Zevenbergen Capital Investments Has Decreased Its Ellie Mae (ELLI) Position; Fanhua Ads (FANH) Shorts Lowered By 26.75%

May 24, 2017 - By Clifton Ray

Zevenbergen Capital Investments Llc decreased Ellie Mae Inc. (ELLI) stake by 3.88% reported in 2016Q4 SEC filing. Zevenbergen Capital Investments Llc sold 26,835 shares as Ellie Mae Inc. (ELLI)’s stock rose 15.16%. The Zevenbergen Capital Investments Llc holds 664,890 shares with $55.64M value, down from 691,725 last quarter. Ellie Mae Inc. now has $3.70B valuation. The stock rose 0.68% or $0.74 reaching $109.43. About 36,981 shares traded. Ellie Mae Inc (NYSE:ELLI) has risen 37.10% since May 24, 2016 and is uptrending. It has outperformed by 20.40% the S&P500.

Fanhua Ads (NASDAQ:FANH) had a decrease of 26.75% in short interest. FANH’s SI was 96,400 shares in May as released by FINRA. Its down 26.75% from 131,600 shares previously. With 22,500 avg volume, 4 days are for Fanhua Ads (NASDAQ:FANH)’s short sellers to cover FANH’s short positions. The SI to Fanhua Ads’s float is 0.29%. About 13,053 shares traded. Fanhua Inc (ADR) (NASDAQ:FANH) has risen 24.93% since May 24, 2016 and is uptrending. It has outperformed by 8.23% the S&P500.

Fanhua Inc., formerly CNinsure Inc., is an independent online-to-offline financial services well-known provider in China. The company has market cap of $551.28 million. The Firm distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services. It has a 23.44 P/E ratio. The Company’s divisions include insurance agency, which provides a range of property, casualty and life insurance products to individual customers; insurance brokerage, which provides commercial lines of property and casualty insurance, group life insurance programs and risk management consulting services to businesses and reinsurance brokerage services to insurance companies, and claims adjusting, which provides claims adjusting services to self-insured entities or insurance companies that choose to outsource some or all of their claims adjustment functions.

Zevenbergen Capital Investments Llc increased Shake Shack Inc. stake by 179,695 shares to 874,030 valued at $31.28M in 2016Q4. It also upped Signature Bank (NASDAQ:SBNY) stake by 2,805 shares and now owns 364,865 shares. Under Armour Inc. Class C was raised too.

Analysts await Ellie Mae Inc (NYSE:ELLI) to report earnings on July, 27. They expect $0.34 EPS, down 12.82% or $0.05 from last year’s $0.39 per share. ELLI’s profit will be $11.50 million for 80.46 P/E if the $0.34 EPS becomes a reality. After $0.03 actual EPS reported by Ellie Mae Inc for the previous quarter, Wall Street now forecasts 1,033.33% EPS growth.

Among 14 analysts covering Elli Mae (NYSE:ELLI), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Elli Mae had 30 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained Ellie Mae Inc (NYSE:ELLI) rating on Friday, October 23. RBC Capital Markets has “Outperform” rating and $80 target. RBC Capital Markets maintained the shares of ELLI in report on Friday, February 12 with “Outperform” rating. Needham maintained Ellie Mae Inc (NYSE:ELLI) on Friday, July 31 with “Buy” rating. Oppenheimer maintained Ellie Mae Inc (NYSE:ELLI) rating on Friday, July 31. Oppenheimer has “Outperform” rating and $80 target. On Wednesday, January 6 the stock rating was upgraded by Stephens to “Overweight”. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, February 12 report. The rating was maintained by TH Capital on Friday, July 31 with “Buy”. The rating was initiated by Pacific Crest on Tuesday, September 6 with “Overweight”. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, July 23. The firm has “Outperform” rating by Oppenheimer given on Wednesday, March 9.

Investors sentiment decreased to 1.15 in Q4 2016. Its down 0.21, from 1.36 in 2016Q3. It is negative, as 31 investors sold ELLI shares while 68 reduced holdings. 38 funds opened positions while 76 raised stakes. 34.78 million shares or 4.07% more from 33.42 million shares in 2016Q3 were reported. Bessemer Gru has invested 0% in Ellie Mae Inc (NYSE:ELLI). Van Berkom And Associates holds 2.01% or 597,563 shares in its portfolio. Virginia Retirement Et Al reported 0% stake. 7,041 were reported by Putnam Invs Ltd. Deutsche Bancshares Ag invested in 24,504 shares. Fmr Llc holds 0% or 182,054 shares. Wasatch Advsr Inc holds 26,326 shares. 52,482 are owned by Df Dent & Company Inc. Ohio-based Strs Ohio has invested 0% in Ellie Mae Inc (NYSE:ELLI). 168 were reported by Wealthtrust. Cetera Advisor Networks Limited Liability Corp holds 0.01% of its portfolio in Ellie Mae Inc (NYSE:ELLI) for 3,100 shares. Fifth Third Bank holds 0% or 665 shares in its portfolio. Cubist Systematic Strategies Limited Liability Corporation holds 0.02% or 3,579 shares. First Allied Advisory Ser accumulated 2,925 shares. Amalgamated Financial Bank stated it has 4,022 shares.

Since December 1, 2016, it had 0 buys, and 41 insider sales for $22.33 million activity. 5,000 Ellie Mae Inc (NYSE:ELLI) shares with value of $475,109 were sold by BUCCELLATO CARL. Corr Jonathan also sold $671,640 worth of Ellie Mae Inc (NYSE:ELLI) on Tuesday, March 21. 67 shares were sold by BROWN BRIAN E., worth $7,138. Anderman Sigmund also sold $2.04M worth of Ellie Mae Inc (NYSE:ELLI) shares. SCHREINER GATES CATHLEEN had sold 13,019 shares worth $1.10 million. HIRSCH PETER also sold $161,153 worth of Ellie Mae Inc (NYSE:ELLI) on Wednesday, February 15. Another trade for 1,650 shares valued at $137,649 was made by Luce Edgar on Wednesday, February 1.