1,822,048 Shares in Portola Pharmaceuticals Inc (PTLA) Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC acquired a new stake in shares of Portola Pharmaceuticals Inc (NASDAQ:PTLA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,822,048 shares of the biopharmaceutical company’s stock, valued at approximately $48,521,000. William Blair Investment Management LLC owned approximately 2.74% of Portola Pharmaceuticals at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Portola Pharmaceuticals during the second quarter worth $191,000. BB&T Securities LLC bought a new stake in shares of Portola Pharmaceuticals during the second quarter worth $201,000. Smith Asset Management Group LP grew its stake in shares of Portola Pharmaceuticals by 51.1% during the third quarter. Smith Asset Management Group LP now owns 8,100 shares of the biopharmaceutical company’s stock worth $216,000 after buying an additional 2,740 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Portola Pharmaceuticals during the second quarter worth $230,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Portola Pharmaceuticals during the second quarter worth $234,000.

Shares of Portola Pharmaceuticals stock opened at $21.85 on Friday. The company has a current ratio of 6.61, a quick ratio of 6.51 and a debt-to-equity ratio of 1.21. Portola Pharmaceuticals Inc has a twelve month low of $18.18 and a twelve month high of $56.70. The firm has a market capitalization of $1.45 billion, a P/E ratio of -4.54 and a beta of 2.04.

Portola Pharmaceuticals (NASDAQ:PTLA) last issued its quarterly earnings data on Wednesday, November 7th. The biopharmaceutical company reported ($1.08) earnings per share for the quarter, topping the consensus estimate of ($1.54) by $0.46. Portola Pharmaceuticals had a negative net margin of 1,020.52% and a negative return on equity of 135.08%. The company had revenue of $14.20 million for the quarter, compared to analysts’ expectations of $7.10 million. During the same quarter in the previous year, the firm posted ($1.41) earnings per share. Portola Pharmaceuticals’s revenue for the quarter was up 270.8% on a year-over-year basis. As a group, sell-side analysts predict that Portola Pharmaceuticals Inc will post -5.03 earnings per share for the current fiscal year.

A number of analysts have weighed in on PTLA shares. Zacks Investment Research raised shares of Portola Pharmaceuticals from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, October 11th. ValuEngine cut shares of Portola Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Oppenheimer set a $60.00 target price on shares of Portola Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, September 10th. BidaskClub cut shares of Portola Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 22nd. Finally, William Blair reaffirmed a “buy” rating on shares of Portola Pharmaceuticals in a research note on Monday, August 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Portola Pharmaceuticals presently has an average rating of “Buy” and an average target price of $37.50.

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About Portola Pharmaceuticals

Portola Pharmaceuticals, Inc, a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel therapeutics that could advance the fields of thrombosis and other hematologic diseases. The company's two FDA-approved medicines are Andexxa (coagulation factor Xa (recombinant), inactivated-zhzo), an antidote for patients treated with rivaroxaban and apixaban when reversal of anticoagulation is needed due to life-threatening or uncontrolled bleeding; and Bevyxxa (betrixaban), an oral, once-daily Factor Xa inhibitor for the prevention of VTE in adult patients hospitalized for an acute medical illness.

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Institutional Ownership by Quarter for Portola Pharmaceuticals (NASDAQ:PTLA)

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