As Apple (AAPL) Market Value Declined, Shareholder Alethea Capital Management Has Increased Its Stake; Wealthfront Has Cut Stake in Facebook Cl A (FB) as Stock Price Declined

May 24, 2018 - By Maria Brooks

Facebook, Inc. (NASDAQ:FB) Logo

Alethea Capital Management Llc increased its stake in Apple Inc (AAPL) by 188.4% based on its latest 2017Q4 regulatory filing with the SEC. Alethea Capital Management Llc bought 1,884 shares as the company’s stock declined 3.81% with the market. The institutional investor held 2,884 shares of the computer manufacturing company at the end of 2017Q4, valued at $488,000, up from 1,000 at the end of the previous reported quarter. Alethea Capital Management Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $925.77B market cap company. The stock decreased 0.01% or $0.0104 during the last trading session, reaching $188.3496. About 13.63 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 24, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Wealthfront Inc decreased its stake in Facebook Inc Cl A (FB) by 7.78% based on its latest 2017Q4 regulatory filing with the SEC. Wealthfront Inc sold 20,683 shares as the company’s stock declined 14.10% with the market. The institutional investor held 245,046 shares of the technology company at the end of 2017Q4, valued at $43.24 million, down from 265,729 at the end of the previous reported quarter. Wealthfront Inc who had been investing in Facebook Inc Cl A for a number of months, seems to be less bullish one the $539.81B market cap company. The stock decreased 0.22% or $0.4151 during the last trading session, reaching $186.4849. About 8.56 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since May 24, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It improved, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. 6,694 are owned by Long Road Counsel Limited. Gotham Asset Limited invested 0.48% in Apple Inc. (NASDAQ:AAPL). Moreover, Alethea Cap Mgmt Ltd has 0.78% invested in Apple Inc. (NASDAQ:AAPL) for 2,884 shares. Creative Planning owns 2.31 million shares. Peavine Limited has 0.11% invested in Apple Inc. (NASDAQ:AAPL) for 1,318 shares. Commerce Bank & Trust has 1.01 million shares for 2.23% of their portfolio. Lpl Fincl Ltd Co has 1% invested in Apple Inc. (NASDAQ:AAPL). Moreover, Confluence Wealth Mngmt Ltd Liability has 1.35% invested in Apple Inc. (NASDAQ:AAPL). Sky Invest Gp Limited Liability Company accumulated 1,316 shares. Moreover, First Savings Bank has 1.78% invested in Apple Inc. (NASDAQ:AAPL). Foster Motley holds 2.56% or 94,510 shares. Gam Ag owns 62,834 shares or 0.33% of their US portfolio. The New York-based Mutual Of America Mngmt Ltd Liability Com has invested 1.9% in Apple Inc. (NASDAQ:AAPL). Bb&T Corp reported 1.51% of its portfolio in Apple Inc. (NASDAQ:AAPL). Moreover, 10 has 0.13% invested in Apple Inc. (NASDAQ:AAPL).

Since December 7, 2017, it had 0 insider purchases, and 10 sales for $47.05 million activity. $910,129 worth of stock was sold by KONDO CHRIS on Wednesday, May 16. $3.26 million worth of stock was sold by Riccio Daniel J. on Thursday, May 17. LEVINSON ARTHUR D also sold $6.51 million worth of Apple Inc. (NASDAQ:AAPL) on Wednesday, May 9. Maestri Luca sold 39,122 shares worth $6.83M. 15,653 shares valued at $2.90M were sold by WILLIAMS JEFFREY E on Tuesday, May 8. $11.56 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by SCHILLER PHILIP W.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Trading Mistake 8 (Apple): Poor Profit-Taking” on May 23, 2018, also Fool.com with their article: “Why Apple Is a Great Dividend Growth Stock” published on May 23, 2018, Fool.com published: “Apple Is Slipping Further Away From This 5-Year-Old Prediction” on May 23, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Benzinga.com and their article: “BofA: Apple Has Room To Grow In Emerging Markets” published on May 23, 2018 as well as Nasdaq.com‘s news article titled: “5 Niche Tech ETFs Hitting All-Time Highs” with publication date: May 24, 2018.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 37 have Buy rating, 1 Sell and 18 Hold. Therefore 66% are positive. Apple Inc. had 416 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, June 5. The firm has “Buy” rating by Bank of America given on Wednesday, May 23. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, July 27. As per Monday, January 11, the company rating was maintained by Deutsche Bank. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Mizuho on Monday, January 11. The stock has “Buy” rating by Sterne Agee CRT on Tuesday, September 29. Rosenblatt maintained it with “Hold” rating and $15000 target in Wednesday, August 2 report. BTIG Research maintained it with “Buy” rating and $133 target in Thursday, September 15 report. The company was downgraded on Friday, February 2 by Bernstein. The firm has “Buy” rating given on Friday, September 16 by Canaccord Genuity.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.06, from 1.15 in 2017Q3. It increased, as 57 investors sold FB shares while 621 reduced holdings. 147 funds opened positions while 670 raised stakes. 1.61 billion shares or 1.26% less from 1.63 billion shares in 2017Q3 were reported. Sit Investment Associate Inc stated it has 0.33% of its portfolio in Facebook, Inc. (NASDAQ:FB). King Wealth Mgmt Group Incorporated Ltd Llc reported 42,961 shares stake. Everence, a Indiana-based fund reported 52,985 shares. Metropolitan Life Insurance Ny reported 1.1% in Facebook, Inc. (NASDAQ:FB). Peddock Cap Advsr Lc has 0.14% invested in Facebook, Inc. (NASDAQ:FB) for 1,623 shares. University Of Texas Managment reported 3,031 shares. Waratah Capital has invested 2.65% in Facebook, Inc. (NASDAQ:FB). Tanaka Management accumulated 0.21% or 509 shares. Corvex Mgmt LP owns 891,000 shares. Covenant Multifamily Offices Limited Company has 184 shares. Sands Management Ltd Llc reported 12.65M shares or 6.77% of all its holdings. Kamunting Street Cap Mngmt Lp owns 45,000 shares. The New York-based Neuberger Berman Gru Lc has invested 0.43% in Facebook, Inc. (NASDAQ:FB). Schaper Benz Wise Investment Counsel Incorporated Wi invested 0.67% in Facebook, Inc. (NASDAQ:FB). Quantitative Systematic Strategies Limited Liability Corp, Connecticut-based fund reported 4,969 shares.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.72 earnings per share, up 30.30% or $0.40 from last year’s $1.32 per share. FB’s profit will be $4.98B for 27.11 P/E if the $1.72 EPS becomes a reality. After $1.69 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 1.78% EPS growth.

Since December 7, 2017, it had 0 insider purchases, and 56 sales for $2.39 billion activity. $81.79 million worth of Facebook, Inc. (NASDAQ:FB) shares were sold by Zuckerberg Mark. $3.29 million worth of stock was sold by FISCHER DAVID B. on Tuesday, February 27. The insider Wehner David M. sold $2.66 million. The insider Sandberg Sheryl sold 55,000 shares worth $10.28M. 1.25 million shares were sold by Koum Jan, worth $221.33 million on Thursday, February 15. 750 Facebook, Inc. (NASDAQ:FB) shares with value of $134,125 were sold by Stretch Colin.

Wealthfront Inc, which manages about $1.70B and $8.87 billion US Long portfolio, upped its stake in Goldman Sachs Group Inc Com (NYSE:GS) by 2,232 shares to 14,428 shares, valued at $3.68M in 2017Q4, according to the filing. It also increased its holding in Schwab Strategic Tr Us Dividend Eq (SCHD) by 46,198 shares in the quarter, for a total of 4.56M shares, and has risen its stake in Macys Inc Com (NYSE:M).

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 270 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, April 26. The firm has “Buy” rating by Credit Suisse given on Thursday, November 2. The rating was maintained by Jefferies on Thursday, July 27 with “Buy”. M Partners maintained Facebook, Inc. (NASDAQ:FB) on Monday, July 17 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $250.0 target in Wednesday, January 31 report. On Thursday, February 1 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by UBS with “Buy” on Thursday, November 2. Mizuho maintained the shares of FB in report on Thursday, November 5 with “Buy” rating. The firm earned “Outperform” rating on Thursday, November 5 by FBR Capital. Citigroup maintained Facebook, Inc. (NASDAQ:FB) on Friday, April 1 with “Buy” rating.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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