As Fedex Com (FDX) Shares Declined, Mengis Capital Management Increased Holding; Frontier Investment Mgmt Company Maintains Stake in Facebook (FB)

April 22, 2018 - By Clifton Ray

FedEx Corporation (NYSE:FDX) Logo

Frontier Investment Mgmt Company increased its stake in Facebook Inc (FB) by 73.24% based on its latest 2017Q4 regulatory filing with the SEC. Frontier Investment Mgmt Company bought 8,678 shares as the company’s stock declined 14.10% with the market. The institutional investor held 20,527 shares of the technology company at the end of 2017Q4, valued at $3.62M, up from 11,849 at the end of the previous reported quarter. Frontier Investment Mgmt Company who had been investing in Facebook Inc for a number of months, seems to be bullish on the $482.11 billion market cap company. The stock decreased 1.08% or $1.82 during the last trading session, reaching $166.28. About 17.17M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since April 22, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Mengis Capital Management Inc increased its stake in Fedex Corp Com (FDX) by 59.53% based on its latest 2017Q4 regulatory filing with the SEC. Mengis Capital Management Inc bought 1,890 shares as the company’s stock declined 6.15% with the market. The institutional investor held 5,065 shares of the air freight and delivery services company at the end of 2017Q4, valued at $1.26 million, up from 3,175 at the end of the previous reported quarter. Mengis Capital Management Inc who had been investing in Fedex Corp Com for a number of months, seems to be bullish on the $66.03 billion market cap company. The stock decreased 1.78% or $4.47 during the last trading session, reaching $247.12. About 1.51M shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since April 22, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Among 55 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 3 Hold. Therefore 91% are positive. Facebook had 254 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $21500 target in Sunday, April 8 report. As per Wednesday, November 22, the company rating was maintained by BMO Capital Markets. The company was maintained on Thursday, July 30 by Mizuho. On Thursday, April 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained Facebook, Inc. (NASDAQ:FB) on Wednesday, January 31 with “Buy” rating. UBS maintained the stock with “Buy” rating in Thursday, July 27 report. The company was maintained on Thursday, July 30 by Rosenblatt. Piper Jaffray maintained the shares of FB in report on Thursday, November 5 with “Overweight” rating. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by M Partners on Monday, July 17. The rating was maintained by JMP Securities with “Market Outperform” on Thursday, April 28.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.06, from 1.15 in 2017Q3. It improved, as 57 investors sold FB shares while 621 reduced holdings. 147 funds opened positions while 670 raised stakes. 1.61 billion shares or 1.26% less from 1.63 billion shares in 2017Q3 were reported. Bokf Na reported 153,179 shares. Natl Tx owns 1.32% invested in Facebook, Inc. (NASDAQ:FB) for 148,651 shares. Beach Counsel Inc Pa owns 107,661 shares or 1.85% of their US portfolio. Manchester Capital Mgmt Limited Liability accumulated 2,452 shares. Segment Wealth Ltd Limited Liability Company holds 0.35% in Facebook, Inc. (NASDAQ:FB) or 8,154 shares. Gofen Glossberg Ltd Liability Co Il has 0.96% invested in Facebook, Inc. (NASDAQ:FB). The California-based Cetera Advisor Networks Limited Liability Company has invested 0.45% in Facebook, Inc. (NASDAQ:FB). 17,249 are owned by Lmr Prtn Llp. Discovery Cap Management Ltd Llc Ct accumulated 567,000 shares or 3.1% of the stock. Earnest Prtn Limited Com holds 0% or 1,087 shares in its portfolio. Teewinot Capital Advisers Limited Com accumulated 44,326 shares or 3.3% of the stock. Lodestar Investment Counsel Ltd Company Il reported 0.04% in Facebook, Inc. (NASDAQ:FB). Moreover, Bingham Osborn And Scarborough Ltd Liability Corporation has 0.47% invested in Facebook, Inc. (NASDAQ:FB). Fort Point Capital Prtn Limited Liability Company accumulated 26,319 shares. Moreover, Whitnell & has 0.07% invested in Facebook, Inc. (NASDAQ:FB).

Since October 23, 2017, it had 0 insider purchases, and 41 insider sales for $1.41 billion activity. Another trade for 14,901 shares valued at $2.66 million was made by Wehner David M. on Thursday, February 22. Another trade for 16,000 shares valued at $2.83M was made by Cox Christopher K on Thursday, December 7. 750 Facebook, Inc. (NASDAQ:FB) shares with value of $129,325 were sold by Stretch Colin. Schroepfer Michael Todd had sold 38,050 shares worth $6.64M on Tuesday, February 13. Sandberg Sheryl sold 55,000 shares worth $10.07 million. FISCHER DAVID B. sold $806,019 worth of stock or 4,699 shares.

Frontier Investment Mgmt Company, which manages about $1.19 billion and $1.20B US Long portfolio, decreased its stake in Dart Group Plc Shs by 209,650 shares to 533,161 shares, valued at $4.90M in 2017Q4, according to the filing. It also reduced its holding in Bollore Sa by 341,684 shares in the quarter, leaving it with 1.05M shares, and cut its stake in Vanguard Growth Etf (VUG).

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 116 analyst reports since August 14, 2015 according to SRatingsIntel. Susquehanna maintained FedEx Corporation (NYSE:FDX) on Friday, September 18 with “Neutral” rating. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Tuesday, September 22 by Argus Research. The firm earned “Overweight” rating on Tuesday, December 13 by JP Morgan. Wells Fargo maintained the stock with “Outperform” rating in Thursday, September 21 report. The firm earned “Hold” rating on Monday, August 14 by Stifel Nicolaus. BMO Capital Markets maintained FedEx Corporation (NYSE:FDX) rating on Tuesday, September 5. BMO Capital Markets has “Buy” rating and $245.0 target. As per Friday, September 15, the company rating was downgraded by UBS. The stock has “Buy” rating by Stifel Nicolaus on Monday, February 22. Oppenheimer maintained FedEx Corporation (NYSE:FDX) on Thursday, September 17 with “Outperform” rating. The company was maintained on Tuesday, August 8 by Cowen & Co.

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