As Jd Com (JD) Valuation Rose, Wcm Investment Management Has Decreased Holding; As Progressive Ohio (PGR) Shares Rose, Wealthtrust Fairport Boosted Position by $1.03 Million

October 12, 2017 - By Peter Erickson

Wcm Investment Management decreased its stake in Jd Com Inc (JD) by 32.03% based on its latest 2017Q2 regulatory filing with the SEC. Wcm Investment Management sold 27,283 shares as the company’s stock rose 37.55% with the market. The institutional investor held 57,908 shares of the consumer services company at the end of 2017Q2, valued at $2.27M, down from 85,191 at the end of the previous reported quarter. Wcm Investment Management who had been investing in Jd Com Inc for a number of months, seems to be less bullish one the $55.32 billion market cap company. The stock declined 2.25% or $0.89 reaching $38.73 per share. About 7.17M shares traded. JD.Com Inc(ADR) (NASDAQ:JD) has risen 77.67% since October 12, 2016 and is uptrending. It has outperformed by 60.97% the S&P500.

Wealthtrust Fairport Llc increased its stake in Progressive Corp Ohio (PGR) by 197.28% based on its latest 2017Q2 regulatory filing with the SEC. Wealthtrust Fairport Llc bought 23,398 shares as the company’s stock rose 6.56% with the market. The institutional investor held 35,258 shares of the property-casualty insurers company at the end of 2017Q2, valued at $1.56 million, up from 11,860 at the end of the previous reported quarter. Wealthtrust Fairport Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be bullish on the $28.48B market cap company. The stock declined 0.73% or $0.36 reaching $48.89 on the news. About 819,658 shares traded. Progressive Corp (NYSE:PGR) has risen 26.23% since October 12, 2016 and is uptrending. It has outperformed by 9.53% the S&P500.

Investors sentiment is 1.19 in 2017 Q2. Its the same as in 2017Q1. It has no change, as 32 investors sold PGR shares while 188 reduced holdings. only 76 funds opened positions while 185 raised stakes. 449.71 million shares or 0.33% less from 451.19 million shares in 2017Q1 were reported. Qs Invsts Ltd Liability, a New York-based fund reported 6,651 shares. Paloma Prtn Mngmt accumulated 17,474 shares. Wetherby Asset Mgmt, California-based fund reported 16,491 shares. Dupont Capital Management accumulated 4,215 shares or 0% of the stock. Foster Dykema Cabot And Ma reported 6,132 shares stake. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma owns 2,158 shares. Moreover, Fayez Sarofim & has 0% invested in Progressive Corp (NYSE:PGR). The Texas-based Usca Ria Limited Liability Corporation has invested 0.38% in Progressive Corp (NYSE:PGR). Davenport & Ltd holds 9,100 shares. Palisades Hudson Asset Management Ltd Partnership accumulated 5,037 shares. Illinois-based Driehaus Capital Mgmt Ltd Liability has invested 0.01% in Progressive Corp (NYSE:PGR). Advisory Serv Net Lc has 6,579 shares for 0.04% of their portfolio. Ohio-based Cleararc Capital has invested 0.1% in Progressive Corp (NYSE:PGR). Macquarie Grp has invested 0% of its portfolio in Progressive Corp (NYSE:PGR). Bradley Foster Sargent Inc Ct, a Connecticut-based fund reported 21,500 shares.

Wealthtrust Fairport Llc, which manages about $1.31B and $912.63M US Long portfolio, decreased its stake in Vanguard Index Fds (VNQ) by 11,810 shares to 95,313 shares, valued at $7.93M in 2017Q2, according to the filing. It also reduced its holding in Nasdaq Inc (NASDAQ:NDAQ) by 12,570 shares in the quarter, leaving it with 102,922 shares, and cut its stake in Indexiq Etf Tr (QAI).

Since May 22, 2017, it had 0 insider purchases, and 3 sales for $2.50 million activity. Sieger Michael D also sold $223,695 worth of Progressive Corp (NYSE:PGR) on Friday, June 16. Broz Steven also sold $45,705 worth of Progressive Corp (NYSE:PGR) shares.

Among 18 analysts covering Progressive (NYSE:PGR), 7 have Buy rating, 3 Sell and 8 Hold. Therefore 39% are positive. Progressive had 43 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, September 18. The stock of Progressive Corp (NYSE:PGR) has “Buy” rating given on Tuesday, June 20 by Keefe Bruyette & Woods. On Wednesday, August 16 the stock rating was maintained by Wells Fargo with “Hold”. Wells Fargo maintained it with “Hold” rating and $4500 target in Tuesday, July 18 report. The rating was maintained by FBR Capital on Monday, April 3 with “Mkt Perform”. The stock of Progressive Corp (NYSE:PGR) has “Neutral” rating given on Tuesday, December 1 by Citigroup. The stock of Progressive Corp (NYSE:PGR) has “Underperform” rating given on Friday, November 6 by Credit Suisse. The firm has “Neutral” rating given on Friday, October 14 by Citigroup. The rating was maintained by Citigroup on Thursday, August 17 with “Neutral”. The stock of Progressive Corp (NYSE:PGR) has “Mkt Perform” rating given on Friday, September 16 by Keefe Bruyette & Woods.

More recent Progressive Corp (NYSE:PGR) news were published by: Seekingalpha.com which released: “Progressive: August 2017 Update” on September 28, 2017. Also Nasdaq.com published the news titled: “Progressive Reaches Analyst Target Price” on September 12, 2017. Wsj.com‘s news article titled: “Progressive Reports Hurricane Harvey Linked to 90% of Total Catastrophe Losses …” with publication date: September 19, 2017 was also an interesting one.

More notable recent JD.Com Inc(ADR) (NASDAQ:JD) news were published by: Investorplace.com which released: “This a Rare Opportunity to Buy JD.Com (JD) Stock” on October 04, 2017, also Investorplace.com with their article: “The Pullback in JD.com, Inc. (ADR) Looks Like a Buying Opportunity” published on October 11, 2017, Investorplace.com published: “JD Stock Standing Tall Even While Alibaba Thrives” on October 05, 2017. More interesting news about JD.Com Inc(ADR) (NASDAQ:JD) were released by: Investorplace.com and their article: “Is JD.Com (JD) Stock a Dip Buy? 3 Pros, 3 Cons” published on September 28, 2017 as well as Investorplace.com‘s news article titled: “JD.com Inc(ADR) (JD) Stock Is on the Rise as a Drone Investment” with publication date: October 10, 2017.

Among 19 analysts covering JD.com (NASDAQ:JD), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. JD.com had 34 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by M Partners on Tuesday, December 15. The firm has “Overweight” rating given on Thursday, December 17 by Morgan Stanley. The stock has “Buy” rating by Jefferies on Tuesday, August 22. JP Morgan upgraded JD.Com Inc(ADR) (NASDAQ:JD) on Monday, January 9 to “Overweight” rating. The stock of JD.Com Inc(ADR) (NASDAQ:JD) has “Buy” rating given on Tuesday, October 3 by Jefferies. The rating was initiated by TH Capital on Thursday, August 6 with “Buy”. The firm earned “Buy” rating on Thursday, August 11 by Jefferies. The company was downgraded on Tuesday, May 10 by Credit Suisse. As per Friday, November 6, the company rating was initiated by Goldman Sachs. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 14.

Wcm Investment Management, which manages about $6.48 billion US Long portfolio, upped its stake in Canadian Natl Ry Co (NYSE:CNI) by 45,312 shares to 724,193 shares, valued at $58.70M in 2017Q2, according to the filing. It also increased its holding in Core Laboratories N V (NYSE:CLB) by 303,073 shares in the quarter, for a total of 4.43 million shares, and has risen its stake in Boston Scientific Corp (NYSE:BSX).

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