Dixon Hubard Feinour & Brown Has Cut Facebook (FB) Position by $343,400; Stock Rose; As Ellie Mae (ELLI) Share Price Rose, Tekne Capital Management Boosted Its Stake

February 23, 2018 - By Dolores Ford

Beeneet Kothari increased its stake in Ellie Mae Inc (ELLI) by 35.8% based on its latest 2017Q3 regulatory filing with the SEC. Tekne Capital Management Llc bought 113,237 shares as the company’s stock rose 15.16% with the market. The hedge fund run by Beeneet Kothari held 429,539 shares of the technology company at the end of 2017Q3, valued at $35.28 million, up from 316,302 at the end of the previous reported quarter. Tekne Capital Management Llc who had been investing in Ellie Mae Inc for a number of months, seems to be bullish on the $3.16 billion market cap company. The stock increased 0.84% or $0.77 during the last trading session, reaching $92.24. About 189,546 shares traded. Ellie Mae, Inc. (NYSE:ELLI) has risen 37.10% since February 23, 2017 and is uptrending. It has outperformed by 20.40% the S&P500.

Dixon Hubard Feinour & Brown Inc decreased its stake in Facebook Inc (FB) by 3.55% based on its latest 2017Q3 regulatory filing with the SEC. Dixon Hubard Feinour & Brown Inc sold 2,020 shares as the company’s stock rose 10.88% with the market. The institutional investor held 54,875 shares of the technology company at the end of 2017Q3, valued at $9.38M, down from 56,895 at the end of the previous reported quarter. Dixon Hubard Feinour & Brown Inc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $531.47 billion market cap company. The stock increased 2.21% or $3.96 during the last trading session, reaching $182.95. About 16.27M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 23, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

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 32.67 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.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It is negative, 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. Wright Invsts Inc reported 1.89% stake. 68,557 were reported by Marietta Inv Prtnrs Ltd Liability Co. Tekne Capital Management Ltd Liability has 235,321 shares. Arrowgrass Capital (Us) LP invested 1.09% in Facebook, Inc. (NASDAQ:FB). Commerce Comml Bank owns 366,125 shares. Morgan Stanley invested 1.29% in Facebook, Inc. (NASDAQ:FB). Jacobs And Company Ca accumulated 76,349 shares. Cls Investments Limited Liability Corporation reported 0.04% of its portfolio in Facebook, Inc. (NASDAQ:FB). Burney accumulated 32,808 shares. Clear Harbor Asset Mgmt Limited Liability Corporation owns 4,016 shares for 0.14% of their portfolio. Reliance Of Delaware, a Delaware-based fund reported 8,760 shares. Mirae Asset Global accumulated 555,279 shares or 1.72% of the stock. Palo reported 0.78% stake. Confluence Wealth Ltd Company owns 9,732 shares. Pointstate Lp owns 2.82M shares.

Since August 24, 2017, it had 0 insider purchases, and 35 sales for $735.05 million activity. 750 shares were sold by Stretch Colin, worth $134,125 on Tuesday, December 12. $39.03 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Zuckerberg Mark on Wednesday, February 14. 38,017 shares valued at $7.14M were sold by Schroepfer Michael Todd on Tuesday, January 9. $2.75 million worth of Facebook, Inc. (NASDAQ:FB) shares were sold by FISCHER DAVID B.. $221.33M worth of Facebook, Inc. (NASDAQ:FB) was sold by Koum Jan. 55,000 Facebook, Inc. (NASDAQ:FB) shares with value of $9.75 million were 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 Mizuho on Thursday, April 28 with “Buy”. The firm earned “Buy” rating on Monday, January 29 by Deutsche Bank. The firm has “Buy” rating by Cantor Fitzgerald given on Thursday, August 27. The firm has “Buy” rating by SunTrust given on Thursday, October 19. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, July 27 by Cowen & Co. The stock has “Buy” rating by M Partners on Friday, May 13. On Thursday, July 27 the stock rating was maintained by UBS with “Buy”. As per Thursday, April 28, the company rating was maintained by Axiom Capital. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, July 30 report. The stock has “Buy” rating by Monness Crespi & Hardt on Friday, October 27.

Among 17 analysts covering Elli Mae (NYSE:ELLI), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Elli Mae had 54 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained Ellie Mae, Inc. (NYSE:ELLI) on Friday, October 23 with “Outperform” rating. Needham maintained the shares of ELLI in report on Friday, September 1 with “Buy” rating. The rating was maintained by Stephens on Friday, February 9 with “Hold”. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, October 27. The stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Equal Weight” rating by Barclays Capital on Friday, July 29. The company was maintained on Friday, July 31 by Needham. The rating was maintained by KeyBanc Capital Markets on Sunday, November 19 with “Buy”. RBC Capital Markets maintained Ellie Mae, Inc. (NYSE:ELLI) on Friday, February 12 with “Outperform” rating. Oppenheimer maintained the shares of ELLI in report on Wednesday, March 9 with “Outperform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $111 target in Monday, April 24 report.

Since September 1, 2017, it had 0 buys, and 17 sales for $7.20 million activity. On Thursday, February 15 SCHREINER GATES CATHLEEN sold $251,333 worth of Ellie Mae, Inc. (NYSE:ELLI) or 2,817 shares. TYRRELL JOSEPH P. also sold $306,859 worth of Ellie Mae, Inc. (NYSE:ELLI) on Thursday, February 15. 12,000 Ellie Mae, Inc. (NYSE:ELLI) shares with value of $1.07 million were sold by Anderman Sigmund. BLASING KAREN sold $172,800 worth of stock. HIRSCH PETER also sold $183,180 worth of Ellie Mae, Inc. (NYSE:ELLI) shares. LaVay Matthew sold $56,690 worth of stock or 629 shares.

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.08, from 1.02 in 2017Q2. It dived, as 34 investors sold ELLI shares while 54 reduced holdings. 25 funds opened positions while 58 raised stakes. 35.35 million shares or 3.42% more from 34.18 million shares in 2017Q2 were reported. Sei reported 996 shares. First Mercantile Tru Com stated it has 6,265 shares. Ameritas Inv Prns Inc owns 2,972 shares. Shaker Invs Limited Liability Company Oh reported 23,025 shares or 1.32% of all its holdings. Citigroup Incorporated accumulated 0% or 2,867 shares. Asset Mgmt One has 500 shares for 0% of their portfolio. Balyasny Asset Management Ltd Company, a Illinois-based fund reported 41,780 shares. Next Fin invested in 57 shares or 0% of the stock. Parkside Bancorporation & Trust has 611 shares for 0.02% of their portfolio. Eulav Asset Mngmt holds 0.02% or 5,000 shares in its portfolio. Trexquant Inv Ltd Partnership reported 7,017 shares. Raymond James And Associate stated it has 21,851 shares or 0% of all its holdings. California State Teachers Retirement holds 0.01% or 54,222 shares. Ameriprise Inc reported 0.01% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Invesco Ltd reported 18,511 shares stake.

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