Facebook (FB) Stock Value Declined While Darsana Capital Partners LP Lowered Position by $22.00 Million; Avalon Global Asset Management Trimmed Its Western Digital (Call) (WDC) Position by $1.22 Million as Share Price Rose

April 24, 2018 - By Pete Kolinski

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Darsana Capital Partners Lp decreased its stake in Facebook Inc (FB) by 17.24% based on its latest 2017Q4 regulatory filing with the SEC. Darsana Capital Partners Lp sold 125,000 shares as the company’s stock declined 14.10% with the market. The institutional investor held 600,000 shares of the technology company at the end of 2017Q4, valued at $105.88M, down from 725,000 at the end of the previous reported quarter. Darsana Capital Partners Lp who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $463.55B market cap company. The stock decreased 3.59% or $5.96 during the last trading session, reaching $159.88. About 21.99M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since April 24, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Avalon Global Asset Management Llc decreased its stake in Western Digital Corp (Call) (WDC) by 23.57% based on its latest 2017Q4 regulatory filing with the SEC. Avalon Global Asset Management Llc sold 15,420 shares as the company’s stock rose 14.25% while stock markets declined. The hedge fund held 50,000 shares of the electronic components company at the end of 2017Q4, valued at $3.98 million, down from 65,420 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in Western Digital Corp (Call) for a number of months, seems to be less bullish one the $25.83B market cap company. The stock decreased 0.24% or $0.21 during the last trading session, reaching $86.79. About 1.93M shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since April 24, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.05, from 1.12 in 2017Q3. It fall, as 68 investors sold WDC shares while 219 reduced holdings. 82 funds opened positions while 224 raised stakes. 243.21 million shares or 1.21% more from 240.32 million shares in 2017Q3 were reported. Parsec Financial Mngmt reported 102,565 shares or 0.55% of all its holdings. 1,500 were reported by Nikko Asset Mgmt Americas. Alphamark Ltd Company accumulated 0% or 150 shares. Pitcairn accumulated 0.04% or 4,665 shares. Mercer Cap Advisers holds 0.01% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 200 shares. Moreover, State Of Alaska Department Of Revenue has 0.07% invested in Western Digital Corporation (NASDAQ:WDC) for 34,672 shares. First Manhattan Commerce has 0% invested in Western Digital Corporation (NASDAQ:WDC) for 421 shares. Shaker Invs Limited Com Oh has 6,300 shares for 0.33% of their portfolio. Herald Invest Mngmt Ltd reported 4,500 shares. D E Shaw Company stated it has 0.01% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Indiana-based Everence Capital has invested 0.08% in Western Digital Corporation (NASDAQ:WDC). Shelton Cap holds 0.33% or 64,647 shares in its portfolio. State Of Wisconsin Investment Board reported 0.08% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.04% in Western Digital Corporation (NASDAQ:WDC). 86,749 are owned by State Treasurer State Of Michigan.

Among 36 analysts covering Western Digital (NASDAQ:WDC), 25 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 164 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Wednesday, August 23. Mizuho maintained Western Digital Corporation (NASDAQ:WDC) rating on Friday, February 2. Mizuho has “Buy” rating and $110.0 target. The stock has “Buy” rating by Mizuho on Thursday, September 8. The firm earned “Buy” rating on Friday, February 23 by Stifel Nicolaus. Mizuho maintained the stock with “Buy” rating in Wednesday, December 7 report. The firm has “Overweight” rating given on Thursday, July 30 by KeyBanc Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Friday, January 15. The rating was upgraded by Robert W. Baird on Friday, March 16 to “Outperform”. Maxim Group maintained Western Digital Corporation (NASDAQ:WDC) on Wednesday, October 12 with “Buy” rating. As per Monday, November 27, the company rating was downgraded by Morgan Stanley.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on April, 26 after the close. They expect $2.97 earnings per share, up 43.48% or $0.90 from last year’s $2.07 per share. WDC’s profit will be $883.75M for 7.31 P/E if the $2.97 EPS becomes a reality. After $3.62 actual earnings per share reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts -17.96% negative EPS growth.

Since January 29, 2018, it had 0 buys, and 11 selling transactions for $24.09 million activity. 4,466 shares were sold by LONG MARK P, worth $376,037. Shares for $369,385 were sold by RAY MICHAEL CHARLES. Sivaram Srinivasan had sold 10,865 shares worth $942,109.

Avalon Global Asset Management Llc, which manages about $132.23 million and $202.01M US Long portfolio, upped its stake in Maxlinear Inc (NYSE:MXL) by 30,000 shares to 161,500 shares, valued at $4.27 million in 2017Q4, according to the filing. It also increased its holding in Stanley Black & Decker Inc (NYSE:SWK) by 15,000 shares in the quarter, for a total of 30,000 shares, and has risen its stake in Lululemon Athletica Inc (NASDAQ:LULU).

Darsana Capital Partners Lp, which manages about $989.03M and $2.72B US Long portfolio, upped its stake in New York Times Co (NYSE:NYT) by 6.52 million shares to 14.52M shares, valued at $268.70 million in 2017Q4, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 5.25M shares in the quarter, for a total of 7.25 million shares, and has risen its stake in Priceline Grp Inc (NASDAQ:PCLN).

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on April, 25 after the close. They expect $1.36 EPS, up 30.77% or $0.32 from last year’s $1.04 per share. FB’s profit will be $3.94B for 29.39 P/E if the $1.36 EPS becomes a reality. After $2.20 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts -38.18% negative EPS growth.

Investors sentiment increased to 1.21 in Q4 2017. 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. Washington Tru National Bank has invested 1.63% in Facebook, Inc. (NASDAQ:FB). The Israel-based Clal Holdg Ltd has invested 2.87% in Facebook, Inc. (NASDAQ:FB). Baystate Wealth Management Limited has 0.07% invested in Facebook, Inc. (NASDAQ:FB). Vantage Invest Advsr Ltd Liability owns 0.36% invested in Facebook, Inc. (NASDAQ:FB) for 8,968 shares. Calamos Limited Liability Corporation holds 1.21M shares. Main Street Research reported 3.3% in Facebook, Inc. (NASDAQ:FB). D Scott Neal stated it has 156 shares. Evanson Asset Mgmt Ltd Liability Co reported 479,418 shares stake. Visionary Asset Mngmt holds 0.07% or 1,356 shares. Signature Estate And Invest Advsrs Limited Liability owns 104,029 shares or 1.87% of their US portfolio. Alphamark Advisors Ltd Limited Liability Company has invested 0% of its portfolio in Facebook, Inc. (NASDAQ:FB). Stearns Ser has invested 0.05% in Facebook, Inc. (NASDAQ:FB). Ameritas Inv Ptnrs Inc, Nebraska-based fund reported 135,181 shares. Millennium Tvp Mgmt Lc has invested 27.8% in Facebook, Inc. (NASDAQ:FB). Moreover, First Western Cap has 0.27% invested in Facebook, Inc. (NASDAQ:FB).

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