Redwood Investments LLC Decreased Facebook INC (FB) Holding by $7.15 Million as Share Price Rose

July 18, 2017 - By Peter Erickson

Investors sentiment decreased to 1.25 in 2016 Q4. Its down 0.15, from 1.4 in 2016Q3. It turned negative, 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. Williams Jones & Ltd Llc invested 2.11% in Facebook Inc (NASDAQ:FB). 33,214 were reported by Riverpark Capital Mngmt Ltd Liability Corp. Proshare Advsrs Limited Liability holds 1.09% or 858,571 shares in its portfolio. Parallax Volatility Advisers Lp invested in 0.18% or 801,789 shares. Brown Advisory Securities Limited Liability owns 1.09% invested in Facebook Inc (NASDAQ:FB) for 34,659 shares. Tanaka Capital Inc holds 0.04% in Facebook Inc (NASDAQ:FB) or 140 shares. Flow Traders Us Ltd, a New York-based fund reported 81 shares. Dixon Hubard Feinour Brown Va has invested 2.11% of its portfolio in Facebook Inc (NASDAQ:FB). The United Kingdom-based Findlay Park Partners Limited Liability Partnership has invested 0.73% in Facebook Inc (NASDAQ:FB). Allen Inv Lc owns 36,744 shares for 0.29% of their portfolio. Rafferty Asset Limited Liability Com, New York-based fund reported 12,269 shares. Everence Management invested in 1.53% or 46,207 shares. Moreover, Ftb Advsrs Inc has 0.1% invested in Facebook Inc (NASDAQ:FB) for 6,314 shares. Roberts Glore & Il, Illinois-based fund reported 2,184 shares. Callahan Ltd reported 1.07% stake.

Since January 20, 2017, it had 0 insider purchases, and 60 selling transactions for $1.70 billion activity. Stretch Colin sold $99,277 worth of stock or 750 shares. $99.39 million worth of Facebook Inc (NASDAQ:FB) was sold by Koum Jan. Cox Christopher K sold $2.12M worth of stock. Zuckerberg Mark had sold 380,636 shares worth $52.50M. $30,236 worth of Facebook Inc (NASDAQ:FB) was sold by Desmond-Hellmann Susan on Thursday, May 18. 37,919 shares were sold by Schroepfer Michael Todd, worth $5.73 million. On Friday, January 20 Sandberg Sheryl sold $43.62M worth of Facebook Inc (NASDAQ:FB) or 327,000 shares.

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 $25.99M, 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 $756.78 million 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 $22.96 million in 2016Q4, according to the filing.

Wall Street await Facebook Inc (NASDAQ:FB) to release earnings on July, 26. Analysts forecast EPS of $1.05, up exactly $0.29 or 38.16 % from 2014’s $0.76 EPS. The expected FB’s profit could reach $3.06B giving the stock 38.03 P/E in the case that $1.05 earnings per share is reported. After posting $1.04 EPS for the previous quarter, Facebook Inc’s analysts now forecast 0.96 % EPS growth.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Investorplace.com which released: “Is Facebook Inc (FB) Stock Really as Strong as We Think?” on July 14, 2017, also Finance.Yahoo.com with their article: “Facebook Inc (FB) Is the Only Social Media Stock That Matters” published on July 12, 2017, Investorplace.com published: “Facebook Inc (FB) Stock’s Growth Will Be Rooted in Instagram” on July 17, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Investorplace.com and their article: “Facebook Inc. (FB) Moves for World Advertiser Domination” published on July 13, 2017 as well as Fool.com‘s news article titled: “Facebook, Inc. Hits 2 Billion Users — But It Won’t Stop There” with publication date: June 27, 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. FBR Capital maintained Facebook Inc (NASDAQ:FB) on Thursday, January 28 with “Outperform” rating. Bank of America maintained the shares of FB in report on Sunday, August 16 with “Buy” rating. The firm has “Buy” rating given on Tuesday, July 28 by Axiom Capital. The stock has “Buy” rating by Suntrust Robinson on Monday, January 25. Mizuho maintained Facebook Inc (NASDAQ:FB) rating on Thursday, February 2. Mizuho has “Buy” rating and $148 target. Credit Suisse maintained it with “Outperform” rating and $115 target in Friday, October 9 report. The firm has “Strong Buy” rating given on Friday, January 13 by Raymond James. The firm has “Buy” rating by Axiom Capital given on Thursday, November 3. Piper Jaffray maintained Facebook Inc (NASDAQ:FB) on Thursday, January 28 with “Overweight” rating. The company was maintained on Thursday, July 30 by Mizuho.

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