As Discover Finl Svcs (DFS) Valuation Declined, Quantum Capital Management Upped Position; As Facebook (FB) Stock Value Rose, Shareholder Accuvest Global Advisors Has Trimmed Stake by $918,300

October 12, 2017 - By Louis Casey

Accuvest Global Advisors decreased its stake in Facebook Inc (FB) by 59.18% based on its latest 2017Q2 regulatory filing with the SEC. Accuvest Global Advisors sold 6,122 shares as the company’s stock rose 10.88% with the market. The institutional investor held 4,222 shares of the technology company at the end of 2017Q2, valued at $637,000, down from 10,344 at the end of the previous reported quarter. Accuvest Global Advisors who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $501.90B market cap company. The stock rose 0.05% or $0.08 reaching $172.82. About 8.39 million shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since October 12, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Quantum Capital Management increased its stake in Discover Finl Svcs (DFS) by 28.2% based on its latest 2017Q2 regulatory filing with the SEC. Quantum Capital Management bought 32,079 shares as the company’s stock declined 15.69% while stock markets rallied. The institutional investor held 145,851 shares of the consumer services company at the end of 2017Q2, valued at $9.07M, up from 113,772 at the end of the previous reported quarter. Quantum Capital Management who had been investing in Discover Finl Svcs for a number of months, seems to be bullish on the $23.67 billion market cap company. The stock declined 1.56% or $1.01 reaching $63.83 on the news. About 2.87M shares traded or 19.58% up from the average. Discover Financial Services (NYSE:DFS) has risen 10.42% since October 12, 2016 and is uptrending. It has underperformed by 6.28% the S&P500.




Among 28 analysts covering Discover Financial Services (NYSE:DFS), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Discover Financial Services had 61 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, December 16 by Argus Research. The firm has “Neutral” rating given on Thursday, January 14 by JP Morgan. BMO Capital Markets maintained Discover Financial Services (NYSE:DFS) rating on Thursday, June 1. BMO Capital Markets has “Hold” rating and $70 target. The stock of Discover Financial Services (NYSE:DFS) has “Outperform” rating given on Wednesday, December 7 by Wedbush. Evercore initiated Discover Financial Services (NYSE:DFS) on Tuesday, December 22 with “Hold” rating. Morgan Stanley maintained the shares of DFS in report on Friday, September 8 with “Overweight” rating. Bank of America upgraded the stock to “Buy” rating in Thursday, December 15 report. The stock has “Outperform” rating by JMP Securities on Tuesday, December 22. Bank of America maintained it with “Buy” rating and $70 target in Saturday, September 5 report. The stock of Discover Financial Services (NYSE:DFS) has “Buy” rating given on Thursday, September 10 by Sterne Agee CRT.

More important recent Discover Financial Services (NYSE:DFS) news were published by: Seekingalpha.com which released: “Discover Financial Services (DFS) Presents at Barclays Financial Services …” on September 12, 2017, also Businesswire.com published article titled: “Discover Financial Services Announces Third Quarter 2017 Earnings Release and …”, Nasdaq.com published: “November 10th Options Now Available For Discover Financial Services (DFS)” on September 28, 2017. More interesting news about Discover Financial Services (NYSE:DFS) was released by: Seekingalpha.com and their article: “2 Banks To Buy In October” with publication date: October 10, 2017.

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.12, from 0.79 in 2017Q1. It is positive, as 55 investors sold DFS shares while 277 reduced holdings. 74 funds opened positions while 227 raised stakes. 310.30 million shares or 1.25% less from 314.23 million shares in 2017Q1 were reported. Moreover, Odey Asset Mngmt Grp Ltd has 0.3% invested in Discover Financial Services (NYSE:DFS) for 44,500 shares. Parallax Volatility Advisers LP reported 0% stake. Independent Portfolio Consultants reported 0% of its portfolio in Discover Financial Services (NYSE:DFS). Private Trust Company Na owns 3,780 shares or 0.05% of their US portfolio. Kentucky Retirement Sys accumulated 24,372 shares or 0.11% of the stock. Skba Capital Mngmt Ltd Liability Corp invested in 6,650 shares. Amica Mutual invested 0.51% in Discover Financial Services (NYSE:DFS). California-based Assetmark has invested 0.01% in Discover Financial Services (NYSE:DFS). Associated Banc invested 0.73% in Discover Financial Services (NYSE:DFS). Bnp Paribas Asset Holdg Sa invested in 15,470 shares. 21,163 were reported by Bank Of The West. Clear Harbor Asset Llc holds 0.63% or 54,130 shares in its portfolio. Quadrant Capital Management Limited Liability Corporation holds 33,430 shares or 1.63% of its portfolio. Gotham Asset Management Ltd Limited Liability Company, New York-based fund reported 7,434 shares. Great West Life Assurance Can has invested 0.09% in Discover Financial Services (NYSE:DFS).

Quantum Capital Management, which manages about $700.30M and $405.89M US Long portfolio, decreased its stake in Iac Interactivecorp (NASDAQ:IACI) by 73,108 shares to 60,104 shares, valued at $6.21 million in 2017Q2, according to the filing.

Analysts await Facebook Inc (NASDAQ:FB) to report earnings on November, 1. They expect $1.28 EPS, up 45.45% or $0.40 from last year’s $0.88 per share. FB’s profit will be $3.72B for 33.75 P/E if the $1.28 EPS becomes a reality. After $1.32 actual EPS reported by Facebook Inc for the previous quarter, Wall Street now forecasts -3.03% negative EPS growth.

Accuvest Global Advisors, which manages about $533.29M and $301.51M US Long portfolio, upped its stake in China Etf (MCHI) by 140,880 shares to 327,420 shares, valued at $17.91M in 2017Q2, according to the filing. It also increased its holding in Goldman Sac by 7,550 shares in the quarter, for a total of 94,560 shares, and has risen its stake in Spain Etf (EWP).

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Investorplace.com which released: “Facebook Inc (FB) Stock and the Trials of Mark Zuckerberg” on October 12, 2017, also Investorplace.com with their article: “It’s Hammer Time for Facebook Inc (FB) Stock Bulls!” published on October 09, 2017, Investorplace.com published: “Facebook Inc (FB) Stock: It’s Clear That the Zuckerberg Honeymoon is Over” on October 11, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Fool.com and their article: “Facebook vs. Twitter” published on October 04, 2017 as well as Fool.com‘s news article titled: “The better buy is…” with publication date: October 03, 2017.

Investors sentiment increased to 1.4 in 2017 Q2. Its up 0.05, from 1.35 in 2017Q1. It increased, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported. Trillium Asset Mgmt Limited Co reported 31,100 shares. Caisse De Depot Et Placement Du Quebec stated it has 0.39% in Facebook Inc (NASDAQ:FB). The Colorado-based Cetera Advsr Limited Liability Com has invested 0.35% in Facebook Inc (NASDAQ:FB). Affinity Wealth Mgmt accumulated 2,184 shares or 0.21% of the stock. Smith Asset Management Group Ltd Partnership holds 870,579 shares or 4.04% of its portfolio. Cornerstone Advsrs reported 1.92% in Facebook Inc (NASDAQ:FB). Osborne Prtn Management Ltd Liability Com reported 3,058 shares. Signaturefd Limited Liability Corp invested 0.2% in Facebook Inc (NASDAQ:FB). Massachusetts-based Moors Cabot Inc has invested 0.43% in Facebook Inc (NASDAQ:FB). Davis R M Inc accumulated 142,411 shares or 0.91% of the stock. Spc Fincl Inc owns 5,371 shares or 0.21% of their US portfolio. Patten Grp Inc has 0.51% invested in Facebook Inc (NASDAQ:FB) for 7,462 shares. The Pennsylvania-based Pitcairn has invested 1.06% in Facebook Inc (NASDAQ:FB). Moreover, Intact Mngmt Inc has 0.06% invested in Facebook Inc (NASDAQ:FB) for 8,400 shares. Dsm Capital Prtn Limited Liability Co owns 3.84M shares.

Among 52 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 182 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with “Buy” rating in Friday, July 21 report. Jefferies maintained Facebook Inc (NASDAQ:FB) rating on Thursday, July 27. Jefferies has “Buy” rating and $21500 target. The rating was maintained by Needham with “Buy” on Thursday, July 30. The stock has “Overweight” rating by Morgan Stanley on Monday, October 2. The company was maintained on Thursday, April 28 by UBS. The company was maintained on Wednesday, September 6 by RBC Capital Markets. The stock has “Buy” rating by Suntrust Robinson on Monday, January 25. The firm has “Hold” rating given on Thursday, July 13 by BMO Capital Markets. Monness Crespi & Hardt maintained Facebook Inc (NASDAQ:FB) rating on Thursday, July 30. Monness Crespi & Hardt has “Buy” rating and $115 target. The firm earned “Buy” rating on Monday, April 4 by Axiom Capital.

Since April 28, 2017, it had 0 insider purchases, and 25 sales for $796.22 million activity. On Friday, May 26 the insider Zuckerberg Mark sold $42.50 million. 16,000 shares were sold by Cox Christopher K, worth $2.45 million. $480.86 million worth of Facebook Inc (NASDAQ:FB) shares were sold by Koum Jan. $24.45 million worth of stock was sold by Sandberg Sheryl on Wednesday, May 24. Shares for $3.00M were sold by Wehner David M.. Schroepfer Michael Todd sold $5.73M worth of Facebook Inc (NASDAQ:FB) on Tuesday, May 9.

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