Altimeter Capital Management LP Has Cut Holding in Yelp (Call) (YELP) as Market Value Declined; Danaher Del (DHR) Shareholder Pictet & Cie Europe Sa Has Cut Its Position as Share Value Declined

January 14, 2018 - By Louis Casey

Pictet & Cie Europe Sa decreased its stake in Danaher Corp Del (DHR) by 41.64% based on its latest 2017Q3 regulatory filing with the SEC. Pictet & Cie Europe Sa sold 55,695 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 78,071 shares of the industrial machinery and components company at the end of 2017Q3, valued at $6.70 million, down from 133,766 at the end of the previous reported quarter. Pictet & Cie Europe Sa who had been investing in Danaher Corp Del for a number of months, seems to be less bullish one the $69.14 billion market cap company. The stock increased 0.81% or $0.8 during the last trading session, reaching $99.39. About 1.89 million shares traded. Danaher Corporation (NYSE:DHR) has risen 10.62% since January 14, 2017 and is uptrending. It has underperformed by 6.08% the S&P500.

Brad Gerstner decreased its stake in Yelp Inc (Call) (YELP) by 81.55% based on its latest 2017Q3 regulatory filing with the SEC. Altimeter Capital Management Lp sold 8,843 shares as the company’s stock declined 19.70% while stock markets rallied. The hedge fund run by Brad Gerstner held 2,000 shares of the other consumer services company at the end of 2017Q3, valued at $2.76M, down from 10,843 at the end of the previous reported quarter. Altimeter Capital Management Lp who had been investing in Yelp Inc (Call) for a number of months, seems to be less bullish one the $3.76B market cap company. The stock increased 3.16% or $1.39 during the last trading session, reaching $45.39. About 2.54 million shares traded or 95.98% up from the average. Yelp Inc. (NYSE:YELP) has risen 12.71% since January 14, 2017 and is uptrending. It has underperformed by 3.99% the S&P500.

Analysts await Danaher Corporation (NYSE:DHR) to report earnings on January, 30. They expect $1.15 earnings per share, up 9.52% or $0.10 from last year’s $1.05 per share. DHR’s profit will be $799.94M for 21.61 P/E if the $1.15 EPS becomes a reality. After $1.00 actual earnings per share reported by Danaher Corporation for the previous quarter, Wall Street now forecasts 15.00% EPS growth.

Since August 31, 2017, it had 0 insider buys, and 4 insider sales for $13.63 million activity. The insider COMAS DANIEL L sold 88,184 shares worth $8.03 million. 10,578 shares valued at $960,736 were sold by EHRLICH DONALD J on Tuesday, October 24. $1.03M worth of stock was sold by LUTZ ROBERT S on Monday, October 23.

Among 19 analysts covering Danaher Corporation (NYSE:DHR), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Danaher Corporation had 75 analyst reports since July 28, 2015 according to SRatingsIntel. J.P. Morgan maintained Danaher Corporation (NYSE:DHR) on Friday, September 8 with “Buy” rating. As per Wednesday, January 27, the company rating was maintained by RBC Capital Markets. The stock of Danaher Corporation (NYSE:DHR) earned “Overweight” rating by Barclays Capital on Friday, October 23. The stock of Danaher Corporation (NYSE:DHR) earned “Neutral” rating by Sterne Agee CRT on Wednesday, September 9. The firm has “Neutral” rating given on Monday, June 13 by Citigroup. The stock of Danaher Corporation (NYSE:DHR) earned “Buy” rating by Citigroup on Friday, July 21. The stock of Danaher Corporation (NYSE:DHR) has “Outperform” rating given on Friday, October 20 by Robert W. Baird. As per Monday, October 5, the company rating was maintained by Barclays Capital. Goldman Sachs initiated Danaher Corporation (NYSE:DHR) rating on Tuesday, September 26. Goldman Sachs has “Hold” rating and $83.0 target. The stock has “Buy” rating by Credit Suisse on Thursday, May 25.

Pictet & Cie Europe Sa, which manages about $697.36 million US Long portfolio, upped its stake in Goldman Sachs Group Inc (NYSE:GS) by 10,764 shares to 11,949 shares, valued at $2.83M in 2017Q3, according to the filing. It also increased its holding in Cognizant Technology Solutio (NASDAQ:CTSH) by 7,448 shares in the quarter, for a total of 127,438 shares, and has risen its stake in Celgene Corp (NASDAQ:CELG).

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.40, from 1.41 in 2017Q2. It dived, as 58 investors sold DHR shares while 367 reduced holdings. 78 funds opened positions while 352 raised stakes. 511.08 million shares or 0.43% more from 508.92 million shares in 2017Q2 were reported. Keybank National Association Oh holds 483,145 shares or 0.25% of its portfolio. Tnb Fincl has invested 0.08% in Danaher Corporation (NYSE:DHR). Tocqueville Asset Mngmt Ltd Partnership, a New York-based fund reported 33,620 shares. Baystate Wealth Mgmt Ltd Liability reported 1,958 shares. Balasa Dinverno & Foltz, a Illinois-based fund reported 5,273 shares. Ray Gerald L And Associates Ltd stated it has 0.07% of its portfolio in Danaher Corporation (NYSE:DHR). Etrade Cap Mngmt Limited Liability invested in 0.06% or 18,082 shares. Grandfield And Dodd Ltd Company, New York-based fund reported 16,629 shares. Cullen Frost Bankers Inc owns 151,976 shares for 0.43% of their portfolio. Dekabank Deutsche Girozentrale holds 0.23% or 363,409 shares in its portfolio. The New York-based Stone Run has invested 1.56% in Danaher Corporation (NYSE:DHR). Aristotle Mngmt Ltd Co has 4.08M shares for 2.72% of their portfolio. Glob X Mgmt Lc owns 4,354 shares or 0.01% of their US portfolio. Amer Century Companies stated it has 1.56 million shares. Tru Of Oklahoma holds 42,696 shares or 1.83% of its portfolio.

Analysts await Yelp Inc. (NYSE:YELP) to report earnings on February, 8. They expect $0.05 EPS, down 61.54% or $0.08 from last year’s $0.13 per share. YELP’s profit will be $4.14M for 226.95 P/E if the $0.05 EPS becomes a reality. After $0.09 actual EPS reported by Yelp Inc. for the previous quarter, Wall Street now forecasts -44.44% negative EPS growth.

Since August 4, 2017, it had 0 insider purchases, and 33 insider sales for $16.08 million activity. Ramsay Alan also sold $22,383 worth of Yelp Inc. (NYSE:YELP) shares. 4,208 shares were sold by Wilson Laurence, worth $174,422. Donaker Geoffrey L sold $260,160 worth of stock or 6,000 shares. 6,500 shares were sold by Nachman Joseph R, worth $248,820. Baker Charles had sold 3,921 shares worth $162,525 on Tuesday, August 22.

Among 47 analysts covering Yelp (NYSE:YELP), 22 have Buy rating, 4 Sell and 21 Hold. Therefore 47% are positive. Yelp had 145 analyst reports since July 28, 2015 according to SRatingsIntel. On Thursday, October 29 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was maintained by Maxim Group on Wednesday, May 10 with “Buy”. Oppenheimer downgraded the stock to “Perform” rating in Wednesday, July 29 report. The firm earned “Hold” rating on Friday, August 4 by Stifel Nicolaus. The company was downgraded on Wednesday, May 10 by RBC Capital Markets. The firm has “Equal-Weight” rating given on Friday, August 4 by Barclays Capital. The firm has “Hold” rating given on Friday, October 27 by Roth Capital. KeyBanc Capital Markets maintained Yelp Inc. (NYSE:YELP) rating on Thursday, November 16. KeyBanc Capital Markets has “Buy” rating and $54.0 target. Stifel Nicolaus maintained the shares of YELP in report on Friday, February 10 with “Hold” rating. The firm has “Buy” rating given on Thursday, May 11 by Citigroup.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.22, from 1.07 in 2017Q2. It dived, as 32 investors sold YELP shares while 72 reduced holdings. 46 funds opened positions while 42 raised stakes. 60.04 million shares or 5.61% less from 63.60 million shares in 2017Q2 were reported. Aqr Mgmt Ltd invested in 189,630 shares or 0.01% of the stock. Creative Planning reported 0% of its portfolio in Yelp Inc. (NYSE:YELP). Acadian Asset Ltd Liability owns 469,378 shares. Jane Street Gru Lc holds 61,283 shares. Tcw Grp holds 0.13% or 380,600 shares in its portfolio. Sector Pension Investment Board reported 25,000 shares. Goodnow Invest Grp Ltd Llc reported 54,010 shares. Clough Cap Prtn LP holds 613,229 shares or 1.78% of its portfolio. Trexquant Invest Limited Partnership stated it has 17,449 shares. Two Sigma Limited Com accumulated 0.02% or 6,014 shares. Susquehanna Llp accumulated 0% or 113,532 shares. Eminence Capital Lp holds 2.02M shares or 1.42% of its portfolio. Granahan Invest Inc Ma accumulated 25,365 shares. Paloma Prtn Co owns 5,286 shares. 275 are owned by Fred Alger Management.

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