Eqis Capital Management Stake in Netease Com (NTES) Cut by $462,880 as Shares Declined; Apple (AAPL) Share Price Rose While Old National Bancorp Has Trimmed Holding

January 14, 2018 - By Richard Conner

Old National Bancorp decreased its stake in Apple Inc (AAPL) by 3.54% based on its latest 2017Q3 regulatory filing with the SEC. Old National Bancorp sold 7,665 shares as the company’s stock rose 12.78% with the market. The institutional investor held 208,885 shares of the computer manufacturing company at the end of 2017Q3, valued at $32.19M, down from 216,550 at the end of the previous reported quarter. Old National Bancorp who had been investing in Apple Inc for a number of months, seems to be less bullish one the $900.87B market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 14, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Eqis Capital Management Inc decreased its stake in Netease Com Inc (NTES) by 49.89% based on its latest 2017Q3 regulatory filing with the SEC. Eqis Capital Management Inc sold 1,760 shares as the company’s stock declined 3.53% while stock markets rallied. The institutional investor held 1,768 shares of the miscellaneous company at the end of 2017Q3, valued at $466,000, down from 3,528 at the end of the previous reported quarter. Eqis Capital Management Inc who had been investing in Netease Com Inc for a number of months, seems to be less bullish one the $43.16B market cap company. The stock increased 0.44% or $1.43 during the last trading session, reaching $328.83. About 1.06 million shares traded. NetEase, Inc. (NASDAQ:NTES) has risen 77.85% since January 14, 2017 and is uptrending. It has outperformed by 61.15% the S&P500.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. 5,390 were reported by Weatherstone Cap. Fdx Advsr Inc stated it has 0.33% of its portfolio in Apple Inc. (NASDAQ:AAPL). Reliant Investment Limited Liability has invested 4% in Apple Inc. (NASDAQ:AAPL). Forte Ltd Llc Adv invested in 92,470 shares or 4.56% of the stock. Moreover, Arrowgrass Prtn Ltd Liability Partnership has 7.17% invested in Apple Inc. (NASDAQ:AAPL). California-based David R Rahn Associates has invested 4.09% in Apple Inc. (NASDAQ:AAPL). Glg Prtnrs LP owns 10,042 shares for 0.08% of their portfolio. Community Savings Bank Na has invested 1.75% of its portfolio in Apple Inc. (NASDAQ:AAPL). Salient Trust Lta holds 117,325 shares or 2.16% of its portfolio. Lord Abbett And Limited Liability owns 1.39M shares or 0.63% of their US portfolio. Kornitzer Capital Management Ks stated it has 1.08% in Apple Inc. (NASDAQ:AAPL). Moon Cap Mgmt Lc reported 8,432 shares. Keating Counselors stated it has 3,425 shares or 0.23% of all its holdings. Lafleur And Godfrey Ltd, a Michigan-based fund reported 175,167 shares. Harvey Inv Co Limited Co stated it has 2,377 shares.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 344 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, August 25 the stock rating was maintained by Cowen & Co with “Market Perform”. On Wednesday, April 27 the stock rating was maintained by Piper Jaffray with “Overweight”. Needham maintained the shares of AAPL in report on Thursday, July 27 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Monday, October 9 by UBS. The rating was initiated by Barclays Capital with “Overweight” on Wednesday, October 14. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by BTIG Research on Wednesday, March 1. FBR Capital maintained it with “Outperform” rating and $150.0 target in Wednesday, December 23 report. On Tuesday, August 25 the stock rating was upgraded by Wells Fargo to “Market Perform”. The firm earned “Buy” rating on Friday, August 7 by Morgan Stanley. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, February 1 by Mizuho.

Old National Bancorp, which manages about $1.84 billion US Long portfolio, upped its stake in Select Sector Spdr Tr (XLV) by 27,953 shares to 385,020 shares, valued at $31.47 million in 2017Q3, according to the filing. It also increased its holding in Cummins Inc (NYSE:CMI) by 7,866 shares in the quarter, for a total of 41,467 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08 billion for 11.81 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Since August 7, 2017, it had 0 insider buys, and 12 selling transactions for $93.68 million activity. Shares for $2.65 million were sold by Riccio Daniel J.. Shares for $43.15 million were sold by COOK TIMOTHY D on Thursday, August 24. 6,209 shares were sold by KONDO CHRIS, worth $1.01M. SEWELL D BRUCE had sold 31,625 shares worth $5.00 million. Shares for $9.78M were sold by AHRENDTS ANGELA J. Another trade for 63,163 shares valued at $9.98 million was made by FEDERIGHI CRAIG on Monday, August 7.

Eqis Capital Management Inc, which manages about $779.38M and $1.82 billion US Long portfolio, upped its stake in Banco Bradesco S A (NYSE:BBD) by 31,127 shares to 52,661 shares, valued at $583,000 in 2017Q3, according to the filing. It also increased its holding in Vanguard Energy Index Fund (VDE) by 7,685 shares in the quarter, for a total of 28,828 shares, and has risen its stake in Ishares Barclays 1 (CSJ).

Analysts await NetEase, Inc. (NASDAQ:NTES) to report earnings on February, 21. They expect $2.41 earnings per share, down 39.90% or $1.60 from last year’s $4.01 per share. NTES’s profit will be $316.33 million for 34.11 P/E if the $2.41 EPS becomes a reality. After $2.86 actual earnings per share reported by NetEase, Inc. for the previous quarter, Wall Street now forecasts -15.73% negative EPS growth.

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