Alibaba Group Holding LTD (BABA) Holder Genesis Asset Managers Llp Upped Its Position by $8.72 Million; As Facebook Cl A (FB) Stock Declined, Holder Suncoast Equity Management Has Lowered Position by $592,240

May 21, 2018 - By Kurt Siggers

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Suncoast Equity Management decreased its stake in Facebook Inc Cl A (FB) by 2.92% based on its latest 2017Q4 regulatory filing with the SEC. Suncoast Equity Management sold 3,365 shares as the company’s stock declined 14.10% with the market. The institutional investor held 111,984 shares of the technology company at the end of 2017Q4, valued at $19.76M, down from 115,349 at the end of the previous reported quarter. Suncoast Equity Management who had been investing in Facebook Inc Cl A for a number of months, seems to be less bullish one the $528.79B market cap company. The stock decreased 0.59% or $1.08 during the last trading session, reaching $182.68. About 10.38 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since May 21, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Genesis Asset Managers Llp increased its stake in Alibaba Group Holding Ltd (BABA) by 1.26% based on its latest 2017Q4 regulatory filing with the SEC. Genesis Asset Managers Llp bought 50,691 shares as the company’s stock rose 3.18% while stock markets declined. The institutional investor held 4.06 million shares of the business services company at the end of 2017Q4, valued at $700.05 million, up from 4.01 million at the end of the previous reported quarter. Genesis Asset Managers Llp who had been investing in Alibaba Group Holding Ltd for a number of months, seems to be bullish on the $501.05 billion market cap company. The stock decreased 0.52% or $1.02 during the last trading session, reaching $195. About 14.24M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 21, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Since December 7, 2017, it had 0 insider purchases, and 54 insider sales for $2.31 billion activity. Sandberg Sheryl had sold 55,000 shares worth $9.61M. Stretch Colin sold $2.88 million worth of Facebook, Inc. (NASDAQ:FB) on Wednesday, May 2. On Wednesday, April 25 FISCHER DAVID B. sold $822,440 worth of Facebook, Inc. (NASDAQ:FB) or 5,138 shares. The insider Koum Jan sold 1.25M shares worth $221.33M. Shares for $2.83M were sold by Cox Christopher K on Thursday, December 7. 38,017 shares were sold by Schroepfer Michael Todd, worth $7.14 million on Tuesday, January 9.

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. The firm has “Buy” rating by Axiom Capital given on Thursday, April 28. Stifel Nicolaus maintained Facebook, Inc. (NASDAQ:FB) on Thursday, January 28 with “Buy” rating. Credit Suisse maintained it with “Buy” rating and $19000 target in Thursday, July 27 report. The firm has “Buy” rating given on Thursday, July 30 by Canaccord Genuity. As per Friday, January 12, the company rating was maintained by RBC Capital Markets. The company was maintained on Friday, April 27 by Argus Research. The rating was maintained by Rosenblatt on Thursday, November 5 with “Buy”. The firm has “Buy” rating by Axiom Capital given on Thursday, November 3. The stock of Facebook, Inc. (NASDAQ:FB) has “Market Outperform” rating given on Thursday, November 3 by JMP Securities. The stock of Facebook, Inc. (NASDAQ:FB) earned “Outperform” rating by FBR Capital on Thursday, January 28.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Nasdaq.com which released: “Do Match Investors Need to Worry About Facebook?” on May 20, 2018, also Seekingalpha.com with their article: “Facebook’s Watch” published on May 15, 2018, Livetradingnews.com published: “Facebook, Inc. (NASDAQ:FB) Stock Consolidating” on May 21, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “Thoughts On Facebook’s Valuation After Earnings” published on April 26, 2018 as well as 247Wallst.com‘s news article titled: “6 Most Important Things in Business Today” with publication date: May 18, 2018.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.06, from 1.15 in 2017Q3. It improved, as 57 investors sold FB shares while 621 reduced holdings. 147 funds opened positions while 670 raised stakes. 1.61 billion shares or 1.26% less from 1.63 billion shares in 2017Q3 were reported. Global X Management Ltd holds 0.48% in Facebook, Inc. (NASDAQ:FB) or 120,206 shares. Fagan Associate Inc owns 4.12% invested in Facebook, Inc. (NASDAQ:FB) for 57,718 shares. 711,813 are held by Tocqueville Asset Mgmt Lp. Ingalls And Snyder invested in 0.09% or 11,168 shares. Foundry Prns Limited Liability Company holds 0.03% or 4,728 shares in its portfolio. Advisory Research Inc, a Illinois-based fund reported 3,599 shares. Welch And Forbes Limited Liability Corporation invested 1.08% of its portfolio in Facebook, Inc. (NASDAQ:FB). Lmr Partners Llp has 17,249 shares for 0.31% of their portfolio. Moreover, Ascend Capital Ltd Limited Liability Company has 1.63% invested in Facebook, Inc. (NASDAQ:FB). Wedge Management L LP Nc holds 0% in Facebook, Inc. (NASDAQ:FB) or 2,513 shares. Haverford holds 4,371 shares or 0.02% of its portfolio. Berson And Corrado Invest Advsr Limited Liability Corp reported 1,813 shares or 0.19% of all its holdings. Peak Asset Limited Liability Company stated it has 5,193 shares or 0.33% of all its holdings. Barclays Public Limited holds 0.55% or 3.83M shares. Acg Wealth has invested 1.53% in Facebook, Inc. (NASDAQ:FB).

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.72 EPS, up 30.30% or $0.40 from last year’s $1.32 per share. FB’s profit will be $4.98 billion for 26.55 P/E if the $1.72 EPS becomes a reality. After $1.69 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 1.78% EPS growth.

Suncoast Equity Management, which manages about $229.33 million and $362.34 million US Long portfolio, upped its stake in Home Depot (NYSE:HD) by 24,176 shares to 100,150 shares, valued at $18.98 million in 2017Q4, according to the filing.

Genesis Asset Managers Llp, which manages about $36.75 billion and $2.74B US Long portfolio, decreased its stake in America Movil Adr (NYSE:AMX) by 416,295 shares to 8.40M shares, valued at $144.02 million in 2017Q4, according to the filing. It also reduced its holding in Credicorp Ltd (NYSE:BAP) by 328,245 shares in the quarter, leaving it with 1.67M shares, and cut its stake in Embotelladora Andina Ads Rep B.

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

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