As Ebay (Put) (EBAY) Stock Rose, Shareholder Point72 Asset Management LP Has Decreased Position; As Arista Networks (ANET) Stock Rose, De Burlo Group Has Boosted by $3.37 Million Its Position

February 18, 2018 - By Clifton Ray

Steve Cohen decreased its stake in Ebay Inc (Put) (EBAY) by 98.11% based on its latest 2017Q3 regulatory filing with the SEC. Point72 Asset Management Lp sold 907,500 shares as the company’s stock rose 0.21% with the market. The hedge fund run by Steve Cohen held 17,500 shares of the business services company at the end of 2017Q3, valued at $673,000, down from 925,000 at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Ebay Inc (Put) for a number of months, seems to be less bullish one the $43.86B market cap company. The stock increased 0.77% or $0.33 during the last trading session, reaching $43.34. About 9.40 million shares traded. eBay Inc. (NASDAQ:EBAY) has risen 44.45% since February 18, 2017 and is uptrending. It has outperformed by 27.75% the S&P500.

De Burlo Group Inc increased its stake in Arista Networks Inc (ANET) by 28.97% based on its latest 2017Q3 regulatory filing with the SEC. De Burlo Group Inc bought 17,850 shares as the company’s stock rose 21.01% with the market. The institutional investor held 79,470 shares of the technology company at the end of 2017Q3, valued at $15.07M, up from 61,620 at the end of the previous reported quarter. De Burlo Group Inc who had been investing in Arista Networks Inc for a number of months, seems to be bullish on the $18.24B market cap company. The stock decreased 18.99% or $58.47 during the last trading session, reaching $249.49. About 8.89 million shares traded or 778.51% up from the average. Arista Networks, Inc. (NYSE:ANET) has risen 111.25% since February 18, 2017 and is uptrending. It has outperformed by 94.55% the S&P500.

Among 35 analysts covering Arista Networks (NYSE:ANET), 17 have Buy rating, 0 Sell and 18 Hold. Therefore 49% are positive. Arista Networks had 120 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, June 6 by Jefferies. The firm has “Buy” rating given on Thursday, November 16 by Needham. Stifel Nicolaus reinitiated the stock with “Buy” rating in Friday, November 18 report. The stock of Arista Networks, Inc. (NYSE:ANET) has “Buy” rating given on Friday, June 2 by Oppenheimer. The firm has “Neutral” rating given on Friday, November 3 by Citigroup. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, July 11. The firm earned “Sector Perform” rating on Friday, August 4 by RBC Capital Markets. DA Davidson initiated it with “Buy” rating and $118 target in Wednesday, January 25 report. As per Friday, July 21, the company rating was maintained by Oppenheimer. The stock has “Buy” rating by Oppenheimer on Friday, July 14.

De Burlo Group Inc, which manages about $619.44 million and $451.20 million US Long portfolio, decreased its stake in Sherwin Williams Co (NYSE:SHW) by 5,700 shares to 7,850 shares, valued at $2.81M in 2017Q3, according to the filing. It also reduced its holding in Church & Dwight Inc (NYSE:CHD) by 120,800 shares in the quarter, leaving it with 76,400 shares, and cut its stake in Bard C R Inc (NYSE:BCR).

Among 44 analysts covering eBay Inc (NASDAQ:EBAY), 25 have Buy rating, 3 Sell and 16 Hold. Therefore 57% are positive. eBay Inc had 161 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Topeka Capital Markets on Thursday, October 22. The rating was maintained by BMO Capital Markets with “Market Perform” on Wednesday, October 18. The stock of eBay Inc. (NASDAQ:EBAY) earned “Buy” rating by Susquehanna on Friday, July 21. The stock of eBay Inc. (NASDAQ:EBAY) has “Sell” rating given on Thursday, February 1 by Mizuho. The company was maintained on Thursday, January 28 by Benchmark. As per Thursday, July 13, the company rating was maintained by BMO Capital Markets. RBC Capital Markets maintained eBay Inc. (NASDAQ:EBAY) rating on Wednesday, October 11. RBC Capital Markets has “Hold” rating and $36.0 target. SunTrust maintained it with “Buy” rating and $46.0 target in Wednesday, January 31 report. The rating was maintained by Benchmark on Thursday, July 21 with “Buy”. As per Friday, April 1, the company rating was maintained by Citigroup.

Point72 Asset Management Lp, which manages about $22.41 billion US Long portfolio, upped its stake in Alaska Air Group Inc (NYSE:ALK) by 447,726 shares to 547,726 shares, valued at $41.78 million in 2017Q3, according to the filing. It also increased its holding in Consol Energy Inc (NYSE:CNX) by 2.16M shares in the quarter, for a total of 3.04M shares, and has risen its stake in Fairmount Santrol Hldgs Inc.

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