Korea Investment Holding in Facebook (FB) Has Raised as Share Price Declined; Microsoft (MSFT) Shareholder Lathrop Investment Management Has Trimmed Position by $564,746 as Valuation Rose

June 22, 2018 - By Maria Brooks

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Lathrop Investment Management Corp decreased its stake in Microsoft (MSFT) by 2.87% based on its latest 2018Q1 regulatory filing with the SEC. Lathrop Investment Management Corp sold 6,206 shares as the company’s stock rose 3.08% while stock markets declined. The institutional investor held 210,343 shares of the prepackaged software company at the end of 2018Q1, valued at $19.20M, down from 216,549 at the end of the previous reported quarter. Lathrop Investment Management Corp who had been investing in Microsoft for a number of months, seems to be less bullish one the $777.08B market cap company. The stock decreased 0.72% or $0.73 during the last trading session, reaching $101.14. About 18.90M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 41.28% since June 22, 2017 and is uptrending. It has outperformed by 28.71% the S&P500. Some Historical MSFT News: 13/03/2018 – Microsoft opens two data centres in Germany – reports; 26/04/2018 – MICROSOFT SEES 4Q INTELLIGENT CLOUD REV. $8.95B-$9.15B; 07/03/2018 – ChannelNet Launches OneClick Financial for Banks and Credit Unions; 14/03/2018 – Google, Apple face EU law on business practices; 30/05/2018 – AbbVie Announces Preliminary Results of Tender Offer; 04/04/2018 – The Morning Download: Microsoft Collaboration Tools Gain Share Amid Shift to Cloud; 04/04/2018 – MICROSOFT CORP: MICROSOFT WILL INVEST $5B IN IOT; 22/03/2018 – Databricks Delivers Microsoft Azure Databricks Addressing Customer Demand; 21/05/2018 – Ayehu Wins 2018 TiE Award; 06/03/2018 – Microsoft signs another renewable energy deal in Asia

Korea Investment Corp increased its stake in Facebook Inc (FB) by 0.89% based on its latest 2018Q1 regulatory filing with the SEC. Korea Investment Corp bought 18,259 shares as the company’s stock declined 0.01% with the market. The institutional investor held 2.07M shares of the technology company at the end of 2018Q1, valued at $331.02 million, up from 2.05 million at the end of the previous reported quarter. Korea Investment Corp who had been investing in Facebook Inc for a number of months, seems to be bullish on the $583.27 billion market cap company. The stock decreased 0.25% or $0.5 during the last trading session, reaching $201.5. About 17.55M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 22, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 21/03/2018 – ACADEMIC LINKED TO CAMBRIDGE ANALYTICA SAYS IT IS POSSIBLE THE DATA l HARVESTED WAS USED FOR THE U.S. PRESIDENTIAL ELECTION-BBC; 08/03/2018 – Facebook Restores Hungary Minister’s `Whites’ vs Migrants Video; 24/04/2018 – These are the Facebook rules that users need to adhere to if they don’t want to be banned. via @cnbctech; 22/05/2018 – WORKING TO GIVE PEOPLE IMPORTANT NEW CONTROLS IN ADDITION TO GDPR – ZUCKERBERG; 23/05/2018 – Tech Data Recognized as 2018 Americas Distributor of the Year by Nutanix; 26/03/2018 – British PM May says EU looking at interim taxes on digital firms; 13/03/2018 – Sri Lanka to lift social media ban-minister; 15/05/2018 – DE Shaw Adds Aptiv, Cuts Facebook, Buys More Lowe’s: 13F; 04/04/2018 – Full story: Facebook raises number of users affected by Cambridge Analytica scandal to 87 million; 03/05/2018 – Brazil’s TIM Participações offers free access to apps in data push

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Livetradingnews.com which released: “Facebook, Inc. (NASDAQ:FB) What if Facebook Buys Disney?” on June 20, 2018, also Nasdaq.com with their article: “Facebook, Inc. (FB) to Design Chips for Live Video Content Filtering” published on May 29, 2018, Nasdaq.com published: “Facebook Stock Will Continue to Shrug Off Data Privacy Concerns” on June 05, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Thestreet.com and their article: “Facebook Messenger Could Bring in Billions of Dollars — Here’s How” published on June 20, 2018 as well as Nasdaq.com‘s news article titled: “Time to Take Profits in Zillow Stock” with publication date: June 21, 2018.

Korea Investment Corp, which manages about $21.49B US Long portfolio, decreased its stake in V F Corp (NYSE:VFC) by 21,928 shares to 86,045 shares, valued at $6.38M in 2018Q1, according to the filing. It also reduced its holding in Canadian Natl Ry Co (NYSE:CNI) by 137,820 shares in the quarter, leaving it with 360,828 shares, and cut its stake in Lear Corp (NYSE:LEA).

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 274 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Wedbush on Monday, November 6. Jefferies maintained it with “Buy” rating and $160 target in Thursday, April 28 report. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, October 11 report. Oppenheimer maintained the shares of FB in report on Thursday, November 2 with “Outperform” rating. On Thursday, April 12 the stock rating was maintained by Cowen & Co with “Buy”. GBH Insights maintained it with “Buy” rating and $225.0 target in Thursday, January 25 report. The company was maintained on Thursday, November 2 by Barclays Capital. Raymond James maintained the stock with “Strong Buy” rating in Thursday, July 27 report. The firm earned “Outperform” rating on Thursday, November 3 by RBC Capital Markets. The company was maintained on Wednesday, January 31 by Canaccord Genuity.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.34, from 1.21 in 2017Q4. It is negative, 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. Ledyard Bancshares, a New Hampshire-based fund reported 38,489 shares. Deutsche National Bank & Trust Ag reported 8.63 million shares. Cleararc holds 1.48% or 61,408 shares in its portfolio. First Pacific Advsr Limited Liability Corporation holds 2.46% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 2.02M shares. Adirondack Co owns 6,611 shares. Meiji Yasuda Asset Commerce Limited accumulated 101,059 shares. Highbridge Ltd Liability Company reported 0.3% stake. 10 stated it has 0.07% in Facebook, Inc. (NASDAQ:FB). 55,357 are owned by Ibm Retirement Fund. 152 are held by Tower Capital Limited Com (Trc). Forbes J M Limited Liability Partnership invested in 1.75% or 46,898 shares. North Point Port Managers Corp Oh has 1.89% invested in Facebook, Inc. (NASDAQ:FB). Bellecapital Limited has invested 0.26% in Facebook, Inc. (NASDAQ:FB). Levin Capital Strategies LP holds 0.01% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 4,220 shares. Lehman Financial Inc reported 0.24% of its portfolio in Facebook, Inc. (NASDAQ:FB).

Since January 9, 2018, it had 0 insider purchases, and 70 insider sales for $3.22 billion activity. Another trade for 5,587 shares valued at $1.05M was made by FISCHER DAVID B. on Friday, January 26. 55,000 Facebook, Inc. (NASDAQ:FB) shares with value of $10.30M were sold by Sandberg Sheryl. 1.26M shares valued at $231.84M were sold by Koum Jan on Monday, May 14. Shares for $6.15M were sold by Schroepfer Michael Todd on Tuesday, April 10. 9,522 Facebook, Inc. (NASDAQ:FB) shares with value of $1.75 million were sold by Wehner David M.. Shares for $2.88 million were sold by Stretch Colin on Wednesday, May 2.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “Salesforce.com Is Winning Big With Its Recent Investments” on June 21, 2018, also Thestreet.com with their article: “Why Microsoft Is Ratcheting Up Its Hardware and Chip Ambitions” published on June 14, 2018, Nasdaq.com published: “Why Investors Should Consider This Low-Risk, High-Yield Stock to Buy” on June 21, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Seekingalpha.com and their article: “Can Cloud-Based Growth Sustain Microsoft Going Forward?” published on June 04, 2018 as well as Nasdaq.com‘s news article titled: “With GE Gone, It’s Time to Stop Covering the Dow Jones Index” with publication date: June 20, 2018.

Investors sentiment decreased to 0.74 in Q1 2018. Its down 0.03, from 0.77 in 2017Q4. It worsened, as 49 investors sold MSFT shares while 1035 reduced holdings. 142 funds opened positions while 665 raised stakes. 5.38 billion shares or 1.45% less from 5.46 billion shares in 2017Q4 were reported. Lourd Cap Llc, California-based fund reported 37,597 shares. Cap Intll Ltd Ca reported 188,268 shares or 3.08% of all its holdings. The California-based Cornerstone Capital has invested 3.97% in Microsoft Corporation (NASDAQ:MSFT). Advisory Service Networks reported 137,438 shares stake. Evergreen Capital Management Ltd Liability reported 302,820 shares. State Farm Mutual Automobile Ins Co accumulated 6.61M shares or 0.81% of the stock. Brouwer & Janachowski Ltd Liability Com owns 2,737 shares. Atwood Palmer Incorporated reported 6,327 shares. 1832 Asset Mgmt LP accumulated 8.31M shares. New York-based Atika Cap Mgmt Limited Liability Co has invested 3.6% in Microsoft Corporation (NASDAQ:MSFT). 45,563 are owned by Dumont & Blake Inv Advsr Ltd Com. Vista Capital Prtn Inc has invested 0.19% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). The New York-based Capstone Invest Advsrs Ltd has invested 0.17% in Microsoft Corporation (NASDAQ:MSFT). Cliftonlarsonallen Wealth Limited holds 0.14% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 15,196 shares. Westend Ltd Liability Corporation reported 0% stake.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 earnings per share, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30 billion for 23.41 P/E if the $1.08 EPS becomes a reality. After $0.95 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

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

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