Independent Franchise Partners Llp Increases Position in Ebay (EBAY); As Bio (TECH) Stock Value Declined, Kornitzer Capital Management Has Boosted Stake

Bio-Techne Corporation (NASDAQ:TECH) Logo

Kornitzer Capital Management Inc increased its stake in Bio (TECH) by 114.01% based on its latest 2018Q3 regulatory filing with the SEC. Kornitzer Capital Management Inc bought 148,297 shares as the company’s stock declined 20.41% with the market. The institutional investor held 278,368 shares of the biological products (no diagnostic substances) company at the end of 2018Q3, valued at $56.82M, up from 130,071 at the end of the previous reported quarter. Kornitzer Capital Management Inc who had been investing in Bio for a number of months, seems to be bullish on the $6.94B market cap company. The stock decreased 0.27% or $0.5 during the last trading session, reaching $183.73. About 198,779 shares traded. Bio-Techne Corporation (NASDAQ:TECH) has risen 20.74% since February 10, 2018 and is uptrending. It has outperformed by 20.74% the S&P500. Some Historical TECH News: 02/05/2018 – Bio-Techne Releases Third Quarter Fiscal 2018 Results; 24/04/2018 – Bio-Techne Announces New Leadership Appointment; 02/05/2018 – Bio-Techne 3Q Adj EPS $1.21; 10/05/2018 – Bio-Techne at UBS Global Health Care Conference May 22; 11/05/2018 – Bio-Techne Presenting at UBS Conference May 22; 21/03/2018 – Bio-Techne Expands RNAscope┬« ISH Automation – Facilitating Drug Discovery and Development; 21/05/2018 – Bio-Techne Presenting at UBS Conference Tomorrow; 02/05/2018 – Bio-Techne 3Q EPS 52c; 24/04/2018 – Bio-Techne Names Kim Kelderman as Pres, Diagnostics and Genomics; 14/03/2018 Bio-Techne Launches MimEX™ GI, an Accessible 3-D Cell Culturing Platform for the Gastrointestinal Tract

Independent Franchise Partners Llp increased its stake in Ebay Inc (EBAY) by 14.57% based on its latest 2018Q3 regulatory filing with the SEC. Independent Franchise Partners Llp bought 2.76 million shares as the company’s stock declined 14.03% with the market. The institutional investor held 21.67 million shares of the business services company at the end of 2018Q3, valued at $715.42M, up from 18.91 million at the end of the previous reported quarter. Independent Franchise Partners Llp who had been investing in Ebay Inc for a number of months, seems to be bullish on the $32.26 billion market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $35.26. About 10.23 million shares traded. eBay Inc. (NASDAQ:EBAY) has declined 21.36% since February 10, 2018 and is downtrending. It has underperformed by 21.36% the S&P500. Some Historical EBAY News: 09/05/2018 – @eBay will relaunch its India business after selling its Flipkart stake to Walmart – and it will gross more than $1 billion from exiting the relationship; 09/03/2018 – Stealth Mark Joins the Industry Council for Tangible Assets and its Anti-Counterfeiting Task Force; 09/04/2018 – StarMakerFX Partners with eBay for Charity and Autism Speaks; 09/05/2018 – EBAY TO SELL ITS HOLDINGS IN FLIPKART; 21/05/2018 – Permira: Magento Commerce Was Acquired by Permira Funds From eBay Inc. in 2015; 14/03/2018 – Google, Apple face EU law on business practices; 01/05/2018 – OfferUp went head to head with Craiglist to build a following. Now it’s going after eBay to build a business; 25/04/2018 – EBAY 1Q TOTAL MARKETPLACE GMV $22.55B; 01/05/2018 – Pitney Bowes and eBay Renew Partnership to Help Millions of eBay Sellers Reach Buyers Internationally; 25/04/2018 – eBay Sees FY Cont Ops EPS $1.65-EPS $1.75

Kornitzer Capital Management Inc, which manages about $11.35 billion and $6.29B US Long portfolio, decreased its stake in Generac Holdings Inc (NYSE:GNRC) by 56,520 shares to 129,285 shares, valued at $7.29 million in 2018Q3, according to the filing. It also reduced its holding in Intercontinental Exchange Inc (NYSE:ICE) by 57,420 shares in the quarter, leaving it with 449,345 shares, and cut its stake in General Electric (NYSE:GE).

More notable recent Bio-Techne Corporation (NASDAQ:TECH) news were published by: Nasdaq.com which released: “Wall Street’s Risk Appetite Improves on Upcoming Trade Talks, Tech Sector Gains – Nasdaq” on January 25, 2019, also Nasdaq.com with their article: “Tech Stocks This Week: Apple and Facebook Pop As Microsoft Pulls Back – Nasdaq” published on February 02, 2019, Nasdaq.com published: “European shares hit highest level in nearly two months, helped by tech rally – Nasdaq” on January 25, 2019. More interesting news about Bio-Techne Corporation (NASDAQ:TECH) were released by: Nasdaq.com and their article: “SolarWinds to Host Technology Briefing and Networking Event During AFCEA West 2019 – Nasdaq” published on February 05, 2019 as well as Nasdaq.com‘s news article titled: “Technology Sector Update for 01/11/2019: HIMX,AAPL,ATVI – Nasdaq” with publication date: January 11, 2019.

Since August 23, 2018, it had 0 insider buys, and 2 selling transactions for $2.82 million activity. 5,000 shares valued at $942,334 were sold by BAUMGARTNER ROBERT V on Friday, August 24.

Investors sentiment decreased to 0.86 in Q3 2018. Its down 0.15, from 1.01 in 2018Q2. It is negative, as 30 investors sold TECH shares while 112 reduced holdings. 52 funds opened positions while 70 raised stakes. 34.66 million shares or 7.06% less from 37.29 million shares in 2018Q2 were reported. Teachers Retirement Sys Of The State Of Kentucky stated it has 0.05% of its portfolio in Bio-Techne Corporation (NASDAQ:TECH). Papp L Roy And has invested 0.19% in Bio-Techne Corporation (NASDAQ:TECH). Tributary Cap Mgmt Ltd Co has invested 0.17% in Bio-Techne Corporation (NASDAQ:TECH). Spark Mngmt Lc, a New York-based fund reported 26,300 shares. Wealthtrust has invested 0.01% of its portfolio in Bio-Techne Corporation (NASDAQ:TECH). Kornitzer Cap Management Inc Ks owns 278,368 shares. Great West Life Assurance Can holds 0.01% or 21,689 shares. Etrade Capital Mgmt Ltd holds 1,568 shares or 0.01% of its portfolio. Manufacturers Life Ins Co The has invested 0.02% in Bio-Techne Corporation (NASDAQ:TECH). Oregon Pub Employees Retirement Fund owns 14,785 shares. Lord Abbett & Limited Liability Company reported 0.19% of its portfolio in Bio-Techne Corporation (NASDAQ:TECH). Osterweis Capital Mngmt holds 0.5% or 38,555 shares. Leavell Investment Management Incorporated invested in 17,851 shares or 0.39% of the stock. Piedmont Invest Advsrs has invested 0.02% in Bio-Techne Corporation (NASDAQ:TECH). Mutual Of America Cap Mngmt Lc has 32,030 shares for 0.09% of their portfolio.

Among 11 analysts covering BIO-TECHNE Corp (NASDAQ:TECH), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. BIO-TECHNE Corp had 32 analyst reports since August 18, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Thursday, October 29 by Stephens. The company was maintained on Thursday, August 9 by Citigroup. As per Tuesday, August 18, the company rating was upgraded by Zacks. The stock has “Buy” rating by Leerink Swann on Thursday, May 3. The stock of Bio-Techne Corporation (NASDAQ:TECH) earned “Buy” rating by Robert W. Baird on Tuesday, February 6. Wells Fargo initiated Bio-Techne Corporation (NASDAQ:TECH) rating on Thursday, July 13. Wells Fargo has “Hold” rating and $11000 target. Robert W. Baird maintained the shares of TECH in report on Thursday, January 18 with “Buy” rating. The rating was upgraded by Stephens on Monday, January 14 to “Overweight”. As per Thursday, November 10, the company rating was reinitiated by Leerink Swann. The stock has “Buy” rating by Deutsche Bank on Wednesday, August 9.

Investors sentiment increased to 1.05 in 2018 Q3. Its up 0.12, from 0.93 in 2018Q2. It is positive, as 51 investors sold EBAY shares while 255 reduced holdings. 92 funds opened positions while 230 raised stakes. 772.11 million shares or 4.76% less from 810.72 million shares in 2018Q2 were reported. Northern Cap Mgmt Ltd invested in 0.6% or 78,714 shares. Tam Cap Management reported 4.34% of its portfolio in eBay Inc. (NASDAQ:EBAY). Swedbank invested 0.25% in eBay Inc. (NASDAQ:EBAY). Gradient Investments Lc accumulated 0% or 300 shares. State Of Tennessee Treasury Department reported 207,642 shares. The New York-based Jane Street Gru Ltd Co has invested 0.01% in eBay Inc. (NASDAQ:EBAY). Investec Asset Mgmt Limited has invested 0% in eBay Inc. (NASDAQ:EBAY). Intact Invest Mngmt Incorporated holds 0.02% or 14,900 shares. Aviva Public Ltd, United Kingdom-based fund reported 454,474 shares. 110,617 were accumulated by Highland Capital Mngmt Lc. Thompson Inv Mngmt Inc accumulated 192,519 shares. Stevens Cap Mngmt Ltd Partnership has invested 0.72% in eBay Inc. (NASDAQ:EBAY). Lombard Odier Asset Management (Switzerland) has 6,184 shares for 0.02% of their portfolio. Primecap Management Ca stated it has 0.21% in eBay Inc. (NASDAQ:EBAY). Lakeview Cap Prtn Lc reported 0.15% stake.

Since August 29, 2018, it had 1 insider purchase, and 5 selling transactions for $3.06 million activity. On Wednesday, January 2 SWAN ROBERT HOLMES bought $501,766 worth of eBay Inc. (NASDAQ:EBAY) or 17,787 shares. $522,528 worth of eBay Inc. (NASDAQ:EBAY) was sold by Park Joo Man on Tuesday, November 27. The insider OMIDYAR PIERRE M sold $1.04 million. 3,526 shares were sold by Doerger Brian J., worth $99,473 on Tuesday, November 20.

Independent Franchise Partners Llp, which manages about $13.30 billion and $10.41B US Long portfolio, decreased its stake in Chipotle Mexican Grill Inc (NYSE:CMG) by 16,673 shares to 1.30 million shares, valued at $591.88 million in 2018Q3, according to the filing. It also reduced its holding in Zoetis Inc (NYSE:ZTS) by 6,494 shares in the quarter, leaving it with 1.11M shares, and cut its stake in Oracle Corp (NYSE:ORCL).

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