Focused Wealth Management Increases Stake in Facebook (FB); Peak Asset Management Boosted Holding in Oracle (ORCL) as Shares Rose

January 13, 2018 - By Clifton Ray

Peak Asset Management Llc increased its stake in Oracle Corp (ORCL) by 4.74% based on its latest 2017Q3 regulatory filing with the SEC. Peak Asset Management Llc bought 6,499 shares as the company’s stock rose 5.35% with the market. The hedge fund held 143,712 shares of the prepackaged software company at the end of 2017Q3, valued at $6.95 million, up from 137,213 at the end of the previous reported quarter. Peak Asset Management Llc who had been investing in Oracle Corp for a number of months, seems to be bullish on the $204.95B market cap company. The stock increased 1.14% or $0.56 during the last trading session, reaching $49.51. About 15.98 million shares traded or 6.63% up from the average. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 13, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Focused Wealth Management Inc increased its stake in Facebook Inc (FB) by 10.09% based on its latest 2017Q3 regulatory filing with the SEC. Focused Wealth Management Inc bought 2,263 shares as the company’s stock rose 10.88% with the market. The institutional investor held 24,688 shares of the technology company at the end of 2017Q3, valued at $4.22 million, up from 22,425 at the end of the previous reported quarter. Focused Wealth Management Inc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $521.22B market cap company. The stock decreased 4.47% or $8.4 during the last trading session, reaching $179.37. About 77.55M shares traded or 357.64% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 13, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.18, from 0.95 in 2017Q2. It improved, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Tru Advsrs has invested 1.25% in Oracle Corporation (NYSE:ORCL). Jana Ptnrs Lc owns 150,000 shares or 0.15% of their US portfolio. 100,665 are held by Cornercap Invest Counsel. Federated Investors Inc Pa has 0.1% invested in Oracle Corporation (NYSE:ORCL). Boston Rech Mngmt invested in 9,510 shares or 0.23% of the stock. Ameriprise holds 10.13M shares. Comgest Sas has invested 2.53% in Oracle Corporation (NYSE:ORCL). Hbk Sorce Advisory Ltd Liability Com owns 18,826 shares or 0.14% of their US portfolio. Cubic Asset Lc invested 0.25% in Oracle Corporation (NYSE:ORCL). Mason Street Advsr Limited Company accumulated 419,201 shares. Lazard Asset Management Limited Liability Com owns 769,205 shares. Employees Retirement Association Of Colorado invested in 1.26% or 3.60 million shares. Seaward Management Partnership reported 929,211 shares. Sol Mngmt Communications has invested 0.68% in Oracle Corporation (NYSE:ORCL). Vident Inv Advisory Llc stated it has 19,172 shares.

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Oracle had 103 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Sunday, September 10 by Stifel Nicolaus. RBC Capital Markets maintained Oracle Corporation (NYSE:ORCL) rating on Friday, September 30. RBC Capital Markets has “Outperform” rating and $43 target. The company was maintained on Thursday, September 17 by Stifel Nicolaus. Pacific Crest maintained Oracle Corporation (NYSE:ORCL) on Friday, June 17 with “Sector Weight” rating. The firm earned “Buy” rating on Friday, August 25 by Jefferies. The firm earned “Outperform” rating on Friday, September 16 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, September 10 by BTIG Research. The rating was initiated by Piper Jaffray on Wednesday, October 4 with “Buy”. Jefferies upgraded the stock to “Buy” rating in Thursday, July 30 report. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Wednesday, July 5.

Since August 7, 2017, it had 0 insider purchases, and 38 sales for $950.72 million activity. Stretch Colin had sold 750 shares worth $134,125 on Tuesday, December 12. $42.50M worth of Facebook, Inc. (NASDAQ:FB) was sold by Zuckerberg Mark. Another trade for 37,963 shares valued at $6.53 million was made by Schroepfer Michael Todd on Tuesday, August 8. Another trade for 16,000 shares valued at $2.80M was made by Cox Christopher K on Monday, October 23. $2.75M worth of stock was sold by FISCHER DAVID B. on Thursday, August 24. Koum Jan had sold 640,754 shares worth $109.70 million on Wednesday, August 30.

Focused Wealth Management Inc, which manages about $364.20 million and $299.86 million US Long portfolio, decreased its stake in Target Corp (NYSE:TGT) by 12,812 shares to 300 shares, valued at $18,000 in 2017Q3, according to the filing. It also reduced its holding in Vanguard World Fd (MGK) by 17,326 shares in the quarter, leaving it with 216,905 shares, and cut its stake in Corning Inc (NYSE:GLW).

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. Robert W. Baird maintained it with “Buy” rating and $185.0 target in Monday, October 2 report. The firm has “Buy” rating given on Thursday, November 2 by Canaccord Genuity. The company was maintained on Wednesday, November 1 by Aegis Capital. The rating was maintained by Cantor Fitzgerald on Thursday, November 3 with “Buy”. Robert W. Baird maintained Facebook, Inc. (NASDAQ:FB) on Thursday, November 30 with “Buy” rating. The firm has “Buy” rating given on Thursday, April 28 by Monness Crespi. On Friday, January 13 the stock rating was upgraded by Raymond James to “Strong Buy”. As per Thursday, November 5, the company rating was maintained by Jefferies. The firm has “Outperform” rating given on Thursday, November 3 by Wells Fargo. The stock has “Buy” rating by Jefferies on Thursday, April 28.

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