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Meritage Portfolio Management Raised Position in Facebook (FB) as Stock Value Rose; Shanda Payment Holdings LTD Has Raised Its Position in General Electric Co (GE) by $9.60 Million

Meritage Portfolio Management increased its stake in Facebook Inc. (FB) by 85.95% based on its latest 2017Q3 regulatory filing with the SEC. Meritage Portfolio Management bought 26,225 shares as the company’s stock rose 10.88% with the market. The institutional investor held 56,738 shares of the technology company at the end of 2017Q3, valued at $9.70 million, up from 30,513 at the end of the previous reported quarter. Meritage Portfolio Management who had been investing in Facebook Inc. for a number of months, seems to be bullish on the $535.16 billion market cap company. The stock increased 1.59% or $2.88 during the last trading session, reaching $184.17. About 11.58M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 22, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Shanda Payment Holdings Ltd increased its stake in General Electric Co (GE) by 133.33% based on its latest 2017Q3 regulatory filing with the SEC. Shanda Payment Holdings Ltd bought 400,000 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 700,000 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $16.93 million, up from 300,000 at the end of the previous reported quarter. Shanda Payment Holdings Ltd who had been investing in General Electric Co for a number of months, seems to be bullish on the $139.62B market cap company. The stock decreased 0.98% or $0.16 during the last trading session, reaching $16.1. About 81.95M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since January 22, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 220 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of FB in report on Thursday, July 27 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) has “Outperform” rating given on Thursday, November 3 by Wedbush. The firm earned “Overweight” rating on Thursday, November 5 by Morgan Stanley. M Partners maintained the shares of FB in report on Friday, May 13 with “Buy” rating. The rating was maintained by Needham on Wednesday, July 19 with “Buy”. The firm earned “Buy” rating on Friday, April 1 by Citigroup. On Thursday, November 2 the stock rating was maintained by Citigroup with “Buy”. On Thursday, November 5 the stock rating was maintained by Deutsche Bank with “Buy”. Canaccord Genuity maintained it with “Buy” rating and $17500 target in Monday, July 24 report. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Monday, January 8 by Credit Suisse.

Since August 7, 2017, it had 0 insider purchases, and 39 sales for $957.86 million activity. 750 Facebook, Inc. (NASDAQ:FB) shares with value of $129,325 were sold by Stretch Colin. 16,000 shares were sold by Cox Christopher K, worth $2.67 million. $806,019 worth of Facebook, Inc. (NASDAQ:FB) was sold by FISCHER DAVID B. on Thursday, October 26. Shares for $42.50 million were sold by Zuckerberg Mark. $2.59 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Wehner David M. on Monday, August 21. $109.70 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Koum Jan.

Meritage Portfolio Management, which manages about $1.31B and $1.02 billion US Long portfolio, decreased its stake in Ishares Dow Jones Select Dvd E (DVY) by 6,900 shares to 11,748 shares, valued at $1.10M in 2017Q3, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 10,452 shares in the quarter, leaving it with 24,383 shares, and cut its stake in Biogen Inc (NASDAQ:BIIB).

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It worsened, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Twin Tree Management Lp accumulated 0.02% or 12,047 shares. Oregon Employees Retirement Fund owns 0.69% invested in Facebook, Inc. (NASDAQ:FB) for 251,359 shares. Ftb holds 5,535 shares. Alta Cap Limited Co has invested 1.57% in Facebook, Inc. (NASDAQ:FB). Wolverine Asset Mngmt Ltd Liability Company holds 74,062 shares. One Association invested in 116,069 shares or 1.39% of the stock. State Of Wisconsin Invest Board owns 3.04 million shares. Moreover, Balyasny Asset Management Limited Liability has 1.21% invested in Facebook, Inc. (NASDAQ:FB). Archon Partners Lc has invested 2.62% in Facebook, Inc. (NASDAQ:FB). Pension Serv holds 1.68% in Facebook, Inc. (NASDAQ:FB) or 1.81 million shares. Accredited holds 2,778 shares or 0.13% of its portfolio. Koshinski Asset Management holds 0.88% or 16,771 shares. Lateef Inv Ltd Partnership holds 5.16% in Facebook, Inc. (NASDAQ:FB) or 337,022 shares. The Alabama-based Baltimore has invested 1.51% in Facebook, Inc. (NASDAQ:FB). Acadian Asset Mngmt Lc owns 60,757 shares.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It dropped, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. North Point Port Managers Corporation Oh reported 0.04% in General Electric Company (NYSE:GE). Knott David M reported 28,680 shares or 0.3% of all its holdings. Whittier Trust Company Of Nevada holds 1.38% of its portfolio in General Electric Company (NYSE:GE) for 616,262 shares. Covington Cap Mngmt, California-based fund reported 688,158 shares. Indiana Tru & Invest invested in 0.92% or 78,898 shares. Moreover, Westchester Cap Mngmt Ltd Liability Co has 0.09% invested in General Electric Company (NYSE:GE). Estabrook Capital Mgmt invested 2.97% in General Electric Company (NYSE:GE). Norman Fields Gottscho Capital Management Limited Co reported 24,050 shares or 0.35% of all its holdings. Usca Ria Ltd Company, Texas-based fund reported 182,974 shares. Old West Investment Ltd Liability Corporation holds 0.41% or 32,074 shares in its portfolio. Kentucky Retirement System Ins Tru Fund has 230,278 shares. Oppenheimer Asset Incorporated has invested 0.31% in General Electric Company (NYSE:GE). Hemenway Trust Ltd Liability has invested 0.17% in General Electric Company (NYSE:GE). Exxonmobil Inv Management Tx holds 0.97% or 1.58M shares. First American Comml Bank reported 83,129 shares stake.

Among 27 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 12 Hold. Therefore 37% are positive. General Electric Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan initiated the shares of GE in report on Thursday, May 12 with “Underweight” rating. Stifel Nicolaus downgraded the shares of GE in report on Tuesday, October 24 to “Hold” rating. Morgan Stanley maintained the shares of GE in report on Monday, July 17 with “Equal-Weight” rating. Credit Suisse maintained the shares of GE in report on Monday, November 23 with “Outperform” rating. The rating was upgraded by Bank of America on Monday, October 23 to “Buy”. As per Wednesday, April 26, the company rating was downgraded by Bank of America. The firm earned “Hold” rating on Friday, July 21 by CFRA. TheStreet downgraded General Electric Company (NYSE:GE) on Wednesday, August 26 to “Buy” rating. On Tuesday, October 13 the stock rating was upgraded by William Blair to “Outperform”. On Sunday, December 10 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Since August 8, 2017, it had 2 buys, and 1 sale for $4.48 million activity. TISCH JAMES S bought $2.46 million worth of stock. The insider Comstock Elizabeth J sold 24,693 shares worth $633,375.

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