Inverness Counsel Has Trimmed Its Facebook (FB) Stake; Nuveen Tax Advantaged Total Return Strategy Fund (JTA)’s Sentiment Is 0.93

June 13, 2018 - By Neil V. Hobbs

Facebook, Inc. (NASDAQ:FB) Logo

Nuveen Tax Advantaged Total Return Strategy Fund (JTA) investors sentiment decreased to 0.93 in 2018 Q1. It’s down -0.07, from 1 in 2017Q4. The ratio has worsened, as 13 active investment managers started new and increased stock positions, while 14 sold and decreased their positions in Nuveen Tax Advantaged Total Return Strategy Fund. The active investment managers in our database now have: 1.54 million shares, down from 1.65 million shares in 2017Q4. Also, the number of active investment managers holding Nuveen Tax Advantaged Total Return Strategy Fund in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 9 Increased: 11 New Position: 2.

Inverness Counsel Llc decreased Facebook Inc (FB) stake by 10.33% reported in 2018Q1 SEC filing. Inverness Counsel Llc sold 23,532 shares as Facebook Inc (FB)’s stock declined 0.01%. The Inverness Counsel Llc holds 204,289 shares with $32.64 million value, down from 227,821 last quarter. Facebook Inc now has $559.27B valuation. The stock increased 0.42% or $0.81 during the last trading session, reaching $193.21. About 3.85 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: ; 23/03/2018 – Facebook CEO Mark Zuckerberg finally admitted this week that Cambridge Analytica had gained unauthorized access to information about tens of millions of Facebook users; 20/03/2018 – FTC TO PROBE FACEBOOK FOR USE OF PERSONAL DATA – BLOOMBERG; 27/03/2018 – Facebook data scandal widens as Canadian company accused of helping target U.S. voters; 23/03/2018 – CAMBRIDGE ANALYTICA ACTING CEO SAYS A YEAR AGO CARRIED OUT INTERNAL AUDIT TO SEE THAT ALL DATA HAD BEEN DELETED & GAVE FACEBOOK A CERTIFICATE TO THIS EFFECT; 18/03/2018 – The @CommonsCMS Chair, @DamianCollins has issued a statement regarding this weekend’s news stories relating to Facebook and Cambridge Analytica. For more information:; 23/03/2018 – COLUMN-Commentary: Here’s one way to help Facebook protect data; 30/04/2018 – WhatsApp co-founder Jan Koum is leaving Facebook and is expected to step down from the board; 15/05/2018 – Putnam Adds ON Semi, Exits Albemarle, Cuts Facebook: 13F; 24/05/2018 – Facebook accused of `anti-competitive’ behaviour; 26/03/2018 – Facebook Comes Under Scrutiny of Federal Trade Commission

Nuveen Tax-Advantaged Total Return Strategy Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc. The company has market cap of $187.85 million. The fund is co-managed by Nuveen Fund Advisors, LLC, NWQ Investment Management Company, LLC, and Symphony Asset Management LLC. It has a 5.96 P/E ratio. It invests in the public equity and fixed income markets of the United States.

The stock increased 0.22% or $0.03 during the last trading session, reaching $13.57. About 21,980 shares traded. Nuveen Tax-Advantaged Total Return Strategy Fund (JTA) has risen 5.00% since June 13, 2017 and is uptrending. It has underperformed by 7.57% the S&P500.

Shaker Financial Services Llc holds 1.08% of its portfolio in Nuveen Tax-Advantaged Total Return Strategy Fund for 136,244 shares. Rmb Capital Management Llc owns 148,739 shares or 0.06% of their US portfolio. Moreover, Bkd Wealth Advisors Llc has 0.05% invested in the company for 33,517 shares. The California-based Hollencrest Capital Management has invested 0.03% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 68,732 shares.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.34, from 1.21 in 2017Q4. It dropped, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. Macroview Inv Management Limited Liability Company owns 193 shares for 0.11% of their portfolio. Illinois-based Ctc Ltd Llc has invested 0.03% in Facebook, Inc. (NASDAQ:FB). California Public Employees Retirement System, California-based fund reported 5.22 million shares. 20,474 were reported by Btc Mngmt Incorporated. Visionary Asset Mgmt stated it has 1,648 shares. Wesbanco Bancorp invested in 83,670 shares. Shaker Invs Limited Co Oh holds 3.2% or 32,367 shares in its portfolio. Whalerock Point Prtnrs Ltd holds 0.79% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 15,442 shares. Carnegie Capital Asset Limited Co accumulated 0.82% or 52,458 shares. Alecta Pensionsforsakring Omsesidigt holds 2.58 million shares. Pnc Gp, Pennsylvania-based fund reported 2.06 million shares. Pittenger Anderson holds 0.66% or 47,487 shares. Ellington Group Inc Limited Liability Company has 0.08% invested in Facebook, Inc. (NASDAQ:FB). Crossvault Cap Management Ltd Liability Corporation has 1,655 shares. Smith Asset Mngmt Grp Lp reported 3.55% stake.

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 28.08 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.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Investorplace.com which released: “Run With the Bulls in Facebook, Inc. Stock” on June 13, 2018, also Seekingalpha.com with their article: “Best Tech Stock: Facebook Vs. Microsoft” published on June 12, 2018, Livetradingnews.com published: “How Expensive is Facebook, Inc. (NASDAQ:FB) Stock” on June 13, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Nasdaq.com and their article: “Facebook Inc (FB) Beefs Up Instagram Videos to Challenge Rivals” published on June 07, 2018 as well as Seekingalpha.com‘s news article titled: “Vietnam passes cyber law that could hurt Facebook, Google” with publication date: June 12, 2018.

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. Credit Suisse maintained it with “Outperform” rating and $145 target in Thursday, April 28 report. The rating was maintained by Credit Suisse with “Buy” on Thursday, February 1. RBC Capital Markets maintained the shares of FB in report on Wednesday, January 31 with “Buy” rating. On Thursday, November 2 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, October 31. The stock has “Buy” rating by Evercore on Thursday, April 28. The stock of Facebook, Inc. (NASDAQ:FB) earned “Hold” rating by BMO Capital Markets on Wednesday, November 22. The rating was maintained by Bank of America on Thursday, November 5 with “Buy”. The firm has “Hold” rating given on Thursday, April 26 by Stifel Nicolaus. The stock of Facebook, Inc. (NASDAQ:FB) earned “Outperform” rating by Oppenheimer on Thursday, November 5.

Inverness Counsel Llc increased Xcel Energy Inc (NYSE:XEL) stake by 22,035 shares to 237,030 valued at $10.78M in 2018Q1. It also upped Spon Adr stake by 55,075 shares and now owns 360,600 shares. Wells Fargo Co (NYSE:WFC) was raised too.

Since December 19, 2017, it had 0 insider buys, and 65 selling transactions for $2.97 billion activity. 457,000 shares were sold by Zuckerberg Mark, worth $87.79M. The insider Wehner David M. sold $880,309. 55,000 Facebook, Inc. (NASDAQ:FB) shares with value of $9.75M were sold by Sandberg Sheryl. Another trade for 750 shares valued at $136,875 was sold by Stretch Colin. $6.64M worth of stock was sold by Schroepfer Michael Todd on Tuesday, February 13. Shares for $231.84M were sold by Koum Jan. The insider FISCHER DAVID B. sold 5,138 shares worth $822,440.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: