The company has a rich history of taking calculated risks and seeking out stocks with growth potential. Fidelity’s investment philosophy is rooted in individual decision-making and innovation, a legacy carried on by Edward C. Johnson III and later CEO Abigail Johnson. Focusing on the technology and healthcare sectors, Fidelity has grown to manage a stock portfolio worth $1,154.67 trillion, with the largest holdings in blue-chip companies such as Apple Inc (AAPL, Financial) and Inc (AMZN, Financial). 1724549113057439744.png

Pharmaceutical company chart at a glance

Blueprint Medicines Corp, founded in the USA, went public on April 30, 2015. The company is dedicated to developing innovative treatments for diseases caused by abnormal kinase activation. Its pipeline includes small molecule drugs for the treatment of cancer and rare genetic diseases, with leading candidates such as BLU-285 and BLU-554 targeting specific cancer-causing mutations. Blueprint Medicines operates across various segments, including collaboration and licensing revenue, and has a market capitalization of $3.93 billion. 1724549094451507200.png

Detailed transaction details

Trade details reveal this FMR LLC (Trades, Portfolio) On October 31, 2023, it was executed at a price of $58.86, with the company’s shares of Blueprint Medicines Corp after the transaction totaling 4,673,111. This represents a stake of 7.69% in the company and 0.02% in it FMR LLC (trades, portfolio) for the portfolio. The rate of change in business is significant, which indicates a strategic move by the company.

Market performance of Blueprint Medicines Corp

Currently, Blueprint Medicines Corp’s stock price is $64.73, reflecting a gain of 9.97% since the date of the transaction. The stock is considered “modestly overvalued” with a GF value of $49.94 and a GF price-to-value ratio of 1.30. The company’s stock has seen a 176.15% increase since its IPO and a 49.49% rise year-to-date.

Financial health and growth prospects

Blueprint Medicines Corp’s financial health is characterized by a cash-to-debt ratio of 2.13, with a financial strength rating of 4/10. The company’s profitability rating is 3/10, while its growth rating is 8/10. Despite a negative ROE of -133.15% and ROI of -44.45%, the company has shown revenue growth of 35.00% over the past three years.

Comparative analysis with other teachers

Other prominent investors, e.g Ken Fisher (Trades, Portfolio) and Jefferies Group (Trades, Portfolio), they also hold positions in Blueprint Medicines Corp Vanguard Healthcare Fund (Trades, Portfolio) is the largest expert shareholder, although the exact percentage of shares is not provided. This context highlights the diverse interest in blueprints within the investment community.

Concluding thoughts on FMR LLC (Trades, Portfolio) Edit portfolio

FMR LLC (Trades, Portfolio) The recent downgrade in shares of Blueprint Medicines Corp. signals a strategic portfolio realignment. While the impact of the transaction on the company’s portfolio was minimal, it could reflect a response to the company’s current valuation, financial health or growth outlook. As Blueprint Medicines continues to innovate in biotechnology, FMR LLC (Trades, Portfolio) Other investors are likely to monitor its performance closely, adjusting their positions as necessary to align with their investment strategies and market movements.

This article, created by GuruFocus, is designed to provide general insights and is not personalized financial advice. Our commentary is grounded in historical data and analyst forecasts, using an unbiased methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or liquidate any shares and does not take into account individual investment objectives or financial circumstances. Our goal is to provide long-term, data-driven fundamental analysis. Be aware that our analysis may not include the latest company announcements or qualitative price-sensitive information. GuruFocus holds no position in the stocks mentioned here.

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