Price T Rowe Associates Cut Its Position in Weyerhaeuser Co (WY) by $7.49 Million; Facebook (FB) Stock Value Declined While Riverpark Advisors Lifted by $22.44 Million Its Position

June 16, 2018 - By Peter Erickson

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Riverpark Advisors Llc increased its stake in Facebook Inc (FB) by 409.74% based on its latest 2018Q1 regulatory filing with the SEC. Riverpark Advisors Llc bought 141,155 shares as the company’s stock declined 0.01% with the market. The institutional investor held 175,605 shares of the technology company at the end of 2018Q1, valued at $28.06 million, up from 34,450 at the end of the previous reported quarter. Riverpark Advisors Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $566.91 billion market cap company. The stock decreased 0.49% or $0.96 during the last trading session, reaching $195.85. About 21.86M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 16, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 22/03/2018 – Suspended Cambridge Analytica CEO recalled by British parliamentary committee; 04/04/2018 – Facebook Founder Zuckerberg to Face Privacy Questions at House Committee Hearing; 27/03/2018 – Financial Post: Facebook CEO Mark Zuckerberg has decided to testify before Congress to quiet criticism; 22/05/2018 – READY TO MAKE SIGNIFICANT INVESTMENTS TO KEEP PEOPLE SAFE-ZUCKERBERG; 12/04/2018 – BACKSTORY-Putting a spotlight on Facebook; 10/04/2018 – YouTube and Facebook Are Losing Creators to Blockchain Rivals; 27/03/2018 – Daily Trust: BREAKING: EU gives Facebook 2 weeks to answer data scanda; 10/04/2018 – Mark Zuckerberg Testimony: Senators Question Facebook’s Commitment to Privacy; 21/05/2018 – MetLife Investment Management, The John Buck Company and Golub & Company Announce Facebook Lease of Park Tower in San Francisco; 11/04/2018 – Dealbook: Did Mark Zuckerberg Do Enough to Protect Facebook?: DealBook Briefing

Price T Rowe Associates Inc decreased its stake in Weyerhaeuser Co (WY) by 0.82% based on its latest 2018Q1 regulatory filing with the SEC. Price T Rowe Associates Inc sold 220,254 shares as the company’s stock rose 3.62% while stock markets declined. The institutional investor held 26.58 million shares of the real estate investment trusts company at the end of 2018Q1, valued at $930.17M, down from 26.80 million at the end of the previous reported quarter. Price T Rowe Associates Inc who had been investing in Weyerhaeuser Co for a number of months, seems to be less bullish one the $27.97 billion market cap company. The stock decreased 0.83% or $0.31 during the last trading session, reaching $36.95. About 5.42M shares traded or 31.67% up from the average. Weyerhaeuser Company (NYSE:WY) has risen 11.40% since June 16, 2017 and is uptrending. It has underperformed by 1.17% the S&P500.

Analysts await Weyerhaeuser Company (NYSE:WY) to report earnings on July, 27. They expect $0.41 EPS, up 46.43% or $0.13 from last year’s $0.28 per share. WY’s profit will be $310.38M for 22.53 P/E if the $0.41 EPS becomes a reality. After $0.36 actual EPS reported by Weyerhaeuser Company for the previous quarter, Wall Street now forecasts 13.89% EPS growth.

Investors sentiment decreased to 0.94 in 2018 Q1. Its down 0.20, from 1.14 in 2017Q4. It turned negative, as 58 investors sold WY shares while 284 reduced holdings. 67 funds opened positions while 256 raised stakes. 556.76 million shares or 2.10% more from 545.30 million shares in 2017Q4 were reported. 658 are owned by Baystate Wealth Mgmt Limited Liability. Pitcairn reported 0.04% of its portfolio in Weyerhaeuser Company (NYSE:WY). Community Trust & Inv invested 0.04% in Weyerhaeuser Company (NYSE:WY). Finance has invested 0.01% in Weyerhaeuser Company (NYSE:WY). Greystone Invest Mngmt Limited holds 0.7% of its portfolio in Weyerhaeuser Company (NYSE:WY) for 43,285 shares. Cadence Cap Mgmt Limited accumulated 0.11% or 46,473 shares. Plante Moran Advisors holds 0.01% of its portfolio in Weyerhaeuser Company (NYSE:WY) for 528 shares. Fisher Asset Limited Liability Corp has 0.02% invested in Weyerhaeuser Company (NYSE:WY) for 374,490 shares. Utd Svcs Automobile Association stated it has 236,742 shares or 0.02% of all its holdings. Comerica Commercial Bank stated it has 0.07% in Weyerhaeuser Company (NYSE:WY). River Road Asset Limited holds 0.97% or 1.37 million shares. Pinnacle Financial Partners reported 70,493 shares. Advsrs Asset reported 0% of its portfolio in Weyerhaeuser Company (NYSE:WY). 36,995 are held by Evanson Asset Management Ltd Liability. Prentiss Smith And Company holds 0.01% of its portfolio in Weyerhaeuser Company (NYSE:WY) for 808 shares.

Among 14 analysts covering Weyerhaeuser Company (NYSE:WY), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Weyerhaeuser Company had 36 analyst reports since September 11, 2015 according to SRatingsIntel. UBS upgraded the stock to “Neutral” rating in Friday, October 9 report. CLSA upgraded the stock to “Outperform” rating in Friday, November 13 report. The firm has “Underperform” rating by CLSA given on Thursday, December 15. The firm earned “Buy” rating on Thursday, September 22 by Goldman Sachs. The firm has “Buy” rating by BMO Capital Markets given on Thursday, April 13. Bank of America downgraded the shares of WY in report on Wednesday, July 5 to “Neutral” rating. Bank of America upgraded the shares of WY in report on Tuesday, September 15 to “Buy” rating. Argus Research maintained Weyerhaeuser Company (NYSE:WY) on Tuesday, March 15 with “Buy” rating. As per Wednesday, September 27, the company rating was maintained by BMO Capital Markets. BMO Capital Markets downgraded the shares of WY in report on Monday, August 14 to “Market Perform” rating.

Price T Rowe Associates Inc, which manages about $629.43B US Long portfolio, upped its stake in Raymond James Financial Inc (NYSE:RJF) by 879,217 shares to 1.10 million shares, valued at $98.55 million in 2018Q1, according to the filing. It also increased its holding in Cubic Corp (NYSE:CUB) by 1.47M shares in the quarter, for a total of 2.09M shares, and has risen its stake in Advanced Energy Inds (NASDAQ:AEIS).

Since December 19, 2017, it had 0 buys, and 70 sales for $3.12 billion activity. Zuckerberg Mark sold $69.56M worth of stock or 397,200 shares. $231.84 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Koum Jan on Monday, May 14. The insider Schroepfer Michael Todd sold $6.64M. 750 Facebook, Inc. (NASDAQ:FB) shares with value of $143,250 were sold by Stretch Colin. Shares for $3.36M were sold by FISCHER DAVID B.. Cox Christopher K also sold $1.96M worth of Facebook, Inc. (NASDAQ:FB) on Tuesday, May 22.

Riverpark Advisors Llc, which manages about $2.88 billion and $519.42 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 39,037 shares to 203,590 shares, valued at $34.16M in 2018Q1, according to the filing. It also reduced its holding in Celgene Corp (NASDAQ:CELG) by 38,000 shares in the quarter, leaving it with 179,000 shares, and cut its stake in Liberty Interactive Corp (NASDAQ:QVCA).

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Nasdaq.com which released: “The Biggest News at Apple’s Developer Conference Was for Facebook Investors” on June 15, 2018, also Seekingalpha.com with their article: “Facebook to invest $750M in new Alabama data center” published on June 14, 2018, Livetradingnews.com published: “Facebook, Inc. (NASDAQ:FB) Social network is now worth more than $565 billion” on June 15, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “Best Tech Stock: Facebook Vs. Microsoft” published on June 12, 2018 as well as Nasdaq.com‘s news article titled: “Canadian Consumers Boycotting American Goods Is a Big Nothing Burger” with publication date: June 15, 2018.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 273 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained Facebook, Inc. (NASDAQ:FB) rating on Tuesday, March 20. Credit Suisse has “Buy” rating and $240.0 target. The firm has “Buy” rating given on Thursday, April 28 by Canaccord Genuity. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, November 2. The rating was maintained by KeyBanc Capital Markets with “Buy” on Tuesday, October 3. The stock has “Buy” rating by GBH Insights on Thursday, January 25. Credit Suisse maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, November 2. Credit Suisse has “Buy” rating and $230.0 target. The firm earned “Overweight” rating on Thursday, April 26 by Barclays Capital. The company was maintained on Monday, April 16 by BMO Capital Markets. As per Thursday, February 1, the company rating was maintained by Robert W. Baird. The stock has “Buy” rating by Cowen & Co on Thursday, March 22.

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