Gateway Investment Advisers Trimmed Fleetcor Technologies (FLT) Holding by $2.35 Million; Facebook (FB) Market Valuation Declined While Dragoneer Investment Group Lifted Stake by $35.39 Million

June 13, 2018 - By Ash

FleetCor Technologies, Inc. (NYSE:FLT) Logo

Gateway Investment Advisers Llc decreased its stake in Fleetcor Technologies Inc (FLT) by 33.01% based on its latest 2018Q1 regulatory filing with the SEC. Gateway Investment Advisers Llc sold 11,613 shares as the company’s stock declined 0.90% with the market. The institutional investor held 23,567 shares of the miscellaneous company at the end of 2018Q1, valued at $4.77 million, down from 35,180 at the end of the previous reported quarter. Gateway Investment Advisers Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be less bullish one the $18.61B market cap company. The stock increased 1.29% or $2.64 during the last trading session, reaching $207.62. About 426,635 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 43.29% since June 13, 2017 and is uptrending. It has outperformed by 30.72% the S&P500.

Dragoneer Investment Group Llc increased its stake in Facebook Inc (FB) by 80.38% based on its latest 2018Q1 regulatory filing with the SEC. Dragoneer Investment Group Llc bought 222,573 shares as the company’s stock declined 0.01% with the market. The institutional investor held 499,463 shares of the technology company at the end of 2018Q1, valued at $79.81 million, up from 276,890 at the end of the previous reported quarter. Dragoneer Investment Group Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $559.79 billion market cap company. The stock increased 0.51% or $0.99 during the last trading session, reaching $193.39. About 11.59 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 13, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 12/04/2018 – Consumer Watchdog Calls on Google, Verizon, Comcast and AT&T to Follow Facebook and Drop Opposition to Privacy Ballot Initiativ; 16/05/2018 – Facebook has disabled almost 1.3 billion fake accounts over the past six months. Via @KurtWagner8 and @ranimolla:; 15/05/2018 – Facebook Details Spam, Fake User Efforts — MarketWatch; 01/05/2018 – CNBC’S MICHELLE CASTILLO AND JORDAN NOVET: FACEBOOK SMART SPEAKERS MAY COME TO INTERNATIONAL MARKETS FIRST, WILL INCLUDE ‘M’ SMART ASSISTANT; 26/04/2018 – Unlike in U.S., Facebook Faces Tough Questions in Britain; 08/05/2018 – Social Capital CEO Says Consumers Partly At Fault For Facebook (Video); 27/03/2018 – Facebook has an awful lot of data on its users; 18/04/2018 – Jam Studio VR Announces Compatibility With HTC Vive, Oculus Rift, & Windows MR on Steam; 09/05/2018 – Facebook panicked about foreign influence in the Irish abortion referendum – and revealed a worrying truth; 19/03/2018 – Facebook takes $35bn battering as backlash rises over data harvest claims

Investors sentiment decreased to 0.8 in 2018 Q1. Its down 0.40, from 1.2 in 2017Q4. It fall, as 39 investors sold FLT shares while 148 reduced holdings. 53 funds opened positions while 97 raised stakes. 80.19 million shares or 2.14% less from 81.94 million shares in 2017Q4 were reported. Point72 Asset Mgmt Limited Partnership stated it has 149,300 shares. Advisory Inc owns 2,941 shares. Cibc Asset holds 0% or 3,456 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 17,240 shares. Fifth Third Financial Bank reported 1,608 shares. The Maryland-based Campbell & Investment Adviser Lc has invested 0.52% in FleetCor Technologies, Inc. (NYSE:FLT). Gsa Limited Liability Partnership holds 2,840 shares. Qs Investors Ltd has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Federated Inc Pa holds 7 shares. Glenmede Tru Na owns 0.02% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 24,892 shares. Fjarde Ap has 0.09% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 29,687 shares. State Board Of Administration Of Florida Retirement Sys invested in 122,406 shares. 1.69M were reported by Massachusetts Fincl Serv Ma. 55,000 were accumulated by Petrus Com Lta. Bamco New York has 0.48% invested in FleetCor Technologies, Inc. (NYSE:FLT).

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on August, 2. They expect $2.35 EPS, up 28.42% or $0.52 from last year’s $1.83 per share. FLT’s profit will be $210.65 million for 22.09 P/E if the $2.35 EPS becomes a reality. After $2.38 actual EPS reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts -1.26% negative EPS growth.

Gateway Investment Advisers Llc, which manages about $12.58B and $11.28B US Long portfolio, upped its stake in Park Hotels Resorts Inc by 57,693 shares to 165,084 shares, valued at $4.46M in 2018Q1, according to the filing. It also increased its holding in Colgate Palmolive Co (NYSE:CL) by 47,825 shares in the quarter, for a total of 744,499 shares, and has risen its stake in Aflac Inc (NYSE:AFL).

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 56 analyst reports since August 6, 2015 according to SRatingsIntel. On Monday, September 14 the stock rating was initiated by Keefe Bruyette & Woods with “Outperform”. The firm has “Buy” rating by Wells Fargo given on Wednesday, January 10. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Overweight” rating by Morgan Stanley on Wednesday, March 14. The stock has “Positive” rating by Susquehanna on Thursday, August 6. Morgan Stanley maintained it with “Overweight” rating and $194 target in Thursday, November 2 report. The firm has “Buy” rating by Citigroup given on Thursday, July 13. The rating was upgraded by Evercore on Friday, March 18 to “Buy”. The firm has “Neutral” rating given on Friday, April 15 by Compass Point. The firm has “Hold” rating given on Wednesday, August 19 by Oppenheimer. Oppenheimer maintained the stock with “Buy” rating in Wednesday, November 1 report.

More recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Prnewswire.com which released: “FLEETCOR INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC …” on June 09, 2018. Also Globenewswire.com published the news titled: “Update: Lawsuit for Investors in shares of FleetCor Technologies, Inc. (NYSE: FLT) announced by Shareholders …” on May 22, 2018. Businesswire.com‘s news article titled: “Kaskela Law LLC Announces Investigation of FleetCor Technologies, Inc. on Behalf of Stockholders” with publication date: June 11, 2018 was also an interesting one.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 273 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cantor Fitzgerald on Friday, July 21. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, April 28. Rosenblatt maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, November 5. Rosenblatt has “Buy” rating and $125.0 target. The firm has “Buy” rating by Evercore given on Thursday, April 28. The rating was maintained by Robert W. Baird on Thursday, November 30 with “Buy”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, April 26 report. The rating was downgraded by Pivotal Research on Monday, July 31 to “Sell”. Cowen & Co maintained it with “Outperform” rating and $145 target in Thursday, April 28 report. The firm has “Buy” rating given on Wednesday, September 6 by KeyBanc Capital Markets. On Thursday, April 26 the stock rating was maintained by Morgan Stanley with “Overweight”.

Since December 19, 2017, it had 0 insider purchases, and 65 selling transactions for $2.97 billion activity. Zuckerberg Mark sold $83.85 million worth of stock. The insider Stretch Colin sold $136,875. Another trade for 1.26 million shares valued at $231.84M was sold by Koum Jan. Sandberg Sheryl sold $10.07M worth of stock or 55,000 shares. Wehner David M. also sold $1.75 million worth of Facebook, Inc. (NASDAQ:FB) on Tuesday, May 15. Shares for $3.29M were sold by FISCHER DAVID B..

Dragoneer Investment Group Llc, which manages about $450.59M and $705.85M US Long portfolio, decreased its stake in Blackline Inc by 617,322 shares to 284,159 shares, valued at $11.14 million in 2018Q1, according to the filing. It also reduced its holding in Sendgrid Inc by 188,223 shares in the quarter, leaving it with 869,067 shares, and cut its stake in 58 Com Inc (NYSE:WUBA).

FleetCor Technologies, Inc. (NYSE:FLT) Institutional Positions Chart

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