Zevenbergen Capital Investments Decreased By $5.18 Million Its Servicenow (NOW) Stake; Loral Space & Communications (LORL)’s Sentiment Is 1

March 23, 2018 - By Marguerite Chambers

Zevenbergen Capital Investments Llc decreased Servicenow Inc. (NOW) stake by 8.61% reported in 2017Q3 SEC filing. Zevenbergen Capital Investments Llc sold 44,264 shares as Servicenow Inc. (NOW)’s stock rose 7.07%. The Zevenbergen Capital Investments Llc holds 469,975 shares with $55.24 million value, down from 514,239 last quarter. Servicenow Inc. now has $29.27B valuation. The stock decreased 0.73% or $1.2255 during the last trading session, reaching $167.5345. About 725,354 shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 42.37% since March 23, 2017 and is uptrending. It has outperformed by 25.67% the S&P500.

Loral Space & Communications Inc., a satellite communications company, provides satellite communications services to broadcast, telecom, corporate, and government clients worldwide. The company has market cap of $1.39 billion. As of December 31, 2016, the firm provided satellite services to its clients through a fleet of 15 in-orbit satellites; and owns the Canadian Ka-band payload on the ViaSat-1 satellite. It has a 10.42 P/E ratio. It also offers video distribution and direct-to-home video, as well as end-to-end communications services using satellite and hybrid satellite-ground networks; and broadcast services, including DTH, video distribution and contribution, and satellite transmission services for the broadcast of video news, sports, and live event coverage.

Since October 2, 2017, it had 0 insider purchases, and 15 selling transactions for $85.43 million activity. Another trade for 19,673 shares valued at $2.80 million was made by BOSTROM SUSAN L on Friday, February 9. Schneider David sold $374,412 worth of ServiceNow, Inc. (NYSE:NOW) on Thursday, February 22. 100,000 shares valued at $16.02M were sold by Slootman Frank on Thursday, March 1. 1,636 shares were sold by Sands Anita M, worth $246,234 on Friday, February 2. $2.08 million worth of stock was sold by MILLER JEFFREY A on Tuesday, February 27. Scarpelli Michael sold $3.68 million worth of stock. The insider LUDDY FREDERIC B sold $12.05M.

Analysts await ServiceNow, Inc. (NYSE:NOW) to report earnings on April, 25. They expect $-0.07 EPS, up 61.11% or $0.11 from last year’s $-0.18 per share. After $-0.23 actual EPS reported by ServiceNow, Inc. for the previous quarter, Wall Street now forecasts -69.57% EPS growth.

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.33, from 1.38 in 2017Q2. It dropped, 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. 54,167 were reported by Blair William & Il. Polaris Greystone Gp Limited Liability owns 13,782 shares. Aperio Grp Limited Company owns 44,500 shares or 0.03% of their US portfolio. Waddell And Reed Inc invested in 1.28 million shares or 0.33% of the stock. Arrowgrass Prns (Us) Lp invested 0.26% in ServiceNow, Inc. (NYSE:NOW). New York-based Laurion Mngmt Lp has invested 0.05% in ServiceNow, Inc. (NYSE:NOW). Massachusetts Fincl Services Ma invested 0.02% in ServiceNow, Inc. (NYSE:NOW). Shell Asset Management holds 0.02% or 20,302 shares. 139,525 are owned by Scout Invests. Zevenbergen Invests Ltd accumulated 469,975 shares. Moreover, Jane Street Group Ltd Com has 0.04% invested in ServiceNow, Inc. (NYSE:NOW) for 114,220 shares. Hbk Invests Limited Partnership holds 0.05% or 54,600 shares in its portfolio. Commonwealth National Bank & Trust Of owns 0% invested in ServiceNow, Inc. (NYSE:NOW) for 577 shares. State Board Of Administration Of Florida Retirement Systems invested in 0.08% or 246,797 shares. State Of Wisconsin Board invested in 148,324 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 119 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, August 30 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was initiated on Friday, June 23 by J.P. Morgan. Robert W. Baird maintained it with “Buy” rating and $160.0 target in Thursday, February 1 report. Canaccord Genuity maintained ServiceNow, Inc. (NYSE:NOW) rating on Thursday, July 6. Canaccord Genuity has “Buy” rating and $11000 target. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Canaccord Genuity on Wednesday, January 24. As per Friday, June 17, the company rating was initiated by Oppenheimer. The firm has “Buy” rating by RBC Capital Markets given on Sunday, October 1. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Market Perform” rating by BMO Capital Markets on Tuesday, September 20. The rating was maintained by Wunderlich on Thursday, October 27 with “Buy”. On Thursday, January 26 the stock rating was maintained by BMO Capital Markets with “Outperform”.

Zevenbergen Capital Investments Llc increased Jd.Com Inc. (NASDAQ:JD) stake by 20,550 shares to 65,244 valued at $2.49M in 2017Q3. It also upped Zillow Group Inc. Class C stake by 74,090 shares and now owns 1.98M shares. Teladoc Inc. was raised too.

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