Allan Muto the EVP and CFO of ESSA Bancorp, Inc. (ESSA) Unloaded 8,056 Shares of the Company; Falcon Edge Capital LP Cut Facebook (FB) Stake

March 14, 2018 - By Richard Conner

Falcon Edge Capital Lp decreased Facebook Inc (FB) stake by 21.77% reported in 2017Q3 SEC filing. Falcon Edge Capital Lp sold 47,400 shares as Facebook Inc (FB)’s stock rose 10.88%. The Falcon Edge Capital Lp holds 170,300 shares with $29.10 million value, down from 217,700 last quarter. Facebook Inc now has $528.36 billion valuation. The stock decreased 1.56% or $2.88 during the last trading session, reaching $181.88. About 18.07M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since March 14, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Allan Muto, EVP and CFO of Essa Bancorp Inc, in an insider selling trade unloaded some 8,056 shares whose value is estimated to be $116,232 at average stock price of $14.4. He also unloaded 11,944 shares that are worth approx $171,994 USD in the last 30 days. At the moment, he owns 109,301 shares or 1.06% of the Company’s market cap. Details about the deal dated March 13, 2018, could be found ready for use in a legally required form on the SEC website here.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.06, from 1.15 in 2017Q2. It improved, 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. Pettyjohn Wood & White holds 0.2% or 3,095 shares. Halsey Assoc Ct reported 96,372 shares. Gyroscope Capital Management Group Limited Liability Company invested in 0.18% or 2,125 shares. Toth Advisory Corp reported 5,995 shares stake. Busey Trust owns 107,695 shares or 2.2% of their US portfolio. Waddell And Reed holds 1.95% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 5.14M shares. Baker Avenue Asset Mngmt Limited Partnership holds 0.05% in Facebook, Inc. (NASDAQ:FB) or 2,461 shares. Clal Ins Enter Hldgs reported 616,696 shares stake. Ruane Cunniff Goldfarb Inc reported 0.46% stake. Outfitter Advisors reported 22,840 shares or 1.37% of all its holdings. Parsons Cap Management Inc Ri owns 4,566 shares. Winslow Capital Management Ltd holds 4.04% or 4.39 million shares in its portfolio. Berkshire Asset Management Limited Liability Co Pa holds 2,400 shares or 0.05% of its portfolio. Private Wealth Advsrs Incorporated holds 1.4% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 20,018 shares. Synovus Fincl has invested 0.3% in Facebook, Inc. (NASDAQ:FB).

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. Wedbush maintained the stock with “Outperform” rating in Thursday, November 3 report. BMO Capital Markets maintained Facebook, Inc. (NASDAQ:FB) on Thursday, February 1 with “Hold” rating. The firm has “Market Perform” rating given on Thursday, November 3 by BMO Capital Markets. The stock of Facebook, Inc. (NASDAQ:FB) earned “Outperform” rating by FBR Capital on Thursday, January 28. BMO Capital Markets maintained Facebook, Inc. (NASDAQ:FB) rating on Wednesday, November 22. BMO Capital Markets has “Hold” rating and $170.0 target. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, July 27 by Needham. William Blair maintained the shares of FB in report on Thursday, July 20 with “Buy” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, October 3. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Friday, January 12 by RBC Capital Markets. Pivotal Research maintained the shares of FB in report on Thursday, April 28 with “Buy” rating.

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 $4.07 billion for 32.48 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 September 19, 2017, it had 0 insider buys, and 38 selling transactions for $1.04 billion activity. Zuckerberg Mark sold $42.50M worth of stock. FISCHER DAVID B. sold 17,830 shares worth $3.29 million. Koum Jan sold 1.25M shares worth $221.33M. Schroepfer Michael Todd also sold $6.64M worth of Facebook, Inc. (NASDAQ:FB) on Tuesday, February 13. Stretch Colin also sold $128,552 worth of Facebook, Inc. (NASDAQ:FB) shares. On Monday, October 23 Cox Christopher K sold $2.80M worth of Facebook, Inc. (NASDAQ:FB) or 16,000 shares. 55,000 Facebook, Inc. (NASDAQ:FB) shares with value of $9.75 million were sold by Sandberg Sheryl.

ESSA Bancorp, Inc. operates as the holding firm for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company has market cap of $148.26 million. The Company’s deposit products include savings accounts, interest bearing demand accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as commercial checking accounts for businesses. It has a 40.79 P/E ratio. The company??s loan portfolio comprises first mortgage loans for the purchase, construction, or refinancing of one- to four-family residential real estate property; commercial real estate loans; home equity loans and lines of credit; and commercial and consumer loans, including indirect auto loans, as well as loans secured by deposits and personal unsecured loans.

Since September 18, 2017, it had 0 buys, and 7 sales for $617,557 activity. $171,994 worth of ESSA Bancorp, Inc. (NASDAQ:ESSA) was sold by Muto Allan A. On Friday, March 9 Selitto Robert L sold $8,503 worth of ESSA Bancorp, Inc. (NASDAQ:ESSA) or 595 shares. The insider Olson Gary S sold 8,000 shares worth $120,560. The insider Grayuski Thomas J sold 121 shares worth $1,966.

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