Waddell & Reed Financial Trimmed Its Facebook (FB) Position by $87.73 Million; As Pulte Group (PHM) Valuation Rose, Clough Capital Partners LP Decreased Position by $672,300

January 18, 2018 - By Nellie Frank

Waddell & Reed Financial Inc decreased its stake in Facebook Inc (FB) by 9.12% based on its latest 2017Q3 regulatory filing with the SEC. Waddell & Reed Financial Inc sold 516,067 shares as the company’s stock rose 10.88% with the market. The institutional investor held 5.14 million shares of the technology company at the end of 2017Q3, valued at $878.47M, down from 5.66M at the end of the previous reported quarter. Waddell & Reed Financial Inc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $523.83 billion market cap company. The stock increased 1.50% or $2.67 during the last trading session, reaching $180.27. About 16.21 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 18, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Charles Clough decreased its stake in Pulte Group Inc (PHM) by 2.82% based on its latest 2017Q3 regulatory filing with the SEC. Clough Capital Partners LP sold 24,900 shares as the company’s stock rose 8.08% with the market. The hedge fund run by Charles Clough held 858,394 shares of the capital goods company at the end of 2017Q3, valued at $23.46M, down from 883,294 at the end of the previous reported quarter. Clough Capital Partners LP who had been investing in Pulte Group Inc for a number of months, seems to be less bullish one the $10.15 billion market cap company. The stock increased 0.40% or $0.136 during the last trading session, reaching $34.536. About 1.68 million shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 30.02% since January 18, 2017 and is uptrending. It has outperformed by 13.32% the S&P500.

Since October 26, 2017, it had 0 insider buys, and 2 sales for $7.21 million activity. Ellinghausen James R had sold 136,912 shares worth $4.07 million on Thursday, October 26.

Among 22 analysts covering PulteGroup (NYSE:PHM), 6 have Buy rating, 2 Sell and 14 Hold. Therefore 27% are positive. PulteGroup had 62 analyst reports since September 11, 2015 according to SRatingsIntel. The stock of PulteGroup, Inc. (NYSE:PHM) has “Neutral” rating given on Wednesday, October 25 by Mizuho. The firm earned “Neutral” rating on Wednesday, January 3 by B. Riley & Co. UBS maintained PulteGroup, Inc. (NYSE:PHM) on Wednesday, January 17 with “Buy” rating. The company was upgraded on Friday, July 22 by JP Morgan. RBC Capital Markets maintained PulteGroup, Inc. (NYSE:PHM) rating on Friday, July 22. RBC Capital Markets has “Outperform” rating and $26 target. Barclays Capital upgraded the shares of PHM in report on Wednesday, April 6 to “Equal-Weight” rating. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, October 13. The rating was upgraded by Bank of America on Friday, January 27 to “Buy”. Bank of America maintained it with “Buy” rating and $34 target in Wednesday, October 25 report. On Tuesday, September 20 the stock rating was initiated by Wedbush with “Underperform”.

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on January, 25. They expect $0.84 EPS, up 25.37% or $0.17 from last year’s $0.67 per share. PHM’s profit will be $246.95 million for 10.28 P/E if the $0.84 EPS becomes a reality. After $0.60 actual EPS reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 40.00% EPS growth.

Clough Capital Partners L P, which manages about $5.01 billion and $1.49 billion US Long portfolio, upped its stake in Franklin Res Inc (NYSE:BEN) by 88,500 shares to 215,600 shares, valued at $9.60M in 2017Q3, according to the filing. It also increased its holding in Lam Research Corp (NASDAQ:LRCX) by 201,360 shares in the quarter, for a total of 287,860 shares, and has risen its stake in Wave Life Sciences Ltd.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.15, from 0.91 in 2017Q2. It fall, as 33 investors sold PHM shares while 187 reduced holdings. 46 funds opened positions while 121 raised stakes. 244.94 million shares or 1.98% less from 249.89 million shares in 2017Q2 were reported. Schwerin Boyle has invested 0.62% in PulteGroup, Inc. (NYSE:PHM). Factory Mutual Insur reported 0.37% in PulteGroup, Inc. (NYSE:PHM). 1.68M were reported by Todd Asset Mngmt Ltd Llc. Brandywine Invest Mngmt Ltd Liability Corp invested in 355,489 shares or 0.06% of the stock. City Holding owns 107 shares for 0% of their portfolio. Fifth Third Bancorporation holds 1,652 shares or 0% of its portfolio. Moors Cabot owns 0.11% invested in PulteGroup, Inc. (NYSE:PHM) for 27,543 shares. Daiwa Securities Group accumulated 0.01% or 27,455 shares. Benjamin F Edwards & Com stated it has 59 shares or 0% of all its holdings. Janney Montgomery Scott Limited Liability Corp holds 0.01% or 24,428 shares in its portfolio. Fort Washington Invest Advsrs Oh reported 35,706 shares. Moreover, Peak6 Limited Partnership has 0.02% invested in PulteGroup, Inc. (NYSE:PHM) for 141,754 shares. Moreover, Aviva Public Limited Company has 0.03% invested in PulteGroup, Inc. (NYSE:PHM) for 181,367 shares. Amp Cap Invsts Limited stated it has 0.04% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Opus Cap Grp Limited Liability has 9,358 shares for 0.06% of their portfolio.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on February, 7. They expect $1.94 EPS, up 56.45% or $0.70 from last year’s $1.24 per share. FB’s profit will be $5.64B for 23.23 P/E if the $1.94 EPS becomes a reality. After $1.59 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 22.01% EPS growth.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 220 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 30 by Piper Jaffray. On Thursday, April 28 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was maintained by Stifel Nicolaus on Wednesday, July 26 with “Buy”. Wedbush reinitiated Facebook, Inc. (NASDAQ:FB) rating on Thursday, October 1. Wedbush has “Outperform” rating and $115 target. The rating was reinitiated by Pacific Crest with “Overweight” on Friday, January 20. Robert W. Baird maintained Facebook, Inc. (NASDAQ:FB) on Friday, September 1 with “Buy” rating. The firm has “Outperform” rating given on Thursday, April 28 by Wedbush. The rating was maintained by Robert W. Baird with “Buy” on Thursday, November 2. The firm has “Outperform” rating by Oppenheimer given on Thursday, November 5. The rating was maintained by Barclays Capital with “Overweight” on Thursday, April 28.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It turned negative, 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. Cubist Systematic Strategies Ltd Liability Corp has invested 0.67% in Facebook, Inc. (NASDAQ:FB). Fiera stated it has 0.04% in Facebook, Inc. (NASDAQ:FB). Ativo Cap Management Limited reported 15,173 shares. Everett Harris Ca invested in 0.94% or 183,957 shares. Navellier And Assocs Inc owns 2,405 shares. Oakmont reported 8.26% in Facebook, Inc. (NASDAQ:FB). Alps Advsr owns 0.01% invested in Facebook, Inc. (NASDAQ:FB) for 11,589 shares. Btim reported 4,808 shares. Eastern National Bank accumulated 125,468 shares or 1.52% of the stock. Greenwood Cap Ltd holds 0.55% or 13,014 shares in its portfolio. Caisse De Depot Et Placement Du Quebec reported 626,992 shares or 0.25% of all its holdings. Etrade Capital Lc accumulated 0.24% or 39,752 shares. Chem Comml Bank holds 0.77% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 40,378 shares. Davenport And Co Llc accumulated 0.75% or 346,263 shares. Moreover, Financial Architects Inc has 1.88% invested in Facebook, Inc. (NASDAQ:FB) for 6,001 shares.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: