Tpg-Axon Management LP Has Trimmed Facebook (FB) Holding by $2.28 Million as Share Value Rose; Highfields Capital Management LP Trimmed Its Position in Shire Plc (SHPG) by $43.99 Million

February 22, 2018 - By Pete Kolinski

Jonathon Jacobson decreased its stake in Shire Plc (SHPG) by 60.53% based on its latest 2017Q3 regulatory filing with the SEC. Highfields Capital Management Lp sold 287,500 shares as the company’s stock rose 4.45% with the market. The hedge fund run by Jonathon Jacobson held 187,500 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $28.71 million, down from 475,000 at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Shire Plc for a number of months, seems to be less bullish one the $34.49 billion market cap company. The stock increased 1.26% or $1.57 during the last trading session, reaching $126.6. About 200,267 shares traded. Shire plc (NASDAQ:SHPG) has risen 4.69% since February 22, 2017 and is uptrending. It has underperformed by 12.01% the S&P500.

Tpg-Axon Management Lp decreased its stake in Facebook Inc (FB) by 44.08% based on its latest 2017Q3 regulatory filing with the SEC. Tpg-Axon Management Lp sold 13,400 shares as the company’s stock rose 10.88% with the market. The hedge fund held 17,000 shares of the technology company at the end of 2017Q3, valued at $2.91 million, down from 30,400 at the end of the previous reported quarter. Tpg-Axon Management Lp who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $522.34B market cap company. The stock increased 1.07% or $1.8963 during the last trading session, reaching $179.8063. About 1.62M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 22, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It worsened, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Wellington Mngmt Gp Llp, Massachusetts-based fund reported 21.36M shares. Flossbach Von Storch Ag stated it has 624,515 shares. Mark Sheptoff Fin Planning Limited Liability Corp reported 1,656 shares. Thrivent Financial For Lutherans has 2.26M shares for 1.36% of their portfolio. Peak6 Investments LP owns 426,226 shares. Tennessee-based Patten has invested 0.62% in Facebook, Inc. (NASDAQ:FB). Monetary Mngmt Group invested in 2.22% or 30,785 shares. Asset Advsr has 342 shares. Plante Moran Advsr Ltd holds 5,514 shares or 0.56% of its portfolio. Pekin Singer Strauss Asset Management Il invested in 10,959 shares. Advsr Asset Mgmt reported 316,779 shares stake. Vident Advisory Limited Liability Company holds 13,391 shares. Mutual Of America Capital Management Limited Liability Com stated it has 0.81% of its portfolio in Facebook, Inc. (NASDAQ:FB). Signature Finance Management owns 5,992 shares. Check Capital Ca invested in 6,000 shares.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on May, 2. They expect $1.40 earnings per share, up 34.62% or $0.36 from last year’s $1.04 per share. FB’s profit will be $4.07B for 32.11 P/E if the $1.40 EPS becomes a reality. After $2.20 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts -36.36% negative EPS growth.

Since August 24, 2017, it had 0 buys, and 35 selling transactions for $735.05 million activity. FISCHER DAVID B. sold $2.75M worth of Facebook, Inc. (NASDAQ:FB) on Thursday, August 24. The insider Schroepfer Michael Todd sold $4.82 million. 750 Facebook, Inc. (NASDAQ:FB) shares with value of $134,125 were sold by Stretch Colin. 640,754 Facebook, Inc. (NASDAQ:FB) shares with value of $109.70M were sold by Koum Jan. Cox Christopher K also sold $2.80 million worth of Facebook, Inc. (NASDAQ:FB) shares. Another trade for 55,000 shares valued at $9.75 million was sold by Sandberg Sheryl.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Wedbush on Thursday, April 28 with “Outperform”. Stifel Nicolaus maintained Facebook, Inc. (NASDAQ:FB) on Thursday, January 28 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) earned “Hold” rating by Pivotal Research on Thursday, July 27. As per Thursday, October 12, the company rating was maintained by William Blair. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by GBH Insights on Thursday, January 25. As per Thursday, January 4, the company rating was maintained by Cowen & Co. The firm earned “Buy” rating on Thursday, April 28 by Evercore. The firm has “Buy” rating by Wells Fargo given on Wednesday, September 27. The stock of Facebook, Inc. (NASDAQ:FB) has “Outperform” rating given on Thursday, July 30 by Oppenheimer. BTIG Research downgraded Facebook, Inc. (NASDAQ:FB) on Friday, July 22 to “Neutral” rating.

Tpg-Axon Management Lp, which manages about $5.78 billion and $120.05M US Long portfolio, upped its stake in Alphabet Inc by 1,880 shares to 5,780 shares, valued at $5.54M in 2017Q3, according to the filing.

Analysts await Shire plc (NASDAQ:SHPG) to report earnings on May, 1. They expect $3.65 EPS, up 0.55% or $0.02 from last year’s $3.63 per share. SHPG’s profit will be $994.29 million for 8.67 P/E if the $3.65 EPS becomes a reality. After $3.98 actual EPS reported by Shire plc for the previous quarter, Wall Street now forecasts -8.29% negative EPS growth.

Highfields Capital Management Lp, which manages about $22.71B and $11.61B US Long portfolio, upped its stake in Monsanto Co New (NYSE:MON) by 171,277 shares to 5.28 million shares, valued at $633.18M in 2017Q3, according to the filing. It also increased its holding in Nvidia Corp (NASDAQ:NVDA) by 625,000 shares in the quarter, for a total of 725,000 shares, and has risen its stake in Spdr S&P 500 Etf Tr (SPY).

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