Trending Stock News

Glg Lowered Position in Salesforce Com (CRM) as Market Value Rose; Js Capital Management Has Cut Its Facebook (FB) Position by $704,000

Facebook, Inc. (NASDAQ:FB) Logo

Glg Llc decreased its stake in Salesforce Com Inc (CRM) by 62.17% based on its latest 2017Q4 regulatory filing with the SEC. Glg Llc sold 55,200 shares as the company’s stock rose 10.89% while stock markets declined. The hedge fund held 33,584 shares of the prepackaged software company at the end of 2017Q4, valued at $3.43 million, down from 88,784 at the end of the previous reported quarter. Glg Llc who had been investing in Salesforce Com Inc for a number of months, seems to be less bullish one the $93.64 billion market cap company. The stock decreased 2.11% or $2.72 during the last trading session, reaching $126.05. About 5.56M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 39.46% since May 18, 2017 and is uptrending. It has outperformed by 27.91% the S&P500.

Jonathan Soros decreased its stake in Facebook Inc (FB) by 3.42% based on its latest 2017Q4 regulatory filing with the SEC. Js Capital Management Llc sold 4,000 shares as the company’s stock declined 14.10% with the market. The hedge fund run by Jonathan Soros held 113,000 shares of the technology company at the end of 2017Q4, valued at $19.94 million, down from 117,000 at the end of the previous reported quarter. Js Capital Management Llc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $531.92 billion market cap company. The stock increased 0.31% or $0.56 during the last trading session, reaching $183.76. About 13.86M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since May 18, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Among 55 analysts covering Salesforce.com (NYSE:CRM), 49 have Buy rating, 0 Sell and 6 Hold. Therefore 89% are positive. Salesforce.com had 234 analyst reports since August 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 23 by Needham. The firm has “Buy” rating given on Tuesday, October 31 by Robert W. Baird. The stock has “Outperform” rating by BMO Capital Markets on Monday, May 15. On Friday, September 29 the stock rating was maintained by Robert W. Baird with “Buy”. The rating was maintained by Bank of America with “Buy” on Saturday, August 22. The firm has “Buy” rating given on Thursday, September 1 by Citigroup. The company was maintained on Thursday, May 19 by JMP Securities. The rating was maintained by FBR Capital with “Outperform” on Thursday, February 25. Robert W. Baird maintained salesforce.com, inc. (NYSE:CRM) on Wednesday, August 23 with “Buy” rating. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, February 20 report.

Since December 11, 2017, it had 4 insider buys, and 170 sales for $130.43 million activity. $598,088 worth of salesforce.com, inc. (NYSE:CRM) was sold by Benioff Marc on Monday, April 16. Hawkins Mark J also sold $1.99M worth of salesforce.com, inc. (NYSE:CRM) shares. The insider Roos John Victor sold $16,289. The insider Weaver Amy E sold 1,400 shares worth $162,653. Shares for $1.19M were sold by BLOCK KEITH. 10,000 shares were sold by Martinez Maria, worth $1.20M.

Glg Llc, which manages about $4.34B and $1.39 billion US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 8,600 shares to 389,844 shares, valued at $33.35 million in 2017Q4, according to the filing. It also increased its holding in Autodesk Inc (NASDAQ:ADSK) by 10,000 shares in the quarter, for a total of 21,374 shares, and has risen its stake in Disney Walt Co (NYSE:DIS).

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.15, from 1.34 in 2017Q3. It turned negative, as 39 investors sold CRM shares while 274 reduced holdings. 110 funds opened positions while 261 raised stakes. 608.21 million shares or 0.25% less from 609.74 million shares in 2017Q3 were reported. Weiss Asset Ltd Partnership has 0.06% invested in salesforce.com, inc. (NYSE:CRM). Utd Automobile Association, a Texas-based fund reported 666,188 shares. Kcm Invest Advsr Lc stated it has 0.12% of its portfolio in salesforce.com, inc. (NYSE:CRM). Rathbone Brothers Public Ltd reported 1.15% in salesforce.com, inc. (NYSE:CRM). Df Dent Com has 2,103 shares for 0.01% of their portfolio. Intrust Comml Bank Na owns 9,217 shares. Transamerica Fincl has 26,524 shares. Adage Capital Partners Gp Ltd reported 1.12 million shares. Fort Point Capital Prtn Ltd Com holds 4.81% or 100,966 shares. American Interest Grp Inc Inc holds 250,059 shares. Coastline Trust holds 0.15% in salesforce.com, inc. (NYSE:CRM) or 9,550 shares. Teacher Retirement Of Texas reported 0.13% in salesforce.com, inc. (NYSE:CRM). Alley Llc holds 0.07% or 2,000 shares in its portfolio. 19,339 are held by Advisory Services Networks Limited Liability Com. Northeast Fincl Consultants holds 0.07% or 2,009 shares in its portfolio.

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Bizjournals.com which released: “Chandler tech firm raises $4.3 million, sells its CRM business to focus on Salesforce” on May 16, 2018, also Seekingalpha.com with their article: “Salesforce bought 4.9M Dropbox shares in Q1” published on May 14, 2018, Bizjournals.com published: “Aircall scores $29 million in venture capital backing” on May 17, 2018. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Forbes.com and their article: “What To Watch For In Salesforce’s Q1 Earnings” published on May 16, 2018 as well as Investorplace.com‘s news article titled: “Trade of the Day: Salesforce.com (CRM)” with publication date: May 03, 2018.

Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on May, 29 after the close. They expect $0.18 earnings per share, up 200.00% or $0.12 from last year’s $0.06 per share. CRM’s profit will be $133.72M for 175.07 P/E if the $0.18 EPS becomes a reality. After $0.15 actual earnings per share reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Nasdaq.com which released: “How to Invest Wisely in Blockchain and AI Stocks Right Now” on May 16, 2018, also 247Wallst.com with their article: “How Facebook Is Breaking Into the Crypto Trade” published on May 12, 2018, Seekingalpha.com published: “Facebook’s Watch” on May 15, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Nasdaq.com and their article: “Tencent’s Advertising Business Is Just Getting Started” published on May 17, 2018 as well as Investorplace.com‘s news article titled: “Is Facebook, Inc. (FB) Stock Cheap Right Now?” with publication date: May 17, 2018.

Js Capital Management Llc, which manages about $206.96M US Long portfolio, upped its stake in Interxion Holding N.V (NYSE:INXN) by 10,000 shares to 95,000 shares, valued at $5.60 million in 2017Q4, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 3,600 shares in the quarter, for a total of 12,000 shares, and has risen its stake in Herbalife Ltd (NYSE:HLF).

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.72 earnings per share, up 30.30% or $0.40 from last year’s $1.32 per share. FB’s profit will be $4.98B for 26.71 P/E if the $1.72 EPS becomes a reality. After $1.69 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 1.78% EPS growth.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 270 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of FB in report on Monday, March 26 with “Outperform” rating. FBN Securities maintained Facebook, Inc. (NASDAQ:FB) on Tuesday, September 26 with “Buy” rating. On Thursday, April 26 the stock rating was maintained by Robert W. Baird with “Buy”. Rosenblatt maintained Facebook, Inc. (NASDAQ:FB) on Thursday, July 30 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, November 2 by Canaccord Genuity. On Friday, October 27 the stock rating was upgraded by Monness Crespi & Hardt to “Buy”. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Mizuho on Thursday, November 5. Credit Suisse maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, July 27. Credit Suisse has “Buy” rating and $19000 target. Goldman Sachs maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, July 27. Goldman Sachs has “Buy” rating and $20500 target. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, April 28 by Goldman Sachs.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

Leave a Reply

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