As Facebook INC (FB) Market Valuation Rose, Alphaone Investment Services LLC Has Lifted Stake by $4.30 Million

December 8, 2017 - By Marguerite Chambers

Investors sentiment increased to 1.4 in Q2 2017. Its up 0.05, from 1.35 in 2017Q1. It improved, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported. National Bank Of Ny Mellon has invested 1.02% in Facebook, Inc. (NASDAQ:FB). Kings Point holds 0.08% in Facebook, Inc. (NASDAQ:FB) or 2,256 shares. Ghp Inv Advisors holds 2,259 shares. Boulegeris accumulated 0.63% or 7,430 shares. Adirondack Tru Co invested in 0.68% or 5,573 shares. Linscomb Williams holds 0.09% or 6,332 shares in its portfolio. Sumitomo Life Ins Communications has invested 1.79% in Facebook, Inc. (NASDAQ:FB). Wealthfront owns 285,342 shares for 0.66% of their portfolio. Amer Rech And holds 0.12% in Facebook, Inc. (NASDAQ:FB) or 2,359 shares. Barr E S & reported 0.04% in Facebook, Inc. (NASDAQ:FB). Toth Financial Advisory Corporation has invested 0.23% of its portfolio in Facebook, Inc. (NASDAQ:FB). Advisors Inc Ok owns 2,094 shares. Courage Mgmt has invested 0.7% of its portfolio in Facebook, Inc. (NASDAQ:FB). Bnp Paribas Asset Mgmt owns 767,684 shares. 19,104 are held by Epoch Inv Prtnrs.

Since June 8, 2017, it had 0 insider purchases, and 2 selling transactions for $5.82 million activity. 37,922 shares were sold by Schroepfer Michael Todd, worth $5.71 million. Shares for $112,689 were sold by Stretch Colin on Tuesday, June 13.

Alphaone Investment Services Llc increased its stake in Facebook Inc (FB) by 49.4% based on its latest 2017Q2 regulatory filing with the SEC. Alphaone Investment Services Llc bought 28,650 shares as the company’s stock rose 10.88% with the market. The institutional investor held 86,650 shares of the technology company at the end of 2017Q2, valued at $13.08M, up from 58,000 at the end of the previous reported quarter. Alphaone Investment Services Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $523.45B market cap company. The stock increased 2.32% or $4.08 during the last trading session, reaching $180.14. About 20.40 million shares traded or 27.71% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since December 8, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Alphaone Investment Services Llc, which manages about $491.59M and $371.48M US Long portfolio, decreased its stake in Cisco Sys Inc (NASDAQ:CSCO) by 345,130 shares to 8,870 shares, valued at $278,000 in 2017Q2, according to the filing.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Investorplace.com which released: “Thursday’s Vital Data: Facebook Inc (FB), Advanced Micro Devices, Inc. (AMD …” on December 07, 2017, also Investorplace.com with their article: “Why It’s Time to Buy the Dip in Facebook Inc Stock Once Again” published on December 06, 2017, Valuewalk.com published: “Glassdoor Names Facebook Inc As Best Place To Work In 2018” on December 06, 2017. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Nasdaq.com and their article: “Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $42.5 million of Shares” published on November 30, 2017 as well as Fool.com‘s news article titled: “Why 2017 Was a Year to Remember for Facebook Inc.” with publication date: November 16, 2017.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 210 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust maintained the shares of FB in report on Thursday, April 28 with “Buy” rating. The firm has “Outperform” rating given on Thursday, April 28 by Oppenheimer. BTIG Research downgraded the shares of FB in report on Friday, July 22 to “Neutral” rating. Mizuho maintained the shares of FB in report on Thursday, November 3 with “Buy” rating. As per Thursday, April 28, the company rating was maintained by JP Morgan. On Thursday, July 30 the stock rating was maintained by Monness Crespi & Hardt with “Buy”. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Wednesday, October 11 by Credit Suisse. As per Tuesday, June 20, the company rating was maintained by Cantor Fitzgerald. The company was upgraded on Tuesday, July 21 by Bank of America. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by William Blair on Thursday, July 20.

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