As Facebook (FB) Shares Rose, Whale Rock Capital Management Increased Stake; Ashfield Capital Partners Increases Holding in Alibaba Group Hldg LTD (BABA)

February 23, 2018 - By Richard Conner

Alex Sacerdote increased its stake in Facebook Inc (FB) by 44.65% based on its latest 2017Q3 regulatory filing with the SEC. Whale Rock Capital Management Llc bought 231,383 shares as the company’s stock rose 10.88% with the market. The hedge fund run by Alex Sacerdote held 749,598 shares of the technology company at the end of 2017Q3, valued at $128.08M, up from 518,215 at the end of the previous reported quarter. Whale Rock Capital Management Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $527.98B market cap company. The stock increased 1.54% or $2.76 during the last trading session, reaching $181.75. About 7.53 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 23, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.




Ashfield Capital Partners Llc increased its stake in Alibaba Group Hldg Ltd (BABA) by 59.02% based on its latest 2017Q3 regulatory filing with the SEC. Ashfield Capital Partners Llc bought 6,743 shares as the company’s stock rose 22.58% with the market. The institutional investor held 18,168 shares of the business services company at the end of 2017Q3, valued at $3.14 million, up from 11,425 at the end of the previous reported quarter. Ashfield Capital Partners Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $493.51 billion market cap company. The stock increased 1.90% or $3.59 during the last trading session, reaching $192.34. About 7.52M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 23, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Ashfield Capital Partners Llc, which manages about $2.94 billion and $746.61M US Long portfolio, decreased its stake in Vanguard Specialized Portfol (VIG) by 3,275 shares to 70,180 shares, valued at $6.65 million in 2017Q3, according to the filing. It also reduced its holding in Analog Devices Inc (NASDAQ:ADI) by 4,447 shares in the quarter, leaving it with 110,144 shares, and cut its stake in General Electric Co (NYSE:GE).

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 168 analyst reports since August 12, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Friday, August 18. KeyBanc Capital Markets has “Overweight” rating and $182 target. The firm has “Buy” rating given on Friday, August 18 by SunTrust. The firm has “Outperform” rating by Oppenheimer given on Wednesday, October 28. On Thursday, June 8 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Overweight” rating by JP Morgan on Wednesday, August 31. As per Thursday, September 17, the company rating was maintained by Oppenheimer. The company was downgraded on Thursday, April 20 by Standpoint Research. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Outperform” rating given on Thursday, January 7 by Robert W. Baird. The firm earned “Outperform” rating on Friday, August 12 by RBC Capital Markets. Needham maintained Alibaba Group Holding Limited (NYSE:BABA) on Thursday, June 8 with “Buy” rating.

Since August 24, 2017, it had 0 insider buys, and 35 sales for $735.05 million activity. Schroepfer Michael Todd had sold 38,058 shares worth $6.53 million on Tuesday, October 10. 1.25M Facebook, Inc. (NASDAQ:FB) shares with value of $221.33 million were sold by Koum Jan. $42.50 million worth of stock was sold by Zuckerberg Mark on Thursday, September 7. 750 shares were sold by Stretch Colin, worth $127,573 on Tuesday, October 3. Shares for $2.77M were sold by Cox Christopher K. $9.75M worth of Facebook, Inc. (NASDAQ:FB) shares were sold by Sandberg Sheryl.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. Canaccord Genuity maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, November 3. Canaccord Genuity has “Buy” rating and $160 target. Oppenheimer maintained it with “Outperform” rating and $140 target in Thursday, April 28 report. The firm has “Buy” rating by SunTrust given on Thursday, April 28. Oppenheimer maintained the shares of FB in report on Thursday, November 5 with “Outperform” rating. As per Thursday, February 1, the company rating was maintained by Barclays Capital. Aegis Capital maintained the stock with “Buy” rating in Wednesday, November 1 report. Bank of America maintained it with “Buy” rating and $115 target in Monday, August 10 report. The company was maintained on Friday, July 21 by Goldman Sachs. JP Morgan maintained Facebook, Inc. (NASDAQ:FB) on Tuesday, September 27 with “Overweight” rating. Credit Suisse maintained Facebook, Inc. (NASDAQ:FB) on Thursday, November 5 with “Outperform” rating.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It worsened, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Fulton Natl Bank Na has 0.71% invested in Facebook, Inc. (NASDAQ:FB). Moreover, Ray Gerald L Associate Ltd has 1.82% invested in Facebook, Inc. (NASDAQ:FB). Atria Lc holds 0.96% in Facebook, Inc. (NASDAQ:FB) or 103,139 shares. First Savings Bank Of Omaha reported 1.06% stake. Icon Advisers holds 1.14% or 94,650 shares. Cannell Peter B & Inc invested 0.09% in Facebook, Inc. (NASDAQ:FB). Edgemoor Advisors Inc invested in 0.03% or 1,200 shares. Barrington Strategic Wealth Management Group Inc Limited Company holds 0.17% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 1,917 shares. Balasa Dinverno And Foltz Ltd Liability Company has 10,140 shares. 879,433 were reported by Robeco Institutional Asset Mngmt Bv. Cap World Investors stated it has 57.49M shares. D Scott Neal has 156 shares. State Of Tennessee Treasury Department reported 1.76M shares. Capital Wealth Planning Limited Liability Co accumulated 8,984 shares or 1.21% of the stock. 8,603 were accumulated by Palo.

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