First Republic Investment Management INC Stake in Facebook INC (FB) Lifted by $6.16 Million as Shares Declined

July 14, 2018 - By Sheila Pollock

Facebook, Inc. (NASDAQ:FB) LogoInvestors sentiment decreased to 0.87 in Q1 2018. Its down 0.34, from 1.21 in 2017Q4. It dived, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. Sandler Mgmt reported 3,600 shares or 0.07% of all its holdings. Zweig has invested 3.62% in Facebook, Inc. (NASDAQ:FB). Smith Chas P & Associate Pa Cpas has invested 0.05% in Facebook, Inc. (NASDAQ:FB). Pacific Glob Invest invested in 10,405 shares. Polar Capital Ltd Liability Partnership reported 2.52% stake. Lee Danner And Bass Inc invested in 2,073 shares or 0.03% of the stock. Parkwood Ltd Limited Liability Company reported 2.1% stake. Nomura Asset Management Co Ltd owns 841,012 shares for 1.47% of their portfolio. Comerica Retail Bank reported 685,326 shares. Alexandria Cap Limited Liability has 1.36% invested in Facebook, Inc. (NASDAQ:FB). Sumitomo Life Insurance Co reported 1.73% in Facebook, Inc. (NASDAQ:FB). Neuberger Berman Grp Inc Limited Liability holds 2.65 million shares. Rbf Capital holds 1.7% or 89,200 shares in its portfolio. Cambridge Fin Grp has 0% invested in Facebook, Inc. (NASDAQ:FB) for 35,226 shares. 109,434 are owned by First Long Island Limited Liability Corp.

Since January 26, 2018, it had 0 insider buys, and 83 insider sales for $3.90 billion activity. Stretch Colin sold $144,413 worth of Facebook, Inc. (NASDAQ:FB) on Wednesday, June 13. 38,050 shares were sold by Schroepfer Michael Todd, worth $6.64M. Sandberg Sheryl also sold $10.28M worth of Facebook, Inc. (NASDAQ:FB) shares. Another trade for 9,522 shares valued at $1.75M was sold by Wehner David M.. $822,440 worth of stock was sold by FISCHER DAVID B. on Wednesday, April 25. 1.26 million Facebook, Inc. (NASDAQ:FB) shares with value of $231.84 million were sold by Koum Jan.

First Republic Investment Management Inc increased its stake in Facebook Inc (FB) by 3.15% based on its latest 2018Q1 regulatory filing with the SEC. First Republic Investment Management Inc bought 38,713 shares as the company’s stock declined 0.01% with the market. The hedge fund held 1.27M shares of the technology company at the end of 2018Q1, valued at $202.26M, up from 1.23M at the end of the previous reported quarter. First Republic Investment Management Inc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $600.12B market cap company. The stock increased 0.19% or $0.4 during the last trading session, reaching $207.32. About 11.40M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since July 14, 2017 and is uptrending. It has outperformed by 9.12% the S&P500.

First Republic Investment Management Inc, which manages about $25.99 billion and $12.66B US Long portfolio, decreased its stake in Wisdomtree Tr (DXJ) by 164,311 shares to 46,917 shares, valued at $2.63M in 2018Q1, according to the filing. It also reduced its holding in Select Sector Spdr Tr (XLE) by 304,897 shares in the quarter, leaving it with 613,728 shares, and cut its stake in S&P Global Inc.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Livetradingnews.com which released: “Facebook, Inc. (NASDAQ:FB) new all-time highs look like just the beginning” on July 12, 2018, also Benzinga.com with their article: “Nomura Bullish on Alphabet, Facebook, Spotify: ‘Still Some Room For Growth'” published on July 11, 2018, Seekingalpha.com published: “Facebook Hits New All-Time Highs” on July 06, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Livetradingnews.com and their article: “Facebook, Inc. (NASDAQ:FB) SEC probing Facebook on timing of data-leak disclosures” published on July 13, 2018 as well as Schaeffersresearch.com‘s news article titled: “3 Major Price Targets For Facebook Stock” with publication date: July 13, 2018.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 31 analysts covering Facebook Inc (NASDAQ:FB), 28 have Buy rating, 0 Sell and 3 Hold. Therefore 90% are positive. Facebook Inc has $275 highest and $168 lowest target. $225.66’s average target is 8.85% above currents $207.32 stock price. Facebook Inc had 58 analyst reports since January 16, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, March 22 by Cowen & Co. The firm has “Buy” rating given on Tuesday, March 20 by Credit Suisse. Needham maintained it with “Buy” rating and $215.0 target in Tuesday, January 16 report. Tigress Financial maintained the shares of FB in report on Monday, April 30 with “Buy” rating. The stock has “Buy” rating by Susquehanna on Thursday, February 1. As per Thursday, April 12, the company rating was maintained by Cowen & Co. Morgan Stanley maintained the shares of FB in report on Wednesday, April 4 with “Overweight” rating. The firm has “Buy” rating given on Wednesday, April 4 by Wells Fargo. The firm earned “Overweight” rating on Thursday, February 1 by Morgan Stanley. SunTrust maintained the shares of FB in report on Thursday, March 29 with “Buy” rating.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

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