Market News

Facebook (FB) Shareholder Orbis Investment Management Cut Stake by $2.57 Million; As General Electric Co (GE) Market Valuation Declined, Family Management Trimmed Its Holding by $4.03 Million

Family Management Corp decreased its stake in General Electric Co (GE) by 88.42% based on its latest 2017Q3 regulatory filing with the SEC. Family Management Corp sold 168,115 shares as the company’s stock declined 7.64% while stock markets rallied. The hedge fund held 22,025 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $533,000, down from 190,140 at the end of the previous reported quarter. Family Management Corp who had been investing in General Electric Co for a number of months, seems to be less bullish one the $127.21 billion market cap company. The stock decreased 2.53% or $0.381 during the last trading session, reaching $14.669. About 47.40 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 20, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

William B. Gray decreased its stake in Facebook Inc (FB) by 38.22% based on its latest 2017Q3 regulatory filing with the SEC. Orbis Investment Management sold 15,099 shares as the company’s stock rose 10.88% with the market. The hedge fund run by William B. Gray held 24,411 shares of the technology company at the end of 2017Q3, valued at $4.17M, down from 39,510 at the end of the previous reported quarter. Orbis Investment Management who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $509.77B market cap company. The stock decreased 1.06% or $1.88 during the last trading session, reaching $175.48. About 16.08 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 20, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Since August 21, 2017, it had 0 insider purchases, and 33 selling transactions for $512.57 million activity. $128,552 worth of Facebook, Inc. (NASDAQ:FB) was sold by Stretch Colin on Tuesday, September 19. Zuckerberg Mark also sold $39.03M worth of Facebook, Inc. (NASDAQ:FB) shares. Koum Jan sold $109.70M worth of stock or 640,754 shares. Cox Christopher K also sold $2.73 million worth of Facebook, Inc. (NASDAQ:FB) on Thursday, September 21. FISCHER DAVID B. had sold 4,699 shares worth $806,019 on Thursday, October 26. Schroepfer Michael Todd had sold 38,058 shares worth $6.53M on Tuesday, October 10.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It fall, 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. Fort Point Capital Prtn Ltd Limited Liability Company, California-based fund reported 32,077 shares. Luxor Cap Group LP holds 67,284 shares. Pinnacle Advisory Group Inc has 0.02% invested in Facebook, Inc. (NASDAQ:FB). Carlson Capital Mngmt reported 0.15% stake. Ingalls And Snyder Lc has 0.11% invested in Facebook, Inc. (NASDAQ:FB). Groesbeck Management Corp Nj invested in 0.25% or 2,060 shares. Mastrapasqua Asset Inc owns 3.06% invested in Facebook, Inc. (NASDAQ:FB) for 86,992 shares. Blume Mngmt holds 0.28% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 3,085 shares. Nwi Management LP accumulated 149,552 shares or 2.45% of the stock. Tekne Capital Mngmt Limited Co has 8.14% invested in Facebook, Inc. (NASDAQ:FB). Marshwinds Advisory has invested 1.44% in Facebook, Inc. (NASDAQ:FB). 97,700 were reported by Andra Ap. Moreover, Glob Endowment Management Ltd Partnership has 0.87% invested in Facebook, Inc. (NASDAQ:FB). 541,600 are held by Ws Mgmt Lllp. Fukoku Mutual Life Com accumulated 16,550 shares.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, February 2 by Mizuho. Mizuho maintained it with “Buy” rating and $140 target in Thursday, April 28 report. Canaccord Genuity maintained it with “Buy” rating and $190.0 target in Monday, October 9 report. On Thursday, October 1 the stock rating was reinitiated by Wedbush with “Outperform”. The firm has “Overweight” rating given on Thursday, July 30 by Piper Jaffray. The firm has “Hold” rating given on Thursday, February 1 by BMO Capital Markets. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Friday, July 14 by Cowen & Co. The rating was upgraded by Bank of America to “Focus List” on Tuesday, July 21. BMO Capital Markets maintained Facebook, Inc. (NASDAQ:FB) rating on Wednesday, November 22. BMO Capital Markets has “Hold” rating and $170.0 target. The rating was maintained by Canaccord Genuity on Wednesday, January 31 with “Buy”.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained General Electric Company (NYSE:GE) rating on Thursday, March 23. BMO Capital Markets has “Hold” rating and $67 target. Deutsche Bank maintained the shares of GE in report on Monday, October 30 with “Sell” rating. As per Monday, October 23, the company rating was maintained by RBC Capital Markets. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, October 6. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Friday, January 26 by DZ Bank. The stock of General Electric Company (NYSE:GE) earned “Market Perform” rating by Bernstein on Monday, April 4. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Wednesday, August 26 by TheStreet. The stock of General Electric Company (NYSE:GE) has “Underperform” rating given on Tuesday, October 24 by Oppenheimer. The firm has “Neutral” rating by Bank of America given on Wednesday, April 26. The stock has “Hold” rating by CFRA on Friday, July 21.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It turned negative, 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. Cypress Group reported 160,525 shares stake. Pinnacle Advisory Grp holds 0.06% of its portfolio in General Electric Company (NYSE:GE) for 37,555 shares. Snow Mgmt LP reported 0.03% of its portfolio in General Electric Company (NYSE:GE). First Co has 330,335 shares for 0.93% of their portfolio. Asset Advisors accumulated 127,401 shares or 0.55% of the stock. Greylin Invest Mangement Incorporated owns 84,595 shares for 0.47% of their portfolio. Bath Savings Tru holds 0.27% or 42,537 shares. , a California-based fund reported 7.67M shares. Rosenbaum Jay D has 24,100 shares for 1.12% of their portfolio. Asset Mngmt Limited Company owns 3,393 shares. Pathstone Family Office Ltd owns 5,260 shares. Northpointe Limited Liability Corp accumulated 0.47% or 182,038 shares. Ancora Limited Liability holds 0.16% of its portfolio in General Electric Company (NYSE:GE) for 113,425 shares. Notis holds 1.22% in General Electric Company (NYSE:GE) or 80,655 shares. First Savings Bank Sioux Falls, a South Dakota-based fund reported 30,724 shares.

Leave a Reply

Your email address will not be published. Required fields are marked *