Tiger Global Management buys $59,174,736 stake in Intrexon Corp (XON)

Intrexon Corp (XON) : Tiger Global Management scooped up 418,199 additional shares in Intrexon Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,093,199 shares of Intrexon Corp which is valued at $59,174,736.Intrexon Corp makes up approximately 0.82% of Tiger Global Management’s portfolio.

Other Hedge Funds, Including , Verition Fund Management added XON to its portfolio by purchasing 13,710 company shares during the most recent quarter which is valued at $387,582. Intrexon Corp makes up approx 0.09% of Verition Fund Management’s portfolio.Hightower Advisors reduced its stake in XON by selling 22,485 shares or 54.08% in the most recent quarter. The Hedge Fund company now holds 19,091 shares of XON which is valued at $539,703. Intrexon Corp makes up approx 0.01% of Hightower Advisors’s portfolio.California Public Employees Retirement System reduced its stake in XON by selling 900 shares or 3.19% in the most recent quarter. The Hedge Fund company now holds 27,300 shares of XON which is valued at $775,047. Hood River Capital Management sold out all of its stake in XON during the most recent quarter. The investment firm sold 139,609 shares of XON which is valued $3,536,296.

Intrexon Corp opened for trading at $25.01 and hit $25.55 on the upside on Thursday, eventually ending the session at $25.29, with a gain of 0.20% or 0.05 points. The heightened volatility saw the trading volume jump to 10,50,463 shares. Company has a market cap of $2,992 M.

On the company’s financial health, Intrexon Corp reported $-0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.28. The company had revenue of $52.50 million for the quarter, compared to analysts expectations of $53.78 million. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.

Intrexon Corporation is engaged in the field of synthetic biology. The Company designs builds and regulates gene programs which are Deoxyribonucleic Acid (DNA) sequences that consist of genetic components. The Company’s synthetic biology capabilities include the ability to control the amount location and modification of biological molecules to control the function and output of living cells. The Company’s technologies include UltraVector RheoSwitch Therapeutic System Cell Systems Informatics Protein Engineering AttSite Recombinases LEAP (Laser Enabled Analysis and Processing) Antibody Discovery Neurospora & Agaricus Platforms Endometrial Regenerative Cells ActoBiotics Porcine Research Models and BeyondBio. The Company serves various markets including health food energy environment and consumer. The Company has five operating divisions: Human Therapeutics Synthetic Immunology Animal Sciences Agricultural Biotech and Industrial Products.

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