Redwood Investments LLC Holding in Facebook INC (FB) Has Cut by $7.15 Million as Stock Price Rose

July 18, 2017 - By Linda Rogers

Investors sentiment decreased to 1.25 in Q4 2016. Its down 0.15, from 1.4 in 2016Q3. It worsened, as 88 investors sold FB shares while 531 reduced holdings. 156 funds opened positions while 618 raised stakes. 1.60 billion shares or 1.23% more from 1.58 billion shares in 2016Q3 were reported. Moreover, Highlander Cap Limited Liability Com has 0.71% invested in Facebook Inc (NASDAQ:FB). M&R Capital Mgmt reported 0.48% in Facebook Inc (NASDAQ:FB). Neuberger Berman Ltd Liability reported 0.25% stake. Kingdon Mngmt Ltd Llc accumulated 1.15% or 206,668 shares. 33,252 are held by Natl Planning Corporation. Crestpoint Capital Limited Co holds 1.11% or 19,200 shares. 12,127 are owned by Hoertkorn Richard Charles. Sumitomo Mitsui Asset Management Company invested in 2.18% or 987,707 shares. Granite Investment Ptnrs Limited Com accumulated 1.5% or 176,967 shares. Howard Hughes Institute has invested 0.83% in Facebook Inc (NASDAQ:FB). Savant Limited Liability reported 9,386 shares or 0.29% of all its holdings. Van Hulzen Asset Limited Com reported 1.46% in Facebook Inc (NASDAQ:FB). Old Second State Bank Of Aurora owns 0.06% invested in Facebook Inc (NASDAQ:FB) for 1,140 shares. Cowen Grp Incorporated holds 7,273 shares or 0.03% of its portfolio. Sequoia Fincl Advsr Ltd holds 0.15% or 9,100 shares in its portfolio.

Since January 20, 2017, it had 0 insider buys, and 60 sales for $1.70 billion activity. Stretch Colin sold $100,108 worth of Facebook Inc (NASDAQ:FB) on Tuesday, February 21. Schroepfer Michael Todd sold $5.27 million worth of stock. Sandberg Sheryl had sold 327,000 shares worth $45.54M. Cox Christopher K also sold $2.05M worth of Facebook Inc (NASDAQ:FB) shares. $99.39 million worth of Facebook Inc (NASDAQ:FB) shares were sold by Koum Jan. Desmond-Hellmann Susan had sold 209 shares worth $30,236. 279,533 shares were sold by Zuckerberg Mark, worth $42.50M on Friday, May 26.

Redwood Investments Llc decreased its stake in Facebook Inc (FB) by 21.58% based on its latest 2016Q4 regulatory filing with the SEC. Redwood Investments Llc sold 62,178 shares as the company’s stock rose 10.88% with the market. The institutional investor held 225,940 shares of the technology company at the end of 2016Q4, valued at $25.99 million, down from 288,118 at the end of the previous reported quarter. Redwood Investments Llc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $464.99B market cap company. The stock decreased 0.15% or $0.24 during the last trading session, reaching $159.73. About 10,312 shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since July 18, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Redwood Investments Llc, which manages about $756.78M and $1.11 billion US Long portfolio, upped its stake in Amazon.Com Inc (NASDAQ:AMZN) by 19,426 shares to 30,614 shares, valued at $22.96M in 2016Q4, according to the filing.

Analysts expect Facebook Inc (NASDAQ:FB) to report $1.05 EPS on July, 26.They anticipate $0.29 EPS change or 38.16 % from last quarter’s $0.76 EPS. FB’s profit would be $3.06 billion giving it 38.03 P/E if the $1.05 EPS is correct. After having $1.04 EPS previously, Facebook Inc’s analysts see 0.96 % EPS growth.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Usnews.com which released: “Facebook: 2 Billion Users and Counting” on June 28, 2017, also Investorplace.com with their article: “Facebook Inc. (FB) Moves for World Advertiser Domination” published on July 13, 2017, Investorplace.com published: “Facebook Inc (FB) Doubles Down on App Advertising” on July 18, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Fool.com and their article: “Facebook, Inc. Hits 2 Billion Users — But It Won’t Stop There” published on June 27, 2017 as well as Fool.com‘s news article titled: “Facebook, Inc. Nears 2 Billion Users” with publication date: June 22, 2017.

Facebook Inc (NASDAQ:FB) Ratings Coverage

Among 47 analysts covering Facebook (NASDAQ:FB), 44 have Buy rating, 1 Sell and 2 Hold. Therefore 94% are positive. Facebook has $19200 highest and $88 lowest target. $148.49’s average target is -7.04% below currents $159.73 stock price. Facebook had 132 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, April 28 the stock rating was maintained by Susquehanna with “Positive”. The firm has “Sell” rating by Jyske Bank given on Friday, October 30. The stock of Facebook Inc (NASDAQ:FB) has “Buy” rating given on Thursday, November 5 by Pivotal Research. Canaccord Genuity maintained Facebook Inc (NASDAQ:FB) on Thursday, November 5 with “Buy” rating. Oppenheimer maintained the stock with “Outperform” rating in Thursday, April 28 report. Oppenheimer maintained Facebook Inc (NASDAQ:FB) on Thursday, November 5 with “Outperform” rating. The rating was maintained by Wedbush with “Outperform” on Thursday, April 28. The firm has “Buy” rating given on Monday, July 10 by Credit Suisse. The firm earned “Buy” rating on Thursday, April 28 by Deutsche Bank. As per Thursday, February 2, the company rating was downgraded by Pivotal Research.

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