Tekne Capital Management Has Upped Facebook (FB) Holding by $585,597; Shareholder Bahl & Gaynor Upped Polyone (POL) Position

June 23, 2018 - By Ellis Scott

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Beeneet Kothari increased its stake in Facebook Inc (FB) by 1.57% based on its latest 2018Q1 regulatory filing with the SEC. Tekne Capital Management Llc bought 3,683 shares as the company’s stock declined 0.01% with the market. The hedge fund run by Beeneet Kothari held 239,004 shares of the technology company at the end of 2018Q1, valued at $38.19M, up from 235,321 at the end of the previous reported quarter. Tekne Capital Management Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $583.96B market cap company. The stock increased 0.12% or $0.24 during the last trading session, reaching $201.74. About 14.41M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 23, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 10/04/2018 – ZUCKERBERG TELLS SENATOR ED MARKEY THAT DETAILS OF LEGISLATION WOULD MATTER, LOOKS FORWARD TO FURTHER TALKS; 21/03/2018 – The Cambridge Analytica scandal knocked roughly $50 billion off Facebook’s market value this week; 01/05/2018 – $SNAP’s average revenue per daily active user was $1.21 last quarter. Facebook’s was more than $8; 21/03/2018 – Facebook’s alleged data could very easily happen to other tech companies, says this CEO; 16/05/2018 – Facebook’s blockchain experiment raises eyebrows; 24/04/2018 – David McCabe: BREAKING: Facebook shakes up its DC operation after months of controversy.- Former GOP FCC Chairman Kevin Martin; 10/04/2018 – The Associated Press: BREAKING: Facebook CEO Mark Zuckerberg says company is working with special counsel Robert Mueller in; 28/03/2018 – FACEBOOK UPDATES PRIVACY TOOLS, TO ALLOW USERS TO DELETE DATA; 05/04/2018 – FACEBOOK COO SAYS DRAWING TIGHTER LINES FOR HATE SPEECH IN ADS; 25/04/2018 – Facebook’s rise in profits, users shows resilience after scandals

Bahl & Gaynor Inc increased its stake in Polyone Corp (POL) by 15.55% based on its latest 2018Q1 regulatory filing with the SEC. Bahl & Gaynor Inc bought 17,371 shares as the company’s stock rose 0.09% while stock markets declined. The institutional investor held 129,081 shares of the major chemicals company at the end of 2018Q1, valued at $5.49M, up from 111,710 at the end of the previous reported quarter. Bahl & Gaynor Inc who had been investing in Polyone Corp for a number of months, seems to be bullish on the $3.50 billion market cap company. The stock increased 1.04% or $0.45 during the last trading session, reaching $43.78. About 683,595 shares traded or 102.23% up from the average. PolyOne Corporation (NYSE:POL) has risen 13.15% since June 23, 2017 and is uptrending. It has outperformed by 0.58% the S&P500. Some Historical POL News: 03/05/2018 – PolyOne Barrier Technologies Enable Sustainability and Recyclability in Packaging; 26/04/2018 – POLYONE CORP – IN THE FIRST QUARTER, ORGANIC SALES INCREASED 6%; 07/05/2018 – POLYONE APPOINTS GIUSEPPE Dl SALVO AS VICE PRESIDENT, INVESTOR RELATIONS; JUSTIN M. HESS AS VICE PRESIDENT, CORPORATE CONTROLLER; 07/05/2018 – PolyOne Appoints Giuseppe Di Salvo as Vice President, Investor Relations; Justin M. Hess as Vice President, Corporate Controller; 17/05/2018 – PolyOne Corporation Announces Quarterly Dividend; 15/03/2018 – PolyOne Closes Below 50-Day Moving Average: Technicals; 07/03/2018 PolyOne Board Elects Robert Abernathy as Director; 30/04/2018 – PolyOne Announces Michael a. Garratt to Serve as Interim Pres of Specialty Engineered Materials; 07/05/2018 – PolyOne Appoints Giuseppe Di Salvo as Vice President, Investor Relations; Justin M. Hess as Vice President, Corporate; 19/04/2018 – DJ PolyOne Corporation, Inst Holders, 1Q 2018 (POL)

Bahl & Gaynor Inc, which manages about $7.63 billion and $9.08 billion US Long portfolio, decreased its stake in Apogee Enterprises Inc (NASDAQ:APOG) by 14,729 shares to 51,083 shares, valued at $2.21 million in 2018Q1, according to the filing. It also reduced its holding in Abbvie Inc. (NYSE:ABBV) by 149,860 shares in the quarter, leaving it with 2.40 million shares, and cut its stake in Texas Pacific Land Tr (NYSE:TPL).

More news for PolyOne Corporation (NYSE:POL) were recently published by: Prnewswire.com, which released: “PolyOne Announces Acquisition of PlastiComp” on June 01, 2018. Seekingalpha.com‘s article titled: “PolyOne Acquires PlastiComp For High Performance Composites” and published on June 13, 2018 is yet another important article.

Investors sentiment decreased to 0.8 in 2018 Q1. Its down 0.44, from 1.24 in 2017Q4. It dropped, as 25 investors sold POL shares while 97 reduced holdings. 24 funds opened positions while 74 raised stakes. 70.64 million shares or 2.07% less from 72.13 million shares in 2017Q4 were reported. 77,700 are held by Arrowstreet Capital Partnership. Qs Limited Liability Com reported 10 shares. Bahl And Gaynor Incorporated holds 129,081 shares. D E Shaw And reported 15,375 shares. Bnp Paribas Arbitrage reported 22,294 shares stake. Neuberger Berman Group Limited Liability Company stated it has 6,392 shares. Moreover, Private Harbour Counsel Ltd Liability Com has 1.89% invested in PolyOne Corporation (NYSE:POL) for 47,150 shares. Us Savings Bank De holds 0% or 3,198 shares. Matarin Mgmt Limited Com holds 65,836 shares or 0% of its portfolio. Huntington Commercial Bank owns 942 shares for 0% of their portfolio. Citadel has invested 0% in PolyOne Corporation (NYSE:POL). Shell Asset Management, a Netherlands-based fund reported 39,187 shares. Royal National Bank & Trust Of Canada invested 0% of its portfolio in PolyOne Corporation (NYSE:POL). Macquarie Grp Ltd holds 76,764 shares. Atlantic Ltd Liability Com reported 0% stake.

Among 9 analysts covering Polyone Corporation (NYSE:POL), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Polyone Corporation had 27 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of PolyOne Corporation (NYSE:POL) has “Hold” rating given on Friday, April 7 by Jefferies. The stock has “Hold” rating by Jefferies on Friday, August 4. Goldman Sachs upgraded PolyOne Corporation (NYSE:POL) on Monday, August 17 to “Buy” rating. The stock of PolyOne Corporation (NYSE:POL) earned “Hold” rating by Jefferies on Wednesday, October 12. The rating was upgraded by Seaport Global on Monday, April 18 to “Buy”. Jefferies maintained PolyOne Corporation (NYSE:POL) on Thursday, June 15 with “Hold” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $50.0 target in Sunday, January 28 report. Seaport Global maintained PolyOne Corporation (NYSE:POL) on Wednesday, January 31 with “Buy” rating. KeyBanc Capital Markets maintained it with “Overweight” rating and $47 target in Thursday, October 26 report. Robert W. Baird maintained it with “Buy” rating and $39 target in Monday, August 24 report.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 274 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained Facebook, Inc. (NASDAQ:FB) on Monday, September 4 with “Buy” rating. On Friday, April 1 the stock rating was maintained by Citigroup with “Buy”. Raymond James maintained the stock with “Buy” rating in Tuesday, March 27 report. The company was maintained on Thursday, April 26 by J.P. Morgan. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Tuesday, January 3 by Aegis Capital. Mizuho maintained Facebook, Inc. (NASDAQ:FB) on Thursday, July 30 with “Buy” rating. Jefferies maintained the shares of FB in report on Thursday, July 27 with “Buy” rating. On Thursday, April 28 the stock rating was maintained by Jefferies with “Buy”. The firm has “Focus List” rating by Bank of America given on Tuesday, July 21. The stock has “Buy” rating by BTIG Research on Tuesday, March 21.

Since January 9, 2018, it had 0 insider purchases, and 70 insider sales for $3.22 billion activity. Stretch Colin sold 16,500 shares worth $2.88 million. $6.78 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Schroepfer Michael Todd on Tuesday, May 8. FISCHER DAVID B. sold 17,830 shares worth $3.29M. 55,000 shares valued at $10.30M were sold by Sandberg Sheryl on Wednesday, May 30. Wehner David M. had sold 14,901 shares worth $2.66M on Thursday, February 22. On Thursday, February 15 the insider Koum Jan sold $221.33M.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.34, from 1.21 in 2017Q4. It fall, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. 92,059 were reported by Mariner Wealth Advsr. Duff And Phelps Inv Mgmt Company holds 0.06% or 25,775 shares in its portfolio. Hudock holds 2,165 shares or 0.14% of its portfolio. Polaris Greystone Fincl Group Inc Ltd Com has invested 0.24% in Facebook, Inc. (NASDAQ:FB). Mufg Americas Hldg Corporation holds 1.12% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 221,520 shares. 918,629 were accumulated by Kames Public Ltd Company. Bailard Inc holds 186,422 shares. Stonebridge Mgmt Incorporated has 1,304 shares. Thrivent Financial For Lutherans holds 0.83% or 1.54M shares in its portfolio. Patten Inc holds 0.6% or 9,102 shares. Cognios Capital invested in 1.46% or 25,335 shares. Deroy Devereaux Private Inv Counsel accumulated 0.05% or 3,220 shares. 2,375 are held by Valley National Advisers. Mitchell Sinkler And Starr Pa has invested 0.48% of its portfolio in Facebook, Inc. (NASDAQ:FB). Wealth Architects Ltd Limited Liability Company accumulated 94,910 shares or 5.02% of the stock.

Tekne Capital Management Llc, which manages about $604.61M and $372.96 million US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 68,678 shares to 205,299 shares, valued at $37.68M in 2018Q1, according to the filing. It also reduced its holding in Alphabet Inc by 33,874 shares in the quarter, leaving it with 22,498 shares, and cut its stake in Paypal Hldgs Inc.

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