As Facebook (FB) Stock Rose, Glynn Capital Management Has Increased Its Position by $7.36 Million; Zayo Group Hldgs (ZAYO) Shareholder Archer Capital Management LP Has Upped Position by $4.95 Million as Market Value Rose

December 7, 2017 - By Clifton Ray

Glynn Capital Management Llc increased its stake in Facebook Inc. (FB) by 35.3% based on its latest 2017Q2 regulatory filing with the SEC. Glynn Capital Management Llc bought 49,070 shares as the company’s stock rose 10.88% with the market. The hedge fund held 188,076 shares of the technology company at the end of 2017Q2, valued at $28.40 million, up from 139,006 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Facebook Inc. for a number of months, seems to be bullish on the $511.60B market cap company. The stock increased 1.87% or $3.23 during the last trading session, reaching $176.06. About 20.26M shares traded or 27.07% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since December 7, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Eric Edidin increased its stake in Zayo Group Hldgs Inc (ZAYO) by 45.35% based on its latest 2017Q2 regulatory filing with the SEC. Archer Capital Management Lp bought 165,000 shares as the company’s stock rose 1.36% with the market. The hedge fund run by Eric Edidin held 528,811 shares of the public utilities company at the end of 2017Q2, valued at $16.34 million, up from 363,811 at the end of the previous reported quarter. Archer Capital Management Lp who had been investing in Zayo Group Hldgs Inc for a number of months, seems to be bullish on the $8.44B market cap company. The stock decreased 0.90% or $0.31 during the last trading session, reaching $34.11. About 3.93M shares traded or 79.08% up from the average. Zayo Group Holdings, Inc. (NYSE:ZAYO) has risen 14.22% since December 7, 2016 and is uptrending. It has underperformed by 2.48% the S&P500.




Among 21 analysts covering Zayo Group Holdings (NYSE:ZAYO), 13 have Buy rating, 1 Sell and 7 Hold. Therefore 62% are positive. Zayo Group Holdings had 37 analyst reports since August 5, 2015 according to SRatingsIntel. Morgan Stanley downgraded the shares of ZAYO in report on Wednesday, December 14 to “Equal-Weight” rating. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) has “Neutral” rating given on Friday, December 2 by Moffett Nathanson. As per Tuesday, December 13, the company rating was initiated by Suntrust Robinson. RBC Capital Markets maintained it with “Buy” rating and $37.0 target in Thursday, November 9 report. The firm earned “Underperform” rating on Friday, February 10 by FBR Capital. The firm earned “Buy” rating on Wednesday, August 5 by MoffettNathanson. RBC Capital Markets maintained Zayo Group Holdings, Inc. (NYSE:ZAYO) rating on Monday, October 2. RBC Capital Markets has “Buy” rating and $37.0 target. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) has “Market Perform” rating given on Thursday, March 24 by FBR Capital. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) has “Buy” rating given on Thursday, July 27 by RBC Capital Markets. The rating was downgraded by Moffett Nathanson on Wednesday, August 5 to “Neutral”.

Investors sentiment increased to 1.34 in 2017 Q2. Its up 0.06, from 1.28 in 2017Q1. It improved, as 46 investors sold ZAYO shares while 71 reduced holdings. 50 funds opened positions while 107 raised stakes. 189.97 million shares or 6.17% more from 178.92 million shares in 2017Q1 were reported. Geode Capital Management Lc holds 893,102 shares or 0.01% of its portfolio. 13,134 were accumulated by Sumitomo Mitsui Asset Management Com Limited. The Massachusetts-based Panagora Asset Incorporated has invested 0.01% in Zayo Group Holdings, Inc. (NYSE:ZAYO). New York-based Bluemountain Lc has invested 0.01% in Zayo Group Holdings, Inc. (NYSE:ZAYO). 15,233 were accumulated by Price T Rowe Md. Asset One has 330,832 shares for 0.03% of their portfolio. Princeton Portfolio Strategies Group Inc Limited Liability Corp owns 20,600 shares or 0.18% of their US portfolio. Gsa Capital Llp reported 0.07% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Daiwa Gru stated it has 4,600 shares. Cipher Lp reported 16,653 shares. The Maryland-based Brown Advisory Inc has invested 0% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Sg Americas Securities Limited Liability Co has 11,249 shares for 0% of their portfolio. Manufacturers Life The has 0% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO). Uss Investment Mngmt Limited has invested 0.59% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Prelude Capital Management Ltd Limited Liability Company, a New York-based fund reported 1,110 shares.

Archer Capital Management Lp, which manages about $1.86 billion and $233.97 million US Long portfolio, decreased its stake in Loral Space & Communicatns I (NASDAQ:LORL) by 46,346 shares to 338,804 shares, valued at $14.08M in 2017Q2, according to the filing. It also reduced its holding in Luxfer Hldgs Plc (NYSE:LXFR) by 142,475 shares in the quarter, leaving it with 2.01 million shares, and cut its stake in Brookdale Sr Living Inc (NYSE:BKD).

Since June 12, 2017, it had 0 buys, and 1 sale for $1.60 million activity.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 210 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Positive” rating by Susquehanna on Monday, August 10. M Partners maintained the shares of FB in report on Friday, May 13 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) has “Hold” rating given on Thursday, February 2 by Pivotal Research. Credit Suisse maintained it with “Buy” rating and $18000 target in Monday, July 10 report. The company was upgraded on Thursday, October 15 by Argus Research. The firm has “Buy” rating given on Monday, July 17 by M Partners. On Thursday, July 30 the stock rating was maintained by Piper Jaffray with “Overweight”. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Pivotal Research on Thursday, April 28. On Friday, May 26 the stock rating was maintained by Cantor Fitzgerald with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Friday, July 14 report.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Cnbc.com which released: “Facebook will lead a surge in tech stocks next year with a 30 percent gain …” on December 06, 2017, also Nasdaq.com with their article: “Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $42.5 million of Shares” published on November 30, 2017, Investorplace.com published: “Why It’s Time to Buy the Dip in Facebook Inc Stock Once Again” on December 06, 2017. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Investorplace.com and their article: “Facebook Inc Stock Is the Best Investment in Struggling Tech Sector” published on December 05, 2017 as well as Livetradingnews.com‘s news article titled: “Facebook Inc (NASDAQ:FB) Launching Messenger For Kids” with publication date: December 07, 2017.

Since June 7, 2017, it had 0 insider purchases, and 2 sales for $5.82 million activity. Zuckerberg Mark had sold 138,149 shares worth $21.25M. 750 shares valued at $112,689 were sold by Stretch Colin on Tuesday, June 13. Cox Christopher K sold 16,000 shares worth $2.45M.

Glynn Capital Management Llc, which manages about $659.77 million and $445.75M US Long portfolio, decreased its stake in Veeva Systems (NYSE:VEEV) by 36,788 shares to 160,636 shares, valued at $9.85 million in 2017Q2, according to the filing. It also reduced its holding in Atlassian Corporation by 57,327 shares in the quarter, leaving it with 486,854 shares, and cut its stake in Netflix (NASDAQ:NFLX).

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