Moors & Cabot Cut Its Facebook (FB) Holding, First Merchants (FRME) Has 1.36 Sentiment

June 19, 2017 - By Richard Conner

First Merchants Corporation is a financial holding company. The company has market cap of $1.62 billion. The Firm has a bank charter, First Merchants Bank , which is opened for business in Muncie, Indiana. It has a 19.34 P/E ratio. It operates through community banking business segment.

Moors & Cabot Inc decreased Facebook Inc (FB) stake by 14.43% reported in 2016Q4 SEC filing. Moors & Cabot Inc sold 3,029 shares as Facebook Inc (FB)’s stock rose 10.88%. The Moors & Cabot Inc holds 17,960 shares with $2.07 million value, down from 20,989 last quarter. Facebook Inc now has $444.01B valuation. The stock rose 1.14% or $1.71 reaching $152.35. About 11.65M shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since June 19, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Moors & Cabot Inc increased Bristol Myers Squibb Co (NYSE:BMY) stake by 11,765 shares to 71,421 valued at $4.19 million in 2016Q4. It also upped Microsoft Corp (NASDAQ:MSFT) stake by 21,567 shares and now owns 111,005 shares. Mosaic Co New (NYSE:MOS) was raised too.

Among 47 analysts covering Facebook (NASDAQ:FB), 44 have Buy rating, 1 Sell and 2 Hold. Therefore 94% are positive. Facebook had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Thursday, November 3 with “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, January 28. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Cantor Fitzgerald on Thursday, November 3. Credit Suisse maintained the stock with “Outperform” rating in Thursday, November 5 report. The stock has “Sell” rating by Jyske Bank on Friday, October 30. On Friday, October 9 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was maintained by Piper Jaffray on Thursday, November 5 with “Overweight”. Deutsche Bank maintained Facebook Inc (NASDAQ:FB) rating on Thursday, July 30. Deutsche Bank has “Buy” rating and $115 target. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, November 5. The firm earned “Buy” rating on Thursday, April 28 by Evercore.

Analysts await Facebook Inc (NASDAQ:FB) to report earnings on July, 26. They expect $1.05 earnings per share, up 38.16% or $0.29 from last year’s $0.76 per share. FB’s profit will be $3.06B for 36.27 P/E if the $1.05 EPS becomes a reality. After $1.04 actual earnings per share reported by Facebook Inc for the previous quarter, Wall Street now forecasts 0.96% EPS growth.

Investors sentiment decreased to 1.25 in Q4 2016. Its down 0.15, from 1.4 in 2016Q3. It dropped, as 88 investors sold FB shares while 531 reduced holdings. 156 funds opened positions while 618 raised stakes. 1.60 billion shares or 1.23% more from 1.58 billion shares in 2016Q3 were reported. Sustainable Growth Advisers LP reported 2.37% of its portfolio in Facebook Inc (NASDAQ:FB). Brighton Jones Limited Liability holds 0% of its portfolio in Facebook Inc (NASDAQ:FB) for 2,832 shares. E&G Advisors Lp reported 11,374 shares. 33,252 were accumulated by National Planning. Magnetar Financial Llc holds 0.03% or 16,060 shares. Davenport And Com Limited Liability Corp invested 0.35% in Facebook Inc (NASDAQ:FB). Pictet National Bank Tru Ltd holds 1.56% or 40,270 shares. Alkeon Lc holds 2.79% or 1.23M shares. Balyasny Asset Mngmt Lc reported 117,414 shares. Winslow Cap Ltd Co invested 3.25% in Facebook Inc (NASDAQ:FB). Brown Advisory owns 6.24M shares for 2.56% of their portfolio. Bbr Ptnrs Llc stated it has 0.04% in Facebook Inc (NASDAQ:FB). 27,038 are owned by Webster Bancorp N A. 5,047 were reported by Taurus Asset Management Limited Liability Company. Aqr Capital Management holds 0.54% or 3.42M shares.

Since December 20, 2016, it had 0 insider buys, and 68 insider sales for $1.74 billion activity. Stretch Colin sold 750 shares worth $113,618. 15,600 Facebook Inc (NASDAQ:FB) shares with value of $1.83M were sold by Cox Christopher K. $42.50 million worth of stock was sold by Zuckerberg Mark on Friday, May 26. The insider Sandberg Sheryl sold $12.82 million. On Wednesday, March 15 Koum Jan sold $297.31 million worth of Facebook Inc (NASDAQ:FB) or 2.12M shares. 37,949 shares valued at $5.27M were sold by Schroepfer Michael Todd on Tuesday, March 14. $3.00 million worth of Facebook Inc (NASDAQ:FB) was sold by Wehner David M. on Friday, April 28.

Since January 1, 0001, it had 12 insider buys, and 4 selling transactions for $893,474 activity.

About 87,144 shares traded. First Merchants Corporation (FRME) has risen 59.72% since June 19, 2016 and is uptrending. It has outperformed by 43.02% the S&P500.

Analysts await First Merchants Corporation (NASDAQ:FRME) to report earnings on July, 25. They expect $0.55 earnings per share, up 12.24% or $0.06 from last year’s $0.49 per share. FRME’s profit will be $21.88 million for 18.51 P/E if the $0.55 EPS becomes a reality. After $0.56 actual earnings per share reported by First Merchants Corporation for the previous quarter, Wall Street now forecasts -1.79% negative EPS growth.

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