Madrona Financial Services Cut Holding in Exxon Mobil (XOM) by $667,600; Kensico Capital Management Increased Holding in Ebay (EBAY) by $46.21 Million

December 17, 2017 - By Nellie Frank

Michael Lowenstein increased its stake in Ebay Inc (EBAY) by 49.05% based on its latest 2017Q2 regulatory filing with the SEC. Kensico Capital Management Corp bought 1.36M shares as the company’s stock rose 0.21% with the market. The hedge fund run by Michael Lowenstein held 4.13M shares of the business services company at the end of 2017Q2, valued at $144.22M, up from 2.77M at the end of the previous reported quarter. Kensico Capital Management Corp who had been investing in Ebay Inc for a number of months, seems to be bullish on the $40.08 billion market cap company. The stock increased 2.05% or $0.77 during the last trading session, reaching $38.37. About 16.28 million shares traded or 83.64% up from the average. eBay Inc. (NASDAQ:EBAY) has risen 44.45% since December 17, 2016 and is uptrending. It has outperformed by 27.75% the S&P500.

Madrona Financial Services Llc decreased its stake in Exxon Mobil Corp (XOM) by 75.55% based on its latest 2017Q2 regulatory filing with the SEC. Madrona Financial Services Llc sold 8,345 shares as the company’s stock rose 0.21% with the market. The institutional investor held 2,700 shares of the integrated oil company at the end of 2017Q2, valued at $218,000, down from 11,045 at the end of the previous reported quarter. Madrona Financial Services Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $351.81 billion market cap company. The stock increased 0.16% or $0.13 during the last trading session, reaching $83.03. About 26.58M shares traded or 187.95% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since December 17, 2016 and is downtrending. It has underperformed by 25.78% the S&P500.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on January, 30. They expect $0.99 EPS, up 10.00% or $0.09 from last year’s $0.9 per share. XOM’s profit will be $4.19 billion for 20.97 P/E if the $0.99 EPS becomes a reality. After $0.93 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Since August 4, 2017, it had 0 insider purchases, and 4 selling transactions for $4.12 million activity. $606,082 worth of Exxon Mobil Corporation (NYSE:XOM) was sold by Milton Bryan W. Corson Bradley W had sold 19,500 shares worth $1.62M on Monday, December 11. Shares for $1.81 million were sold by Franklin Robert Stuart on Monday, September 18.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 78 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Hold” rating given on Thursday, July 27 by Jefferies. As per Tuesday, August 29, the company rating was maintained by RBC Capital Markets. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Neutral” rating given on Monday, May 2 by UBS. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Conviction Buy” rating given on Friday, March 18 by Goldman Sachs. RBC Capital Markets maintained it with “Hold” rating and $90.0 target in Monday, October 9 report. The firm earned “Buy” rating on Tuesday, October 24 by Cowen & Co. The stock has “Sell” rating by Tudor Pickering on Tuesday, January 26. The firm earned “Hold” rating on Friday, June 23 by Jefferies. The rating was maintained by Cowen & Co with “Buy” on Friday, July 28. Wells Fargo downgraded the shares of XOM in report on Wednesday, January 11 to “Market Perform” rating.

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.04, from 0.89 in 2017Q1. It dropped, as 48 investors sold XOM shares while 822 reduced holdings. 103 funds opened positions while 639 raised stakes. 2.12 billion shares or 0.55% more from 2.10 billion shares in 2017Q1 were reported. Peninsula Asset Mgmt holds 1.96% or 32,477 shares in its portfolio. Adams Diversified Equity Fund has 358,300 shares for 1.63% of their portfolio. Flossbach Von Storch Ag has 0.2% invested in Exxon Mobil Corporation (NYSE:XOM). Rowland & Counsel Adv reported 0% in Exxon Mobil Corporation (NYSE:XOM). Wealthcare Capital Mngmt Ltd Llc has invested 0.06% in Exxon Mobil Corporation (NYSE:XOM). Kemper Corp Master Retirement Trust accumulated 60,942 shares. Vision Cap Mngmt Inc stated it has 0.15% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). North Star Asset has 0.6% invested in Exxon Mobil Corporation (NYSE:XOM). Great Lakes Advisors Limited Liability Corp invested in 225,368 shares. State Of Alaska Department Of Revenue holds 1.11% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 202,079 shares. The Massachusetts-based Cambridge has invested 1.23% in Exxon Mobil Corporation (NYSE:XOM). Stratos Wealth Prtn has invested 0.88% in Exxon Mobil Corporation (NYSE:XOM). Bkd Wealth Advisors stated it has 44,354 shares. Lenox Wealth Management reported 0.07% stake. Primecap Mgmt Ca invested in 106,200 shares or 0.01% of the stock.

Investors sentiment decreased to 0.89 in Q2 2017. Its down 0.02, from 0.91 in 2017Q1. It worsened, as 57 investors sold EBAY shares while 278 reduced holdings. 67 funds opened positions while 232 raised stakes. 887.72 million shares or 0.62% less from 893.23 million shares in 2017Q1 were reported. Lindsell Train Limited invested in 4.74M shares or 6.43% of the stock. Raymond James Services Advsrs Incorporated holds 0.01% or 49,045 shares in its portfolio. Moreover, Planning has 0.02% invested in eBay Inc. (NASDAQ:EBAY). Synovus Fincl reported 0.04% of its portfolio in eBay Inc. (NASDAQ:EBAY). Freestone Cap Hldg Ltd holds 0.03% or 9,182 shares. Advisor Ptnrs Ltd Llc has 20,239 shares. Checchi Capital Advisers Limited Liability accumulated 10,847 shares. Asset One Co Limited owns 0.15% invested in eBay Inc. (NASDAQ:EBAY) for 1.71M shares. Ameritas Invest Prtn Inc invested 0.07% in eBay Inc. (NASDAQ:EBAY). Arrow Financial holds 0.03% or 3,090 shares in its portfolio. Plante Moran Advsrs Ltd Liability Company holds 0% or 50 shares in its portfolio. Ghp Advsrs owns 0.11% invested in eBay Inc. (NASDAQ:EBAY) for 18,976 shares. Eagle Asset has invested 0% in eBay Inc. (NASDAQ:EBAY). D Scott Neal Inc reported 400 shares. Ameriprise Financial holds 0.08% or 4.55M shares.

Among 44 analysts covering eBay Inc (NASDAQ:EBAY), 24 have Buy rating, 3 Sell and 17 Hold. Therefore 55% are positive. eBay Inc had 136 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Wednesday, March 2 by BMO Capital Markets. As per Wednesday, April 27, the company rating was maintained by Benchmark. The rating was upgraded by Piper Jaffray to “Neutral” on Thursday, September 3. The firm has “Sector Perform” rating given on Thursday, August 27 by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, April 27 by Jefferies. Bank of America maintained eBay Inc. (NASDAQ:EBAY) on Saturday, August 22 with “Buy” rating. As per Monday, April 18, the company rating was maintained by Credit Suisse. The rating was maintained by BMO Capital Markets with “Market Perform” on Wednesday, October 18. The stock has “Hold” rating by Canaccord Genuity on Friday, June 30. The rating was maintained by Canaccord Genuity on Tuesday, September 5 with “Hold”.

Kensico Capital Management Corp, which manages about $7.43B and $6.50B US Long portfolio, decreased its stake in Welbilt Inc by 412,400 shares to 11.23 million shares, valued at $211.64M in 2017Q2, according to the filing. It also reduced its holding in Western Digital Corp (NASDAQ:WDC) by 122,529 shares in the quarter, leaving it with 333,508 shares, and cut its stake in Liberty Media Corp Delaware.

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