Glovista Investments Lifted Its Turkcell Iletisim Hizmetleri (TKC) Position by $2.38 Million; As Facebook (FB) Market Value Rose, Motco Has Decreased Its Stake by $356,320

January 14, 2018 - By Peter Erickson

Glovista Investments Llc increased its stake in Turkcell Iletisim Hizmetleri (TKC) by 197.56% based on its latest 2017Q3 regulatory filing with the SEC. Glovista Investments Llc bought 297,127 shares as the company’s stock declined 1.71% while stock markets rallied. The institutional investor held 447,523 shares of the telecommunications equipment company at the end of 2017Q3, valued at $3.95M, up from 150,396 at the end of the previous reported quarter. Glovista Investments Llc who had been investing in Turkcell Iletisim Hizmetleri for a number of months, seems to be bullish on the $9.09B market cap company. The stock decreased 0.21% or $0.02 during the last trading session, reaching $9.68. About 422,129 shares traded. Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) has declined 9.06% since January 14, 2017 and is downtrending. It has underperformed by 25.76% the S&P500.

Motco decreased its stake in Facebook Inc (FB) by 6.12% based on its latest 2017Q3 regulatory filing with the SEC. Motco sold 2,096 shares as the company’s stock rose 10.88% with the market. The institutional investor held 32,132 shares of the technology company at the end of 2017Q3, valued at $5.49M, down from 34,228 at the end of the previous reported quarter. Motco who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $521.22 billion market cap company. The stock decreased 4.47% or $8.4 during the last trading session, reaching $179.37. About 77.55 million shares traded or 356.22% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 14, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.




Motco, which manages about $976.26M US Long portfolio, upped its stake in At&T Inc. (NYSE:T) by 14,778 shares to 319,649 shares, valued at $12.52M in 2017Q3, according to the filing. It also increased its holding in Paychex Inc Com (NASDAQ:PAYX) by 63,334 shares in the quarter, for a total of 65,145 shares, and has risen its stake in Vanguard Limited Term Tax Exempt Admiral Shs (VMLUX).

Since August 7, 2017, it had 0 insider purchases, and 38 sales for $950.72 million activity. Shares for $8.59M were sold by FISCHER DAVID B. on Thursday, August 10. Zuckerberg Mark sold $21.25M worth of stock or 117,829 shares. Stretch Colin sold $130,184 worth of stock or 750 shares. Cox Christopher K also sold $2.80 million worth of Facebook, Inc. (NASDAQ:FB) on Monday, October 23. Another trade for 640,754 shares valued at $109.70M was sold by Koum Jan. 15,470 shares valued at $2.59M were sold by Wehner David M. on Monday, August 21.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It fall, 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. Suntrust Banks has invested 0.31% in Facebook, Inc. (NASDAQ:FB). Whitnell & has invested 0.07% in Facebook, Inc. (NASDAQ:FB). Welch And Forbes Ltd Liability Com holds 0.95% or 212,300 shares. Pure Inc has 0.09% invested in Facebook, Inc. (NASDAQ:FB). First City Capital Mgmt reported 0.2% in Facebook, Inc. (NASDAQ:FB). Commerzbank Aktiengesellschaft Fi has invested 2.39% in Facebook, Inc. (NASDAQ:FB). 17,438 are owned by Sun Life Inc. J&P(China)Capital Coltd reported 3.82% of its portfolio in Facebook, Inc. (NASDAQ:FB). Hutchin Hill Capital LP owns 73,000 shares for 0.47% of their portfolio. Seabridge Inv Llc reported 0.06% of its portfolio in Facebook, Inc. (NASDAQ:FB). Gamco Invsts Et Al owns 31,083 shares or 0.03% of their US portfolio. Barrington Strategic Wealth Management Grp Inc Inc Ltd Com has 1,917 shares. 221,067 were accumulated by Inverness Counsel Limited Liability. Maple Capital Mgmt owns 1,982 shares. Wellington Mngmt Limited Liability Partnership reported 0.84% stake.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on February, 7. They expect $1.94 EPS, up 56.45% or $0.70 from last year’s $1.24 per share. FB’s profit will be $5.64B for 23.11 P/E if the $1.94 EPS becomes a reality. After $1.59 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 22.01% EPS growth.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 217 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Oppenheimer on Thursday, November 5. The company was initiated on Monday, August 10 by Susquehanna. The firm has “Buy” rating given on Thursday, July 27 by Jefferies. The firm has “Buy” rating given on Thursday, November 3 by Axiom Capital. As per Friday, September 23, the company rating was initiated by Loop Capital. Wells Fargo maintained Facebook, Inc. (NASDAQ:FB) on Monday, January 8 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, April 28 by Pivotal Research. Canaccord Genuity maintained Facebook, Inc. (NASDAQ:FB) rating on Monday, July 24. Canaccord Genuity has “Buy” rating and $17500 target. The firm has “Overweight” rating given on Monday, October 2 by Morgan Stanley. Needham maintained the stock with “Buy” rating in Wednesday, July 19 report.

Glovista Investments Llc, which manages about $940.85M and $523.49M US Long portfolio, decreased its stake in Ishares Tr by 34,261 shares to 57,855 shares, valued at $2.02M in 2017Q3, according to the filing. It also reduced its holding in Kraneshares Tr (KWEB) by 95,094 shares in the quarter, leaving it with 13,382 shares, and cut its stake in Ishares Tr (EPOL).

Among 3 analysts covering Turkcell (NYSE:TKC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Turkcell had 4 analyst reports since September 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, September 3 by Bank of America. The firm has “Neutral” rating by JP Morgan given on Wednesday, April 6. JP Morgan upgraded Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) on Thursday, September 17 to “Overweight” rating. The firm has “Buy” rating given on Thursday, January 5 by Deutsche Bank.

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