Ashmore Group Plc Has Cut Bitauto Hldgs LTD (BITA) Position by $1.27 Million as Shares Rose; Servicenow (NOW) Market Value Rose While Partner Fund Management LP Has Decreased Position

January 19, 2018 - By Ellis Scott

Christopher Medlock James decreased its stake in Servicenow Inc (NOW) by 14.8% based on its latest 2017Q3 regulatory filing with the SEC. Partner Fund Management Lp sold 91,546 shares as the company’s stock rose 7.07% with the market. The hedge fund run by Christopher Medlock James held 527,190 shares of the technology company at the end of 2017Q3, valued at $61.96M, down from 618,736 at the end of the previous reported quarter. Partner Fund Management Lp who had been investing in Servicenow Inc for a number of months, seems to be less bullish one the $24.37 billion market cap company. The stock increased 0.24% or $0.34 during the last trading session, reaching $141.13. About 1.29M shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 42.37% since January 19, 2017 and is uptrending. It has outperformed by 25.67% the S&P500.

Ashmore Group Plc decreased its stake in Bitauto Hldgs Ltd (BITA) by 17% based on its latest 2017Q3 regulatory filing with the SEC. Ashmore Group Plc sold 28,856 shares as the company’s stock rose 71.89% with the market. The institutional investor held 140,896 shares of the edp services company at the end of 2017Q3, valued at $6.30M, down from 169,752 at the end of the previous reported quarter. Ashmore Group Plc who had been investing in Bitauto Hldgs Ltd for a number of months, seems to be less bullish one the $2.64B market cap company. The stock increased 2.55% or $0.95 during the last trading session, reaching $38.14. About 775,495 shares traded. Bitauto Holdings Limited (NYSE:BITA) has risen 69.99% since January 19, 2017 and is uptrending. It has outperformed by 53.29% the S&P500.

Among 9 analysts covering Bitauto Holdings (NYSE:BITA), 8 have Buy rating, 1 Sell and 0 Hold. Therefore 89% are positive. Bitauto Holdings had 15 analyst reports since October 29, 2015 according to SRatingsIntel. The stock of Bitauto Holdings Limited (NYSE:BITA) earned “Buy” rating by Citigroup on Thursday, October 29. The stock has “Buy” rating by Citigroup on Tuesday, January 2. On Wednesday, March 9 the stock rating was upgraded by Credit Suisse to “Outperform”. The company was downgraded on Wednesday, May 24 by CLSA. The firm has “Underweight” rating given on Monday, May 16 by Morgan Stanley. CLSA downgraded the shares of BITA in report on Tuesday, November 10 to “Underperform” rating. The company was initiated on Friday, July 8 by Macquarie Research. The stock of Bitauto Holdings Limited (NYSE:BITA) has “Neutral” rating given on Tuesday, February 23 by JP Morgan. The stock of Bitauto Holdings Limited (NYSE:BITA) earned “Buy” rating by Credit Agricole on Monday, February 22. The firm has “Buy” rating by HSBC given on Wednesday, January 27.

Ashmore Group Plc, which manages about $216.65M US Long portfolio, upped its stake in Ypf Sociedad Anonima (NYSE:YPF) by 65,321 shares to 207,494 shares, valued at $4.62M in 2017Q3, according to the filing. It also increased its holding in Embraer S A (NYSE:ERJ) by 55,917 shares in the quarter, for a total of 182,857 shares, and has risen its stake in Petroleo Brasileiro Sa Petro.

Analysts await ServiceNow, Inc. (NYSE:NOW) to report earnings on January, 24. They expect $-0.06 EPS, up 60.00% or $0.09 from last year’s $-0.15 per share. After $-0.06 actual EPS reported by ServiceNow, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since August 1, 2017, it had 0 buys, and 10 sales for $131.38 million activity. Shares for $8.08M were sold by Scarpelli Michael. LUDDY FREDERIC B sold $12.05M worth of stock or 100,000 shares. The insider Schneider David sold $1.75 million.

Partner Fund Management Lp, which manages about $5.09B US Long portfolio, upped its stake in Endologix Inc (NASDAQ:ELGX) by 1.06 million shares to 6.66 million shares, valued at $29.70M in 2017Q3, according to the filing. It also increased its holding in Activision Blizzard Inc (NASDAQ:ATVI) by 614,128 shares in the quarter, for a total of 1.11 million shares, and has risen its stake in Juno Therapeutics Inc (NASDAQ:JUNO).

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.15, from 1.23 in 2017Q2. It improved, as 23 investors sold NOW shares while 115 reduced holdings. 61 funds opened positions while 130 raised stakes. 170.65 million shares or 1.96% more from 167.38 million shares in 2017Q2 were reported. Price T Rowe Associates Inc Md, Maryland-based fund reported 19.26M shares. Efg Asset Mngmt (Americas) has invested 0.18% in ServiceNow, Inc. (NYSE:NOW). Echo Street Capital Mngmt Ltd Liability Corp stated it has 119,846 shares. Schwab Charles Inv has 305,581 shares for 0.03% of their portfolio. Massachusetts-based Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma has invested 0.01% in ServiceNow, Inc. (NYSE:NOW). 38,038 are owned by D E Shaw. Thrivent Fin For Lutherans invested 0.08% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Pitcairn holds 0.13% or 9,934 shares. Engineers Gate Manager Ltd Partnership stated it has 0.09% in ServiceNow, Inc. (NYSE:NOW). Credit Agricole S A has invested 0.02% in ServiceNow, Inc. (NYSE:NOW). Plante Moran Ltd Co stated it has 0.01% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Asset One Ltd has invested 0.08% in ServiceNow, Inc. (NYSE:NOW). Lord Abbett And Co Ltd Co accumulated 96,456 shares. The Connecticut-based Aqr Capital Mgmt has invested 0.01% in ServiceNow, Inc. (NYSE:NOW). Ledyard Bank & Trust stated it has 96 shares.

Among 40 analysts covering ServiceNow Inc (NYSE:NOW), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. ServiceNow Inc had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Hold” rating by Stifel Nicolaus on Thursday, October 26. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Cowen & Co on Thursday, July 27. UBS maintained the stock with “Buy” rating in Wednesday, December 2 report. Robert W. Baird maintained ServiceNow, Inc. (NYSE:NOW) rating on Friday, October 6. Robert W. Baird has “Buy” rating and $120.0 target. The firm has “Outperform” rating by Credit Suisse given on Thursday, October 26. The company was maintained on Thursday, October 12 by BMO Capital Markets. Robert W. Baird maintained ServiceNow, Inc. (NYSE:NOW) on Thursday, August 31 with “Buy” rating. RBC Capital Markets maintained the stock with “Top Pick” rating in Thursday, January 28 report. The firm earned “Buy” rating on Thursday, November 9 by UBS. Mizuho maintained the stock with “Buy” rating in Thursday, January 26 report.

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