Flossbach Von Storch Ag Position in Facebook (FB) Has Raised by $16.85 Million; As General Electric Co (GE) Shares Declined, Holder Finemark National Bank & Trust Has Decreased Its Holding

November 14, 2017 - By reb123z

Flossbach Von Storch Ag increased its stake in Facebook (FB) by 85.83% based on its latest 2017Q2 regulatory filing with the SEC. Flossbach Von Storch Ag bought 112,310 shares as the company’s stock rose 10.88% with the market. The institutional investor held 243,165 shares of the technology company at the end of 2017Q2, valued at $36.71 million, up from 130,855 at the end of the previous reported quarter. Flossbach Von Storch Ag who had been investing in Facebook for a number of months, seems to be bullish on the $518.63 billion market cap company. The stock declined 0.16% or $0.29 reaching $178.48 on the news. About 7.46 million shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since November 14, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Finemark National Bank & Trust decreased its stake in General Electric Co (GE) by 3.51% based on its latest 2017Q2 regulatory filing with the SEC. Finemark National Bank & Trust sold 16,685 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 458,325 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $12.38M, down from 475,010 at the end of the previous reported quarter. Finemark National Bank & Trust who had been investing in General Electric Co for a number of months, seems to be less bullish one the $156.88B market cap company. The stock declined 4.91% or $0.93 reaching $18.09 per share. About 271.28 million shares traded or 217.40% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since November 14, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

More notable recent General Electric Company (NYSE:GE) news were published by: Investorplace.com which released: “Tuesday’s Vital Data: General Electric Company (GE), Tesla Inc (TSLA) and CBS …” on November 14, 2017, also Cnbc.com with their article: “Lonely Wall Street analyst is ‘sticking’ with General Electric even after its …” published on November 14, 2017, Seekingalpha.com published: “GE’s Flannery: A Lackluster Performance” on November 14, 2017. More interesting news about General Electric Company (NYSE:GE) were released by: Cnbc.com and their article: “GE’s energy business could soon look very different” published on November 13, 2017 as well as Cnbc.com‘s news article titled: “GE shares break below $18 as two-day loss reaches 13%; Wall Street expects …” with publication date: November 14, 2017.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It is negative, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. 4.61 billion shares or 0.66% more from 4.58 billion shares in 2017Q1 were reported. Princeton Portfolio Strategies Grp Llc invested 1.73% in General Electric Company (NYSE:GE). Regal Inv Advsrs Lc stated it has 1.15% of its portfolio in General Electric Company (NYSE:GE). Lakeview Cap Partners Limited Liability Corporation has invested 1.39% in General Electric Company (NYSE:GE). Security Natl Communication holds 159,915 shares or 1.45% of its portfolio. Victory Capital Mngmt reported 2.70M shares. Supplemental Annuity Collective Of Nj owns 110,000 shares for 1.33% of their portfolio. Howard Cap invested in 2.49% or 586,308 shares. Intersect Capital Llc invested in 164,137 shares. Nine Masts Cap Limited holds 13,291 shares. Legal And General Gp Plc owns 42.21 million shares for 0.92% of their portfolio. Td Asset Mgmt Inc reported 10.42M shares stake. 142,350 are held by F&V Cap Limited Co. Stonebridge Cap Mngmt owns 309,534 shares for 3.19% of their portfolio. Waldron LP has invested 0.15% in General Electric Company (NYSE:GE). Lourd Capital Ltd Liability holds 73,517 shares or 0.19% of its portfolio.

Finemark National Bank & Trust, which manages about $1.39B US Long portfolio, upped its stake in Varian Med Sys Inc (NYSE:VAR) by 3,372 shares to 5,744 shares, valued at $593,000 in 2017Q2, according to the filing. It also increased its holding in Vanguard Whitehall Fds Inc (VYM) by 4,182 shares in the quarter, for a total of 65,898 shares, and has risen its stake in Unitedhealth Group Inc (NYSE:UNH).

Among 25 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 5 Sell and 9 Hold. Therefore 44% are positive. General Electric Company had 75 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Langenberg given on Monday, November 13. The company was maintained on Monday, June 12 by Oppenheimer. Morgan Stanley maintained General Electric Company (NYSE:GE) rating on Thursday, October 6. Morgan Stanley has “Equal-Weight” rating and $31 target. The stock has “Hold” rating by BMO Capital Markets on Thursday, March 23. RBC Capital Markets maintained it with “Outperform” rating and $35 target in Monday, April 24 report. The rating was downgraded by Oppenheimer to “Underperform” on Tuesday, October 24. The firm has “Perform” rating by Oppenheimer given on Monday, September 21. On Wednesday, October 14 the stock rating was maintained by S&P Research with “Buy”. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Friday, July 22 by Standpoint Research. The stock has “Sell” rating by Deutsche Bank on Monday, September 11.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.28 EPS, down 39.13% or $0.18 from last year’s $0.46 per share. GE’s profit will be $2.43B for 16.15 P/E if the $0.28 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 207 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Thursday, July 30 with “Outperform”. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 3. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Axiom Capital on Tuesday, July 28. The company was maintained on Wednesday, November 1 by Aegis Capital. The firm earned “Buy” rating on Wednesday, July 19 by Needham. Evercore maintained Facebook Inc (NASDAQ:FB) on Thursday, April 28 with “Buy” rating. Susquehanna maintained Facebook Inc (NASDAQ:FB) on Thursday, April 28 with “Positive” rating. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with “Hold”. On Thursday, November 2 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Buy” rating given on Tuesday, September 19 by Mizuho.

Investors sentiment increased to 1.4 in Q2 2017. Its up 0.05, from 1.35 in 2017Q1. It is positive, 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. Augustine Asset Mngmt reported 0.19% stake. Thompson Davis Company Inc has invested 1.71% in Facebook Inc (NASDAQ:FB). Endowment Limited Partnership reported 36,000 shares. Boston Common Asset Management Ltd holds 2,032 shares. Kemper Corp Master Retirement Trust reported 39,900 shares stake. Shamrock Asset Mngmt Ltd Com owns 227 shares. Murphy Cap Mgmt invested in 74,630 shares or 1.66% of the stock. Cypress Mgmt Ltd Llc (Wy) holds 0% or 1,300 shares in its portfolio. Liberty Mutual Asset Management reported 0.93% of its portfolio in Facebook Inc (NASDAQ:FB). Bridges Counsel stated it has 16,815 shares. Fulton Bancorp Na reported 59,491 shares. Community Tru Investment Comm holds 1.98% or 117,395 shares. Truepoint Inc holds 0.62% or 36,267 shares in its portfolio. Sentinel Lba reported 1,869 shares. Genesee Valley Tru Commerce holds 1.22% or 19,060 shares in its portfolio.

Since May 15, 2017, it had 0 insider buys, and 14 selling transactions for $147.86 million activity. 209 Facebook Inc (NASDAQ:FB) shares with value of $30,236 were sold by Desmond-Hellmann Susan. $5.71 million worth of Facebook Inc (NASDAQ:FB) was sold by Schroepfer Michael Todd. $112,575 worth of Facebook Inc (NASDAQ:FB) shares were sold by Stretch Colin. The insider Zuckerberg Mark sold $2.50 million. Another trade for 16,000 shares valued at $2.37M was made by Cox Christopher K on Monday, May 22. The insider Koum Jan sold 594,246 shares worth $88.97M.

Flossbach Von Storch Ag, which manages about $8.78 billion US Long portfolio, decreased its stake in Wells Fargo (NYSE:WFC) by 61,400 shares to 534,210 shares, valued at $29.60 million in 2017Q2, according to the filing. It also reduced its holding in 1000 Ctrip.Com 01.07.2020 (Prn) by 1.00 million shares in the quarter, leaving it with 1.00 million shares, and cut its stake in Cisco Systems (NASDAQ:CSCO).

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Investorplace.com which released: “Why Facebook Inc Stock Will Head to Over $200” on November 08, 2017, also Fool.com with their article: “Facebook, Inc.’s Revenue and Profits Surge” published on November 02, 2017, Valuewalk.com published: “Facebook Inc Supports FEC Program To Make Political Ads More Transparent” on November 14, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Investorplace.com and their article: “The Trend in Facebook Inc Is a Beaut, Buy It” published on November 14, 2017 as well as Forbes.com‘s news article titled: “Earnings Preview: What To Expect From Facebook On Wednesday” with publication date: October 27, 2017.

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