Biltmore Wealth Management Has Increased Holding in Best Buy (BBY) by $393,788; Glovista Investments Lifted Its Position in Taiwan Semiconductor Mfg LTD (TSM) by $8.09 Million

April 19, 2018 - By Maria Brooks

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Glovista Investments Llc increased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 592.54% based on its latest 2017Q4 regulatory filing with the SEC. Glovista Investments Llc bought 207,343 shares as the company’s stock rose 9.24% while stock markets declined. The institutional investor held 242,335 shares of the semiconductors company at the end of 2017Q4, valued at $9.61M, up from 34,992 at the end of the previous reported quarter. Glovista Investments Llc who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be bullish on the $199.86B market cap company. The stock decreased 6.47% or $2.71 during the last trading session, reaching $39.21. About 21.83 million shares traded or 202.57% up from the average. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 30.51% since April 19, 2017 and is uptrending. It has outperformed by 18.96% the S&P500.

Biltmore Wealth Management Llc increased its stake in Best Buy Inc (BBY) by 80.76% based on its latest 2017Q4 regulatory filing with the SEC. Biltmore Wealth Management Llc bought 5,791 shares as the company’s stock rose 0.94% while stock markets declined. The institutional investor held 12,962 shares of the consumer services company at the end of 2017Q4, valued at $888,000, up from 7,171 at the end of the previous reported quarter. Biltmore Wealth Management Llc who had been investing in Best Buy Inc for a number of months, seems to be bullish on the $20.78 billion market cap company. The stock decreased 2.53% or $1.91 during the last trading session, reaching $73.49. About 1.80M shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 46.62% since April 19, 2017 and is uptrending. It has outperformed by 35.07% the S&P500.

Among 29 analysts covering Best Buy Co (NYSE:BBY), 10 have Buy rating, 4 Sell and 15 Hold. Therefore 34% are positive. Best Buy Co had 105 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, February 27 by Jefferies. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, March 2. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, September 20. UBS maintained Best Buy Co., Inc. (NYSE:BBY) on Wednesday, August 26 with “Neutral” rating. The firm has “Hold” rating by Jefferies given on Monday, September 18. As per Friday, February 26, the company rating was maintained by Telsey Advisory Group. On Friday, February 19 the stock rating was downgraded by Goldman Sachs to “Neutral”. Wedbush maintained Best Buy Co., Inc. (NYSE:BBY) rating on Friday, November 18. Wedbush has “Underperform” rating and $24.50 target. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Neutral” rating given on Wednesday, August 24 by UBS. On Wednesday, August 26 the stock rating was maintained by Jefferies with “Buy”.

Since December 12, 2017, it had 0 insider buys, and 29 sales for $53.31 million activity. Barry Corie S also sold $172,786 worth of Best Buy Co., Inc. (NYSE:BBY) on Wednesday, March 14. 1,569 shares were sold by Walker Patricia H, worth $107,814. Joly Hubert had sold 240,468 shares worth $16.74M on Thursday, March 15. On Monday, March 12 the insider Scarlett Kathleen sold $27,892. The insider Ballard Shari L sold $359,530. MOHAN RAJENDRA M sold 54,319 shares worth $3.79 million.

Investors sentiment increased to 0.86 in 2017 Q4. Its up 0.10, from 0.76 in 2017Q3. It improved, as 34 investors sold BBY shares while 198 reduced holdings. 75 funds opened positions while 124 raised stakes. 233.61 million shares or 5.15% less from 246.28 million shares in 2017Q3 were reported. 15,511 are held by Ngam Lp. Ls Advsrs Ltd Llc holds 0.04% in Best Buy Co., Inc. (NYSE:BBY) or 10,326 shares. Sumitomo Life Insurance reported 24,603 shares. Conning holds 12,267 shares or 0.03% of its portfolio. Grantham Mayo Van Otterloo Co Limited Co invested 0.07% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). 15,324 were reported by Dreman Value L L C. Centurylink owns 23,782 shares. Advantus Capital Mngmt owns 25,622 shares or 0.04% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0.14% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). New Amsterdam Limited Co holds 0.13% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 9,633 shares. Kemnay Advisory reported 19,454 shares stake. Andra Ap stated it has 0.09% in Best Buy Co., Inc. (NYSE:BBY). 70,810 were accumulated by Caisse De Depot Et Placement Du Quebec. Hancock Company owns 256,588 shares for 0.73% of their portfolio. Cambridge Investment Research Advisors holds 0% or 4,499 shares.

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