SunTrust Robinson Humphrey Cuts Rating On Kite Pharma, Inc. (KITE) To "Hold"

Gilead has offered billions for Kite Pharma

The Company's divisions include North America, Europe and Asia/Rest of World.

Under the terms of the merger agreement, a wholly-owned subsidiary of Gilead will hold a tender offer to acquire all of the outstanding shares of Kite's common stock at a price of $180 per share in cash. Therefore 50% are positive.

Medidata Solutions Incorporated (NASDAQ:MDSO) had a decrease of 12.77% in short interest. The stock presently has an average rating of Hold and an average price target of $88.93. Da Davidson Co holds 0% in Kite Pharma Inc (NASDAQ:KITE) or 1,350 shares. BlackRock Inc. boosted its position in shares of Kite Pharma by 106,272.1% in the first quarter. Mizuho maintained Kite Pharma Inc (NASDAQ:KITE) rating on Tuesday, May 10. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. On Wednesday, March 1 the stock rating was maintained by Maxim Group with "Buy". The stock has "Buy" rating by Brean Capital on Friday, April 29. Kite Pharma, Inc. shares had a trading volume of 756K on Friday.

On August 28 the company was changed to "Hold" by BTIG Research which is down from the previous "Buy" rating. Kite Pharma has $155.0 highest and $46 lowest target. (NASDAQ:KITE) recently. EVP Timothy L. Moore sold 6,000 shares at an average price of $110.08 on Thursday the 3rd. (NASDAQ:GILD) on Tuesday, July 25 with "Buy" rating.

And now he doesn't have to worry about the soaring stock price, which has added another 29 percent in the wake of the Gilead news. The firm has "Buy" rating by Jefferies given on Monday, August 31. The insider MARTIN JOHN C sold $5.16 million. About 1.23M shares traded. Pennsylvania-based Vanguard Gp Incorporated has invested 0% in Mattersight Corp (NASDAQ:MATR). First Houston reported 18,950 shares. Philip Morris International Inc.

Investors sentiment decreased to 0.7 in 2016 Q4. Its down 0.21, from 1.45 in 2016Q3. It improved, as 2 investors sold TSC shares while 28 reduced holdings. Sentinel Asset Mngmt owns 210,400 shares or 0.77% of their United States portfolio. Tiaa Cref Investment Mgmt Limited Liability has invested 0% of its portfolio in Kite Pharma Inc (NASDAQ:KITE).

Kite Pharma has a 52 week low of $39.82 and a 52 week high of $179.69 The company's market cap is now $0. As per Thursday, May 26, the company rating was maintained by Morgan Stanley. Shares for $1.84M were sold by CHAMPSI FARAH on Wednesday, June 14. (NASDAQ:GILD). The Nebraska-based Nelson Van Denburg Campbell Wealth Mngmt Ltd Liability Com has invested 0.46% in Gilead Sciences, Inc. Sumitomo Mitsui Asset Management Limited invested in 99,569 shares or 0.14% of the stock. Capital Research holds 0.09% or 6.11 million shares in its portfolio. 63,883 are held by Van Cleef Asset Managementinc.

About 9.94 million shares traded or 957.26% up from the average. It has underperformed by 38.50% the S&P500.

Since February 27, 2017, it had 5 insider buys, and 12 sales for $6.87 million activity. Alton Gregg H sold $337,392 worth of Gilead Sciences, Inc. The shares were sold on August 1st for an average price of $108.01. Chang David D also sold $4.75 million worth of Kite Pharma Inc (NASDAQ:KITE) shares.

The company is up by 28.18% since yesterday's close of $139.1. Gilead Sciences had a return on equity of 66.07% and a net margin of 42.90%. 561.98 million shares or 1.23% less from 568.98 million shares in 2016Q3 were reported.

Kite Pharma, Inc.is a clinical-stage biopharmaceutical company. The company has market cap of $98.53 billion. The leading immunotherapy developer's offices are located in Los Angeles. Analysts predict that Kite Pharma will post ($7.96) earnings per share for the current year. "The field of cell therapy has advanced very quickly, to the point where the science and technology have opened a clear path toward a potential cure for patients".

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