Alyeska Investment Group LP Has Cut Fleetcor Technologies (FLT) Position by $14.41 Million; Share Value Rose; Apple (AAPL) Market Valuation Declined While Chesapeake Asset Management Decreased Its Position by $382,785

May 27, 2018 - By Vivian Park

FleetCor Technologies, Inc. (NYSE:FLT) Logo

Chesapeake Asset Management Llc decreased its stake in Apple Inc (AAPL) by 4.98% based on its latest 2017Q4 regulatory filing with the SEC. Chesapeake Asset Management Llc sold 2,265 shares as the company’s stock declined 3.81% with the market. The hedge fund held 43,218 shares of the computer manufacturing company at the end of 2017Q4, valued at $7.31M, down from 45,483 at the end of the previous reported quarter. Chesapeake Asset Management Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $926.90 billion market cap company. The stock increased 0.23% or $0.43 during the last trading session, reaching $188.58. About 15.45 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 27, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Anand Parekh decreased its stake in Fleetcor Technologies Inc (FLT) by 25.6% based on its latest 2017Q4 regulatory filing with the SEC. Alyeska Investment Group Lp sold 75,038 shares as the company’s stock rose 4.28% while stock markets declined. The hedge fund run by Anand Parekh held 218,065 shares of the miscellaneous company at the end of 2017Q4, valued at $41.96 million, down from 293,103 at the end of the previous reported quarter. Alyeska Investment Group Lp who had been investing in Fleetcor Technologies Inc for a number of months, seems to be less bullish one the $18.12B market cap company. The stock decreased 0.12% or $0.24 during the last trading session, reaching $202.12. About 839,353 shares traded or 58.50% up from the average. FleetCor Technologies, Inc. (NYSE:FLT) has risen 27.04% since May 27, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on August, 2. They expect $2.35 earnings per share, up 28.42% or $0.52 from last year’s $1.83 per share. FLT’s profit will be $210.65M for 21.50 P/E if the $2.35 EPS becomes a reality. After $2.38 actual earnings per share reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts -1.26% negative EPS growth.

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 56 analyst reports since August 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained FleetCor Technologies, Inc. (NYSE:FLT) on Wednesday, February 3 with “Outperform” rating. Citigroup maintained the shares of FLT in report on Thursday, November 2 with “Buy” rating. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Citigroup on Thursday, July 13. The firm has “Buy” rating given on Wednesday, October 11 by Jefferies. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Oppenheimer on Monday, November 13. Barclays Capital maintained it with “Overweight” rating and $190 target in Wednesday, September 21 report. The rating was downgraded by Evercore on Wednesday, September 30 to “Hold”. Wells Fargo upgraded the stock to “Outperform” rating in Friday, November 18 report. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Overweight” rating given on Friday, May 5 by JP Morgan.

More notable recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Seekingalpha.com which released: “FleetCor Technologies (FLT) Q1 2018 Results – Earnings Call Transcript” on May 04, 2018, also Globenewswire.com with their article: “SHAREHOLDER UPDATE: FleetCor Technologies, Inc. – FLT” published on May 23, 2018, Globenewswire.com published: “Update: Lawsuit for Investors in shares of FleetCor Technologies, Inc. (NYSE: FLT) announced by Shareholders …” on May 22, 2018. More interesting news about FleetCor Technologies, Inc. (NYSE:FLT) were released by: Bizjournals.com and their article: “Coca-Cola among Georgia companies to dip on Fortune 500 list (Slideshow)” published on May 21, 2018 as well as Businesswire.com‘s news article titled: “FLEETCOR INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates …” with publication date: May 26, 2018.

Investors sentiment decreased to 1.2 in Q4 2017. Its down 0.07, from 1.27 in 2017Q3. It worsened, as 25 investors sold FLT shares while 118 reduced holdings. 73 funds opened positions while 99 raised stakes. 81.94 million shares or 2.11% less from 83.71 million shares in 2017Q3 were reported. Southpoint Cap Advsrs LP accumulated 364,492 shares or 3.34% of the stock. Jennison Assocs Limited Liability has 0.82% invested in FleetCor Technologies, Inc. (NYSE:FLT). Legal General Gp Public Lc has invested 0.05% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Rainier Mgmt Ltd Limited Liability Company holds 14,320 shares. Shamrock Asset Management Limited Liability Co stated it has 0.01% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Gateway Invest Advisers Limited Liability Company invested 0.06% in FleetCor Technologies, Inc. (NYSE:FLT). Smith Asset Mngmt Gp Lp reported 130,980 shares or 0.79% of all its holdings. Utah Retirement Systems has invested 0.07% in FleetCor Technologies, Inc. (NYSE:FLT). Teacher Retirement Systems Of Texas holds 24,883 shares. Bnp Paribas Asset Hldg Sa holds 0.03% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 18,131 shares. Pitcairn reported 14,265 shares stake. Emerald Advisers Pa has invested 0.05% in FleetCor Technologies, Inc. (NYSE:FLT). Rhumbline Advisers has 100,014 shares for 0.04% of their portfolio. Tokio Marine Asset Mngmt Co Limited reported 60,500 shares stake. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management invested 0.03% in FleetCor Technologies, Inc. (NYSE:FLT).

Alyeska Investment Group Lp, which manages about $3.14B and $11.65B US Long portfolio, upped its stake in Autozone Inc (NYSE:AZO) by 168,020 shares to 406,313 shares, valued at $289.04 million in 2017Q4, according to the filing. It also increased its holding in Gty Technology Holdings Inc by 2.27M shares in the quarter, for a total of 3.40 million shares, and has risen its stake in Pinnacle Foods Inc Del (NYSE:PF).

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Nasdaq.com which released: “Thursday’s Vital Data: Facebook, Inc. (FB), Apple Inc. (AAPL) and Alibaba Group Holding Ltd (BABA)” on May 17, 2018, also Fool.com with their article: “Apple’s Next iPhone Chip Is Now in Mass Production” published on May 25, 2018, Nasdaq.com published: “Apple Changing Gears Yet Again on Autonomous Driving” on May 25, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Apple’s Dividend: An Opportunity Wasted” published on May 15, 2018 as well as Thestreet.com‘s news article titled: “How to Trade Apple Ahead of Alphabet’s Launch of YouTube Music” with publication date: May 21, 2018.

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It improved, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. 16,888 were reported by Fayerweather Charles. Brave Asset Mgmt Inc reported 2.4% of its portfolio in Apple Inc. (NASDAQ:AAPL). Cwh Cap Mgmt invested in 0.55% or 6,920 shares. Bedell Frazier Counseling Ltd Liability Corporation has invested 7.07% of its portfolio in Apple Inc. (NASDAQ:AAPL). Moreover, Wespac Advsrs Ltd Limited Liability Company has 0.64% invested in Apple Inc. (NASDAQ:AAPL). Peavine Cap Limited Liability Corp owns 1,318 shares for 0.11% of their portfolio. 154,800 were reported by Columbus Hill Cap L P. Cs Mckee LP has invested 3.82% in Apple Inc. (NASDAQ:AAPL). Public Sector Pension Investment Board holds 2.93% or 2.63 million shares in its portfolio. Moller Fincl Svcs holds 0.21% or 3,270 shares. 1.86 million are owned by Kbc Group Inc Nv. Dorsey Wright And Associate holds 2,956 shares. Nicholas Invest Ptnrs Ltd Partnership owns 0.23% invested in Apple Inc. (NASDAQ:AAPL) for 20,824 shares. Buckhead Capital Mgmt Ltd Co reported 47,336 shares. Iconiq Cap Limited Liability Co reported 30,480 shares or 0.53% of all its holdings.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 37 have Buy rating, 1 Sell and 18 Hold. Therefore 66% are positive. Apple Inc. had 417 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, June 12 by Macquarie Research. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, July 27. As per Thursday, June 15, the company rating was maintained by Barclays Capital. On Tuesday, June 6 the stock rating was maintained by Oppenheimer with “Hold”. Needham maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, February 2. Needham has “Buy” rating and $210.0 target. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by UBS on Wednesday, May 11. On Friday, February 12 the stock rating was maintained by FBR Capital with “Outperform”. On Wednesday, July 27 the stock rating was maintained by BTIG Research with “Buy”. The rating was maintained by Needham on Thursday, July 27 with “Buy”. The firm earned “Market Perform” rating on Thursday, September 8 by Wells Fargo.

Since December 7, 2017, it had 0 insider purchases, and 10 sales for $47.05 million activity. On Thursday, May 17 Riccio Daniel J. sold $3.26M worth of Apple Inc. (NASDAQ:AAPL) or 17,372 shares. 69,491 shares were sold by SCHILLER PHILIP W, worth $11.56 million. Another trade for 38,228 shares valued at $6.75M was made by AHRENDTS ANGELA J on Thursday, May 3. Maestri Luca also sold $6.83 million worth of Apple Inc. (NASDAQ:AAPL) on Thursday, April 12. 4,867 shares were sold by KONDO CHRIS, worth $910,129 on Wednesday, May 16. Another trade for 35,000 shares valued at $6.51 million was sold by LEVINSON ARTHUR D.

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