Empirical Financial Services Maintains Stake in Facebook (FB); Jgp Global Gestao De Recursos Ltda Has Decreased Bma (BMA) Position as Valuation Declined

June 18, 2018 - By Hazel Jackson

Banco Macro S.A. (NYSE:BMA) Logo

Jgp Global Gestao De Recursos Ltda decreased its stake in Bma (BMA) by 26.96% based on its latest 2018Q1 regulatory filing with the SEC. Jgp Global Gestao De Recursos Ltda sold 71,145 shares as the company’s stock declined 28.88% with the market. The institutional investor held 192,736 shares of the commercial banks company at the end of 2018Q1, valued at $20.81M, down from 263,881 at the end of the previous reported quarter. Jgp Global Gestao De Recursos Ltda who had been investing in Bma for a number of months, seems to be less bullish one the $4.66B market cap company. The stock decreased 5.74% or $3.705 during the last trading session, reaching $60.855. About 242,264 shares traded. Banco Macro S.A. (NYSE:BMA) has declined 8.05% since June 18, 2017 and is downtrending. It has underperformed by 20.62% the S&P500. Some Historical BMA News: 15/05/2018 – BANCO MACRO 1Q EPS ARS5.32; 25/04/2018 – Banco Macro S.A. lnforms the Market of the Filing of its Annual Report on Form 20-F for The Fiscal Year Ended December 31, 2017; 15/05/2018 – BANCO MACRO 1Q NET INCOME ARS3.6B, EST. ARS3.27B; 23/04/2018 – Moody’s: Argentine banks’ strategies evolving as demand for credit soars and margins narrow; 16/05/2018 – ARGENTINA’S BANCO MACRO MANAGEMENT SPEAKS IN CONFERENCE CALL; 23/04/2018 – MOODY’S SAYS STRONG RETAIL OPERATIONS TO HELP BANCO DE GALICIA Y BUENOS AIRES S.A., BANCO MACRO S.A. WOO CUSTOMERS AS ARGENTINA’S ECONOMY EXPANDS, INCREASES DEMAND FOR LOANS; 16/05/2018 – BANCO MACRO SAYS ISN’T PLANNING ORGANIC EXPANSION PLAN; 16/05/2018 – ADRs End Lower; Banco Macro Trades Actively; 16/05/2018 – BANCO MACRO SAYS WILL SEEK PARTNERSHIPS TO GROW; 28/03/2018 Moody’s Rates Banco Macro’s Class C Notes

Empirical Financial Services Llc increased its stake in Facebook Inc (FB) by 136.3% based on its latest 2018Q1 regulatory filing with the SEC. Empirical Financial Services Llc bought 4,344 shares as the company’s stock declined 0.01% with the market. The institutional investor held 7,531 shares of the technology company at the end of 2018Q1, valued at $1.20M, up from 3,187 at the end of the previous reported quarter. Empirical Financial Services Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $576.85 billion market cap company. The stock increased 1.75% or $3.431 during the last trading session, reaching $199.281. About 7.03 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 18, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 16/04/2018 – France builds WhatsApp rival due to surveillance risk; 28/03/2018 – Internet firms should do “much much” more to remove illegal content -UK interior minister; 16/04/2018 – Amazon Shelves Pharma Plan, Facebook CEO’s EU Meeting: TMT Wrap; 23/03/2018 – FACEBOOK HAS RECEIVED A LETTER FOR CEO ZUCKERBERG TO TESTIFY AND CO IS REVIEWING IT; 19/03/2018 – Cambridge Analytica has maintained since Friday that it did not gain access to the data in question and that the Facebook data it did gain access to was not used for the Trump campaign; 12/04/2018 – CMO Today: Zuckerberg Returns From Washington; Facebook Time Spent Slips; E-Cig Ads Recall Big Tobacco Creative; 02/05/2018 – Despite all of the Cambridge Analytica drama, Facebook’s F8 still felt like F8 Facebook’s developer conference showed that Facebook is still Facebook; 05/04/2018 – Facebook crisis plays into hands of Asia’s authoritarians: Most Facebook users have likely had their public profiles “scraped” by marketers. And Asia is Facebook’s largest market, with 828 million users; 10/04/2018 – Mark Zuckerberg will win today by keeping the focus on privacy instead of Facebook’s business model; 03/05/2018 – DD: UNDERSTANDING FACEBOOK’S NEW PRIVACY TOOLS: LIVE

Jgp Global Gestao De Recursos Ltda, which manages about $251.37 million US Long portfolio, upped its stake in Spdr S&P 500 Etf Trust (SPY) by 625,000 shares to 700,000 shares, valued at $182.78M in 2018Q1, according to the filing.

Among 7 analysts covering Banco Macro SA (NYSE:BMA), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Banco Macro SA had 10 analyst reports since February 9, 2016 according to SRatingsIntel. The rating was upgraded by Goldman Sachs on Monday, September 26 to “Buy”. The firm has “Overweight” rating given on Wednesday, May 9 by JP Morgan. J.P. Morgan upgraded Banco Macro S.A. (NYSE:BMA) on Wednesday, May 9 to “Buy” rating. The rating was initiated by UBS with “Neutral” on Wednesday, June 1. As per Tuesday, June 13, the company rating was upgraded by Credit Suisse. Goldman Sachs downgraded it to “Hold” rating and $113.7 target in Monday, September 11 report. The firm has “Buy” rating given on Friday, May 11 by Santander. The firm earned “Neutral” rating on Tuesday, March 29 by Credit Suisse. Citigroup upgraded the stock to “Neutral” rating in Monday, May 23 report.

More notable recent Banco Macro S.A. (NYSE:BMA) news were published by: Seekingalpha.com which released: “The Scandal That Might End Banco Macro’s Growth Story” on June 11, 2018, also Prnewswire.com with their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Banco Macro SA (BMA)” published on June 12, 2018, Globenewswire.com published: “EQUITY ALERT: Rosen Law Firm Continues to Investigate Securities Claims Against Banco Macro SA – BMA” on June 13, 2018. More interesting news about Banco Macro S.A. (NYSE:BMA) were released by: Benzinga.com and their article: “40 Biggest Movers From Yesterday” published on June 15, 2018 as well as Businesswire.com‘s news article titled: “EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Banco Macro SA – BMA” with publication date: June 12, 2018.

Since December 19, 2017, it had 0 buys, and 69 sales for $3.12 billion activity. 55,000 shares were sold by Sandberg Sheryl, worth $10.28 million. 26,940 shares valued at $4.82 million were sold by Schroepfer Michael Todd on Thursday, February 15. 9,522 Facebook, Inc. (NASDAQ:FB) shares with value of $1.75M were sold by Wehner David M.. 10,600 Facebook, Inc. (NASDAQ:FB) shares with value of $1.96 million were sold by Cox Christopher K. $3.29 million worth of stock was sold by FISCHER DAVID B. on Tuesday, February 27. 750 shares were sold by Stretch Colin, worth $143,250.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 273 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Canaccord Genuity on Monday, July 24. As per Friday, May 26, the company rating was maintained by Cantor Fitzgerald. The firm has “Hold” rating by BMO Capital Markets given on Thursday, February 1. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Robert W. Baird on Thursday, February 1. Canaccord Genuity maintained Facebook, Inc. (NASDAQ:FB) on Thursday, November 3 with “Buy” rating. The firm has “Buy” rating by Needham given on Thursday, November 2. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Susquehanna on Thursday, February 1. The rating was maintained by Bank of America on Monday, January 8 with “Buy”. The company was maintained on Thursday, April 28 by Oppenheimer. Citigroup maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, November 2. Citigroup has “Buy” rating and $210 target.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Seekingalpha.com which released: “Facebook to invest $750M in new Alabama data center” on June 14, 2018, also Seekingalpha.com with their article: “Facebook: What Are Folks Missing?” published on June 06, 2018, Seekingalpha.com published: “Best Tech Stock: Facebook Vs. Microsoft” on June 12, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Nasdaq.com and their article: “Does Shopify Have a New Facebook Problem?” published on June 14, 2018 as well as Finance.Yahoo.com‘s news article titled: “Facebook, Inc. (NASDAQ:FB) In Trouble For Sharing Data With Chinese Company” with publication date: June 07, 2018.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

>