Facebook (FB) Market Valuation Rose While Pictet Bank & Trust LTD Has Increased Stake; Nordstrom (JWN) Market Value Declined While Van Strum & Towne Has Cut Position

October 12, 2017 - By Vivian Currie

Pictet Bank & Trust Ltd increased its stake in Facebook Inc (FB) by 15.55% based on its latest 2017Q2 regulatory filing with the SEC. Pictet Bank & Trust Ltd bought 7,570 shares as the company’s stock rose 10.88% with the market. The institutional investor held 56,250 shares of the technology company at the end of 2017Q2, valued at $8.49 million, up from 48,680 at the end of the previous reported quarter. Pictet Bank & Trust Ltd who had been investing in Facebook Inc for a number of months, seems to be bullish on the $503.24 billion market cap company. The stock rose 0.31% or $0.54 reaching $173.28 per share. About 3.66 million shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since October 12, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Van Strum & Towne Inc decreased its stake in Nordstrom Inc (JWN) by 25.91% based on its latest 2017Q2 regulatory filing with the SEC. Van Strum & Towne Inc sold 10,520 shares as the company’s stock declined 10.77% while stock markets rallied. The institutional investor held 30,079 shares of the consumer services company at the end of 2017Q2, valued at $1.44 million, down from 40,599 at the end of the previous reported quarter. Van Strum & Towne Inc who had been investing in Nordstrom Inc for a number of months, seems to be less bullish one the $7.05B market cap company. The stock declined 1.00% or $0.43 reaching $42.49 per share. About 980,907 shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 9.86% since October 12, 2016 and is uptrending. It has underperformed by 6.84% the S&P500.

More notable recent Nordstrom, Inc. (NYSE:JWN) news were published by: Latimes.com which released: “Nordstrom’s newest store aims for a personal touch — and no clothing racks” on October 07, 2017, also Wsj.com with their article: “Nordstrom Family Scrambles to Save Buyout Plans” published on October 06, 2017, Fool.com published: “Why Nordstrom, Inc. Stock Popped Today” on September 13, 2017. More interesting news about Nordstrom, Inc. (NYSE:JWN) were released by: Seekingalpha.com and their article: “Nordstrom: Strike When The Iron Is Hot” published on September 29, 2017 as well as Bloomberg.com‘s news article titled: “Nordstrom Local Is an Idea Worth Trying” with publication date: October 03, 2017.

Investors sentiment decreased to 0.84 in 2017 Q2. Its down 0.03, from 0.87 in 2017Q1. It turned negative, as 59 investors sold JWN shares while 179 reduced holdings. 72 funds opened positions while 128 raised stakes. 92.48 million shares or 1.86% less from 94.23 million shares in 2017Q1 were reported. Franklin Resource owns 1.06M shares. Wfg Advsr Ltd Partnership reported 0% stake. Pub Sector Pension Invest Board holds 12,427 shares. Raymond James Assocs accumulated 156,066 shares. Benjamin F Edwards has 2,639 shares for 0.02% of their portfolio. Cambridge Financial Gp Inc has invested 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Hsbc Hldgs Plc has invested 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN). Coldstream Cap Mgmt has 0.03% invested in Nordstrom, Inc. (NYSE:JWN) for 4,345 shares. Lsv Asset invested in 0% or 11,700 shares. Ohio-based Victory Mgmt has invested 0% in Nordstrom, Inc. (NYSE:JWN). Advantus Mngmt Incorporated holds 0.01% or 11,018 shares. Weiss Multi holds 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 10,515 shares. Davidson Advsrs owns 227,026 shares or 1.53% of their US portfolio. Focused Wealth Management holds 0.01% or 426 shares. State Treasurer State Of Michigan, a Michigan-based fund reported 36,592 shares.

Among 29 analysts covering Nordstrom Inc. (NYSE:JWN), 8 have Buy rating, 6 Sell and 15 Hold. Therefore 28% are positive. Nordstrom Inc. had 89 analyst reports since August 14, 2015 according to SRatingsIntel. Cowen & Co maintained Nordstrom, Inc. (NYSE:JWN) rating on Friday, August 11. Cowen & Co has “Buy” rating and $4900 target. The firm has “Buy” rating given on Friday, May 5 by Maxim Group. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, August 12 report. The firm has “Neutral” rating by Piper Jaffray given on Monday, March 21. As per Friday, August 12, the company rating was maintained by Goldman Sachs. The rating was maintained by Cowen & Co on Friday, June 9 with “Buy”. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Hold” rating by RBC Capital Markets on Tuesday, August 29. Telsey Advisory Group maintained the shares of JWN in report on Friday, November 13 with “Market Perform” rating. The company was maintained on Friday, October 2 by Deutsche Bank. As per Friday, August 14, the company rating was maintained by Brean Capital.

Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on November, 9. They expect $0.64 earnings per share, down 23.81% or $0.20 from last year’s $0.84 per share. JWN’s profit will be $106.19M for 16.60 P/E if the $0.64 EPS becomes a reality. After $0.65 actual earnings per share reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts -1.54% negative EPS growth.

Since April 28, 2017, it had 0 buys, and 25 sales for $796.22 million activity. Stretch Colin also sold $114,881 worth of Facebook Inc (NASDAQ:FB) on Tuesday, May 2. Another trade for 122,521 shares valued at $18.75 million was sold by Zuckerberg Mark. $88.97M worth of stock was sold by Koum Jan on Monday, May 15. On Friday, April 28 the insider Wehner David M. sold $3.00M. The insider Cox Christopher K sold 16,000 shares worth $2.40 million. Schroepfer Michael Todd sold $5.73M worth of stock.

Pictet Bank & Trust Ltd, which manages about $316.58 million US Long portfolio, decreased its stake in Ishares Tr (IWM) by 47,890 shares to 28,550 shares, valued at $4.02M in 2017Q2, according to the filing. It also reduced its holding in Nike Inc (NYSE:NKE) by 28,000 shares in the quarter, leaving it with 47,800 shares, and cut its stake in Powershares Qqq Trust (QQQ).

Investors sentiment increased to 1.4 in Q2 2017. Its up 0.05, from 1.35 in 2017Q1. It increased, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported. Martin Currie Ltd holds 1.16% or 95,600 shares. Art Advsr Limited Com has 8,800 shares. Veritable LP reported 0.26% stake. Jabre Partners Sa holds 0.56% of its portfolio in Facebook Inc (NASDAQ:FB) for 41,500 shares. Mraz Amerine And Associates, California-based fund reported 1,436 shares. Private Wealth has 20,073 shares for 1.3% of their portfolio. Front Barnett Assocs Lc holds 0.06% or 2,207 shares in its portfolio. Clark Grp Inc reported 76,976 shares stake. Financial Architects stated it has 0.66% of its portfolio in Facebook Inc (NASDAQ:FB). Moreover, Pr Herzig & Communications has 1.46% invested in Facebook Inc (NASDAQ:FB) for 4,975 shares. Oppenheimer Asset Mngmt reported 0.62% in Facebook Inc (NASDAQ:FB). Salient Ltd Company has 0.04% invested in Facebook Inc (NASDAQ:FB) for 11,960 shares. Nbt Fincl Bank N A New York holds 0.13% or 5,223 shares. Wedge Capital L Limited Partnership Nc reported 1,485 shares. 1,500 were accumulated by Ionic Mgmt Ltd Limited Liability Company.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Reuters.com which released: “Facebook to sell portable headset for virtual reality” on October 11, 2017, also Fool.com with their article: “Facebook vs. Twitter” published on October 04, 2017, Finance.Yahoo.com published: “Facebook Inc (FB) Stock Price Will Continue Outperforming Rivals” on October 05, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Investorplace.com and their article: “Facebook Inc (FB) Stock: It’s Clear That the Zuckerberg Honeymoon is Over” published on October 11, 2017 as well as Fool.com‘s news article titled: “The better buy is…” with publication date: October 03, 2017.

Among 52 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 182 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, July 11 by Pivotal Research. RBC Capital Markets maintained it with “Outperform” rating and $160 target in Thursday, January 28 report. As per Thursday, July 30, the company rating was maintained by Rosenblatt. The company was maintained on Thursday, November 5 by Jefferies. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Canaccord Genuity on Monday, July 24. Cowen & Co maintained the shares of FB in report on Friday, July 14 with “Buy” rating. The company was initiated on Friday, September 23 by Loop Capital. As per Thursday, July 30, the company rating was maintained by Oppenheimer. Jyske Bank downgraded the stock to “Sell” rating in Friday, October 30 report. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, June 7.

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