Arrow Financial Stake in Facebook (FB) Has Cut by $502,480; As Anthem (ANTM) Shares Declined, Loews Lowered Its Holding by $5.29 Million

April 23, 2018 - By Linda Rogers

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Arrow Financial Corp decreased its stake in Facebook Inc (FB) by 5.37% based on its latest 2017Q4 regulatory filing with the SEC. Arrow Financial Corp sold 2,855 shares as the company’s stock declined 14.10% with the market. The institutional investor held 50,272 shares of the technology company at the end of 2017Q4, valued at $8.87M, down from 53,127 at the end of the previous reported quarter. Arrow Financial Corp who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $482.11 billion market cap company. The stock decreased 1.08% or $1.82 during the last trading session, reaching $166.28. About 19.12 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since April 23, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Loews Corp decreased its stake in Anthem Inc (ANTM) by 57.88% based on its latest 2017Q4 regulatory filing with the SEC. Loews Corp sold 23,500 shares as the company’s stock declined 2.73% with the market. The institutional investor held 17,100 shares of the health care company at the end of 2017Q4, valued at $3.85M, down from 40,600 at the end of the previous reported quarter. Loews Corp who had been investing in Anthem Inc for a number of months, seems to be less bullish one the $57.84 billion market cap company. The stock decreased 0.70% or $1.6 during the last trading session, reaching $226.07. About 1.13M shares traded. Anthem, Inc. (NYSE:ANTM) has risen 35.30% since April 23, 2017 and is uptrending. It has outperformed by 23.75% the S&P500.

Among 55 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 3 Hold. Therefore 91% are positive. Facebook had 254 analyst reports since July 21, 2015 according to SRatingsIntel. Wedbush maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, November 3. Wedbush has “Outperform” rating and $162 target. The stock has “Buy” rating by Credit Suisse on Thursday, July 27. On Tuesday, September 8 the stock rating was initiated by Moffett Nathanson with “Buy”. The firm has “Buy” rating given on Wednesday, April 4 by Wells Fargo. The rating was maintained by RBC Capital Markets on Wednesday, June 7 with “Buy”. Morgan Stanley maintained it with “Overweight” rating and $120 target in Thursday, November 5 report. The firm earned “Buy” rating on Tuesday, July 28 by Axiom Capital. Susquehanna initiated the stock with “Positive” rating in Monday, August 10 report. Wedbush reinitiated it with “Outperform” rating and $115 target in Thursday, October 1 report. The rating was maintained by Citigroup with “Buy” on Thursday, April 28.

Since October 24, 2017, it had 0 insider buys, and 42 insider sales for $1.42 billion activity. $221.33M worth of stock was sold by Koum Jan on Thursday, February 15. Another trade for 14,901 shares valued at $2.66M was made by Wehner David M. on Thursday, February 22. FISCHER DAVID B. had sold 5,587 shares worth $1.05M. Schroepfer Michael Todd sold 38,042 shares worth $6.77 million. Sandberg Sheryl sold $10.07M worth of Facebook, Inc. (NASDAQ:FB) on Thursday, March 15. Stretch Colin had sold 750 shares worth $129,325 on Tuesday, October 24.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on April, 25 after the close. They expect $1.36 earnings per share, up 30.77% or $0.32 from last year’s $1.04 per share. FB’s profit will be $3.94 billion for 30.57 P/E if the $1.36 EPS becomes a reality. After $2.20 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts -38.18% negative EPS growth.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.06, from 1.15 in 2017Q3. It is positive, as 57 investors sold FB shares while 621 reduced holdings. 147 funds opened positions while 670 raised stakes. 1.61 billion shares or 1.26% less from 1.63 billion shares in 2017Q3 were reported. Shelton Mngmt reported 3.02% in Facebook, Inc. (NASDAQ:FB). Chilton Cap Ltd Liability invested in 98,627 shares or 1.59% of the stock. Barr E S And has invested 0.05% in Facebook, Inc. (NASDAQ:FB). Menora Mivtachim Hldg invested in 0.85% or 124,475 shares. Fincl Architects invested 0.69% in Facebook, Inc. (NASDAQ:FB). Stillwater Advsrs Ltd invested in 0.12% or 2,823 shares. Company Bancorp invested in 0.86% or 373,816 shares. Horizon Lc, a Indiana-based fund reported 21,433 shares. Cleararc Inc owns 60,959 shares. Scge Lp, California-based fund reported 375,000 shares. 83,679 were reported by Btg Pactual Glob Asset Ltd. Hanson Mcclain stated it has 0.06% of its portfolio in Facebook, Inc. (NASDAQ:FB). The Massachusetts-based Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma has invested 1.24% in Facebook, Inc. (NASDAQ:FB). New York-based Nokota Mngmt LP has invested 1.73% in Facebook, Inc. (NASDAQ:FB). Interocean Limited Liability Company reported 0.16% stake.

Analysts await Anthem, Inc. (NYSE:ANTM) to report earnings on April, 25 before the open. They expect $4.93 EPS, up 5.34% or $0.25 from last year’s $4.68 per share. ANTM’s profit will be $1.26B for 11.46 P/E if the $4.93 EPS becomes a reality. After $1.29 actual EPS reported by Anthem, Inc. for the previous quarter, Wall Street now forecasts 282.17% EPS growth.

Among 24 analysts covering Anthem Inc (NYSE:ANTM), 16 have Buy rating, 0 Sell and 8 Hold. Therefore 67% are positive. Anthem Inc had 75 analyst reports since July 27, 2015 according to SRatingsIntel. On Monday, April 4 the stock rating was maintained by Leerink Swann with “Outperform”. The stock has “Overweight” rating by JP Morgan on Wednesday, September 16. The stock of Anthem, Inc. (NYSE:ANTM) has “Overweight” rating given on Wednesday, January 3 by PiperJaffray. Leerink Swann maintained Anthem, Inc. (NYSE:ANTM) on Friday, March 9 with “Buy” rating. The stock of Anthem, Inc. (NYSE:ANTM) earned “Outperform” rating by Wells Fargo on Tuesday, November 15. The stock of Anthem, Inc. (NYSE:ANTM) earned “Hold” rating by Jefferies on Wednesday, June 7. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 2 report. The rating was maintained by Jefferies with “Hold” on Wednesday, September 20. The firm earned “Buy” rating on Wednesday, October 25 by Cantor Fitzgerald. On Thursday, January 28 the stock rating was maintained by RBC Capital Markets with “Outperform”.

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