Apple Inc. (NASDAQ:AAPL) versus Google Inc (NASDAQ:GOOGL) seems to be a never ending battle in the emerging world of technology nowadays. Apple being the standardized tech giant having complete suite of Hardware and Software choices for the users remained on the top of the industry since years, but the Mountain View tech giant is roaring and quickly catching up amid the outburst of wearables, third party integrated apps and on top of all its open source mobile OS, Android. Google Inc (NASDAQ:GOOGL) has more choices than Apple in different domains, primarily because of its “open for all” technology basis. Talking to CNBC, Daniel Ives,…
Author: M. Nadeem
Citadel Investment Group, managed by Ken Griffin, has disclosed raising its stake in Hillshire Brands Co (NYSE:HSH). According to a new filing with the U.S. Securities and Exchange Commission, the fund owns 6.19 million shares of the company, up from 1.97 million disclosed as at the end of 2013. The new stake represents 5.0% of common stock outstanding, and is passive by nature. Hillshire Brands Co (NYSE:HSH) is engaged in manufacturing and distribution of food products and its portfolio includes brands such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, among others. Based in Chicago, the company generated about…
In a new filing with the U.S. Securities and Exchange Commission, Tiger Global Management LLC, led by Chase Coleman and Feroz Dewan, has revealed a new passive stake in Tuniu Corp (NASDAQ:TOUR). The fund owns a 10.1% stake, which contains 3.60 million Class A ordinary shares, according to the filing. Tuniu Corp (NASDAQ:TOUR) is an online leisure travel company in China. It offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. The company’s market cap is around $512.9 million. Tuniu Corp (NASDAQ:TOUR)…
A new filing with the U.S. Securities and Exchange Commission reveals that Philip Hempleman’s Ardsley Partners has reduced its stake in Saba Software Inc. (OTCMKTS:SABA). According to the filing, the fund has sold 25,000 common shares in one transaction for a price of $9.6 per apiece. Following the sale, the fund holds 3.15 million shares of the company. Saba Software Inc. (OTCMKTS:SABA) provides next-generation cloud solutions for talent management. Currently, the company supports more than 31 million users from 2,100 customers across 195 countries and in 37 languages. At the beginning of the year, Ardsley Partners disclosed selling 50,000 shares…
Panning Capital Management, managed by Kieran Goodwin, is bullish on Baltic Trading Ltd (NYSE:BALT). A new filing with the U.S. Securities and Exchange Commission showed that the fund has significantly increased its position in Baltic Trading to 7.28 million shares from 2.33 million shares held previously. The new position is passive by nature and is equivalent to 14.2% of common stock outstanding. Baltic Trading Ltd (NYSE:BALT) is a $359 million market cap drybulk company focused on the spot charter market. The company transports iron ore, coal, grain, steel products and other drybulk cargoes along global shipping routes. Baltic Trading Ltd (NYSE:BALT)…
First Eagle Investment Management, managed by Jean-Marie Eveillard, has upped its position in Pain Therapeutics, Inc. (NASDAQ:PTIE). According to a new filing with the U.S. Securities and Exchange Commission, the fund currently holds 4.25 million common shares of the company, equal to 9.33% of common shares. The stake is passive by nature and represents an increase from 3.66 million million shares the fund disclosed in its latest 13F. Pain Therapeutics, Inc. (NASDAQ:PTIE) is a biopharmaceutical company that develops novel drugs. The company has a market cap of $209.4 million. Last week, Pain Therapeutics, Inc. (NASDAQ:PTIE) reported financial results for the…
In an amended filing, Brave Warrior Capital, managed by Glenn Greenberg, has disclosed upping its stake in VistaPrint Limited (NASDAQ:VPRT). Brave Warrior Capital currently owns 3.35 million shares of the company, up from 3.19 million shares held previously. The stake is passive by nature and represents 10.07% of the company’s common stock. VistaPrint Limited (NASDAQ:VPRT) is a provider of a wide range of customized printing, graphic design and marketing products and services to micro businesses and consumers. The company employs globally more than 4,600 people, operates over 25 websites globally and ships to more than 130 countries around the world.…
Park West Asset Management, led by Peter S. Park, has revealed a new passive stake in Lumenis Ltd (NASDAQ:LMNS). The fund currently owns 479,523 class B shares of the company, equal to 5.1% of the class. Lumenis (NASDAQ: LMNS) is a global leader in the field of minimally-invasive clinical solutions for the surgical, ophthalmology and aesthetic markets. The company has a market cap of $575.7 million, and has a P/E ratio of approximately 18.90 lower than the industry average, which almost amounts to 36. Shares of Lumenis (NASDAQ: LMNS) have dropped by over 20% since the beginning of the year.…
James Dinan’s York Capital Management has sold out its entire stake in Chemtura Corp (NYSE:CHMT), a new filing with the U.S. Securities and Exchange Commission shows. As of the end of the fourth quarter of 2013, the fund owned around 6.32 million shares of common stock. Chemtura Corp (NYSE:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals. The company has a market cap of $2.40 billion, and trades at a P/E ratio of 409.80. On Monday, the company shares traded at $24.98, up by 3.31%. Analysts have a consensus average target price of $31.83 on the…
In an amended filing with the U.S. Securities and Exchange Commission, Claus Moller’s P2 Capital Partners has revealed trimming its stake in Forrester Research Inc. (NASDAQ:FORR). The filing showed that P2 Capital Partners currently holds 1.44 million shares of the company. The stake is equivalent to 7.4% of common stock outstanding and represents a decrease from 1.51 million shares the fund held at the end of 2013. Forrester Research Inc. (NASDAQ:FORR) is a global research and advisory firm serving professionals in 13 key roles across three distinct client segments. The company has a market cap of $726.2 million, with the…
Soros Fund Management, managed by George Soros, has disclosed trimming its exposure in Exar Corporation (NYSE:EXAR). According to a new filing with the Securities and Exchange Commission, the fund sold 74,277 common stock shares of the company for around $11.10 per share. Following the disposal of shares, Mr. Soros’ fund owns 4.86 million shares of Exar. Exar Corporation (NYSE:EXAR) is engaged in designing, development and marketing of high performance, analog mixed-signal integrated circuits and advanced sub-system solutions for the networking & storage, industrial & embedded systems, and communications infrastructure markets. The company has a market cap of $499.5 million and trades…
Tesla Motors Inc (NASDAQ:TSLA) seems to face a ban in Missouri for selling cars directly to its customers. CNBC’s Phil LeBeau said that state’s Senate has passed a bill having an amendment which would require all new vehicle sales go through a dealership. The bill is going to the house and, if passed, Missouri would be the fourth state following New Jersey, Texas and Arizona to ban the direct sales of Tesla. Tesla Motors Inc (NASDAQ:TSLA) shares dropped by more than 8% after the company reported financial results for the first quarter of 2014 on May 7. After reaching its…