Seabridge Gold (SA) Shareholder Weiss Asset Management LP Lifted Its Position by $1.66 Million as Share Price Declined; As Facebookinc. (FB) Share Price Rose, Fayez Sarofim & Company Lifted Holding

October 12, 2017 - By Stephen Andrade

Fayez Sarofim & Company increased its stake in Facebookinc. (FB) by 0.72% based on its latest 2017Q2 regulatory filing with the SEC. Fayez Sarofim & Company bought 19,964 shares as the company’s stock rose 10.88% with the market. The institutional investor held 2.79M shares of the technology company at the end of 2017Q2, valued at $420.78 million, up from 2.77M at the end of the previous reported quarter. Fayez Sarofim & Company who had been investing in Facebookinc. for a number of months, seems to be bullish on the $502.78 billion market cap company. The stock rose 0.22% or $0.38 reaching $173.12 per share. About 2.57M 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.

Andrew Weiss increased its stake in Seabridge Gold Inc (SA) by 488.24% based on its latest 2017Q2 regulatory filing with the SEC. Weiss Asset Management Lp bought 166,000 shares as the company’s stock declined 8.47% while stock markets rallied. The hedge fund run by Andrew Weiss held 200,000 shares of the basic industries company at the end of 2017Q2, valued at $2.15M, up from 34,000 at the end of the previous reported quarter. Weiss Asset Management Lp who had been investing in Seabridge Gold Inc for a number of months, seems to be bullish on the $766.42M market cap company. The stock rose 0.38% or $0.05 reaching $13.15 per share. About 54,397 shares traded. Seabridge Gold, Inc. (USA) (NYSE:SA) has declined 18.80% since October 12, 2016 and is downtrending. It has underperformed by 35.50% the S&P500.




Fayez Sarofim & Company, which manages about $31.66B and $18.73 billion US Long portfolio, decreased its stake in Xilinxinc (NASDAQ:XLNX) by 68,113 shares to 24,183 shares, valued at $1.56 million in 2017Q2, according to the filing. It also reduced its holding in Philipmorrisint’linc. (NYSE:PM) by 175,728 shares in the quarter, leaving it with 15.72M shares, and cut its stake in Intlbusinessmachinescorp (NYSE:IBM).

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. Guild Mgmt owns 34,706 shares or 5.63% of their US portfolio. Pacific Heights Asset Mgmt Ltd Llc reported 815,000 shares. Fiduciary Trust Com owns 19,303 shares or 0.09% of their US portfolio. Intrust Bankshares Na holds 1.17% or 22,712 shares. Pointstate Capital Lp stated it has 4.38% of its portfolio in Facebook Inc (NASDAQ:FB). Partner Fund Mngmt Ltd Partnership has 1.25% invested in Facebook Inc (NASDAQ:FB) for 306,199 shares. Winslow Evans & Crocker owns 0% invested in Facebook Inc (NASDAQ:FB) for 20,502 shares. Mark Asset Mgmt Corporation invested 5.8% in Facebook Inc (NASDAQ:FB). New Mexico Educational Retirement Board holds 1.8% of its portfolio in Facebook Inc (NASDAQ:FB) for 219,700 shares. Mitchell Mcleod Pugh & Williams holds 0.27% of its portfolio in Facebook Inc (NASDAQ:FB) for 2,326 shares. The New Jersey-based Peapack Gladstone Fincl has invested 0% in Facebook Inc (NASDAQ:FB). Advantus Capital Mgmt Inc accumulated 0.95% or 238,552 shares. Jefferies Grp Incorporated Ltd Co owns 23,535 shares for 0.02% of their portfolio. Natl Planning holds 39,217 shares. Wealthcare Cap Mgmt Ltd Company has invested 0.01% in Facebook Inc (NASDAQ:FB).

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. The firm earned “Buy” rating on Thursday, July 20 by William Blair. The firm has “Hold” rating given on Thursday, February 2 by Pivotal Research. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Pivotal Research on Thursday, April 28. The firm earned “Buy” rating on Monday, July 24 by Bank of America. On Monday, July 10 the stock rating was maintained by Credit Suisse with “Buy”. Bank of America maintained Facebook Inc (NASDAQ:FB) rating on Thursday, November 5. Bank of America has “Buy” rating and $125.0 target. Deutsche Bank maintained it with “Buy” rating and $115 target in Thursday, July 30 report. The stock of Facebook Inc (NASDAQ:FB) has “Buy” rating given on Thursday, July 30 by Rosenblatt. Wedbush maintained the shares of FB in report on Thursday, November 3 with “Outperform” rating. Susquehanna initiated the shares of FB in report on Monday, August 10 with “Positive” rating.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Finance.Yahoo.com which released: “Facebook Inc (FB) Stock Price Will Continue Outperforming Rivals” on October 05, 2017, also Fool.com with their article: “Facebook, Inc. Earnings: Mark Your Calendar” published on October 09, 2017, Bizjournals.com published: “Facebook to hire 1000 people to thwart Russia and others from swaying …” on October 02, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Investorplace.com and their article: “It’s Hammer Time for Facebook Inc (FB) Stock Bulls!” published on October 09, 2017 as well as Fool.com‘s news article titled: “The better buy is…” with publication date: October 03, 2017.

Since April 28, 2017, it had 0 buys, and 25 insider sales for $796.22 million activity. 122,521 shares were sold by Zuckerberg Mark, worth $18.75 million on Friday, June 9. 16,000 shares valued at $2.40 million were sold by Cox Christopher K on Monday, May 8. Koum Jan sold $480.86 million worth of stock or 3.20M shares. Stretch Colin also sold $115,308 worth of Facebook Inc (NASDAQ:FB) on Tuesday, June 6. Desmond-Hellmann Susan had sold 209 shares worth $30,236. Schroepfer Michael Todd also sold $5.71 million worth of Facebook Inc (NASDAQ:FB) shares.

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