Light Street Capital Management Raised Position in Facebook (FB); As Autozone (AZO) Stock Price Declined, Marco Investment Management Upped by $509,652 Its Position

January 14, 2018 - By Clifton Ray

Marco Investment Management Llc increased its stake in Autozone Inc (AZO) by 46.01% based on its latest 2017Q3 regulatory filing with the SEC. Marco Investment Management Llc bought 858 shares as the company’s stock declined 9.10% while stock markets rallied. The institutional investor held 2,723 shares of the consumer services company at the end of 2017Q3, valued at $1.62M, up from 1,865 at the end of the previous reported quarter. Marco Investment Management Llc who had been investing in Autozone Inc for a number of months, seems to be bullish on the $21.55 billion market cap company. The stock increased 1.89% or $14.62 during the last trading session, reaching $787.93. About 456,389 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since January 14, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

Glen Kacher increased its stake in Facebook Inc (FB) by 5.56% based on its latest 2017Q3 regulatory filing with the SEC. Light Street Capital Management Llc bought 25,000 shares as the company’s stock rose 10.88% with the market. The hedge fund run by Glen Kacher held 475,000 shares of the technology company at the end of 2017Q3, valued at $81.16 million, up from 450,000 at the end of the previous reported quarter. Light Street Capital Management Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $521.22 billion market cap company. The stock decreased 4.47% or $8.4 during the last trading session, reaching $179.37. About 77.55 million shares traded or 356.22% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 14, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It dropped, 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. Piedmont Investment Advsr Limited Com has 2.18% invested in Facebook, Inc. (NASDAQ:FB). Spectrum holds 0.58% or 10,514 shares. 59,900 were accumulated by Meeder Asset Incorporated. Salzhauer Michael reported 5,500 shares or 0.4% of all its holdings. Crossvault Cap Ltd Limited Liability Company has invested 0.34% in Facebook, Inc. (NASDAQ:FB). The Florida-based Polen Cap Mgmt has invested 8.17% in Facebook, Inc. (NASDAQ:FB). New Amsterdam Ptnrs Limited invested in 0.21% or 5,802 shares. Oregon Public Employees Retirement Fund holds 251,359 shares or 0.69% of its portfolio. Amer Group Inc has 965,760 shares. The Wisconsin-based Dana Inv Advsr has invested 1.72% in Facebook, Inc. (NASDAQ:FB). First Quadrant LP Ca reported 1.23% stake. Hilton Mgmt Ltd Liability Company holds 0.25% or 8,339 shares in its portfolio. 143,713 are held by Ami Asset Mgmt Corp. 2,047 were accumulated by Hudock Capital Group Ltd Company. Mogy Joel R Inv Counsel Inc reported 90,295 shares stake.

Light Street Capital Management Llc, which manages about $928.09 million and $1.22B US Long portfolio, decreased its stake in Momo Inc by 2.35 million shares to 2.45 million shares, valued at $76.90 million in 2017Q3, according to the filing. It also reduced its holding in Take (NASDAQ:TTWO) by 350,000 shares in the quarter, leaving it with 150,000 shares, and cut its stake in Blackline Inc.

Since August 7, 2017, it had 0 insider purchases, and 38 selling transactions for $950.72 million activity. Koum Jan had sold 2.95M shares worth $502.59 million on Tuesday, August 15. $2.80 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Cox Christopher K on Monday, October 23. Shares for $2.59 million were sold by Wehner David M.. Zuckerberg Mark sold $42.50M worth of stock. The insider FISCHER DAVID B. sold $8.59 million. 38,058 shares were sold by Schroepfer Michael Todd, worth $6.53 million on Tuesday, October 10.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 217 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of FB in report on Thursday, November 2 with “Overweight” rating. On Thursday, April 28 the stock rating was maintained by Susquehanna with “Positive”. RBC Capital Markets maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, January 28. RBC Capital Markets has “Outperform” rating and $160 target. Loop Capital initiated Facebook, Inc. (NASDAQ:FB) rating on Friday, September 23. Loop Capital has “Buy” rating and $165 target. Needham maintained Facebook, Inc. (NASDAQ:FB) rating on Wednesday, July 19. Needham has “Buy” rating and $18500 target. The rating was maintained by Cantor Fitzgerald with “Buy” on Thursday, August 27. Cowen & Co maintained it with “Buy” rating and $200.0 target in Tuesday, October 31 report. The firm has “Overweight” rating given on Friday, August 28 by Global Equities Research. The stock has “Buy” rating by Wells Fargo on Wednesday, September 27. RBC Capital Markets maintained it with “Outperform” rating and $165 target in Thursday, April 28 report.

Marco Investment Management Llc, which manages about $888.82 million and $636.46M US Long portfolio, decreased its stake in Nxp Semiconductors N V (NASDAQ:NXPI) by 8,300 shares to 61,900 shares, valued at $7.00M in 2017Q3, according to the filing. It also reduced its holding in Realty Income Corp (NYSE:O) by 7,241 shares in the quarter, leaving it with 53,575 shares, and cut its stake in Us Bancorp Del (NYSE:USB).

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.20, from 0.85 in 2017Q2. It is positive, as 59 investors sold AZO shares while 150 reduced holdings. 74 funds opened positions while 145 raised stakes. 26.58 million shares or 0.11% less from 26.61 million shares in 2017Q2 were reported. Baldwin Brothers Inc Ma holds 0% or 50 shares. Bailard Incorporated has 0.08% invested in AutoZone, Inc. (NYSE:AZO) for 1,775 shares. Cibc Ww Corporation has invested 0.02% of its portfolio in AutoZone, Inc. (NYSE:AZO). City, a West Virginia-based fund reported 25 shares. Bnp Paribas Asset Management Sa accumulated 5,800 shares. Beck Mack And Oliver Llc has 0.09% invested in AutoZone, Inc. (NYSE:AZO). Lsv Asset Mgmt owns 29,410 shares. 24,263 were reported by Canada Pension Plan Board. Pension Ser holds 0.1% or 30,101 shares in its portfolio. Michigan-based Greenleaf Trust has invested 0% in AutoZone, Inc. (NYSE:AZO). C World Gru Hldgs A S holds 0.01% or 837 shares in its portfolio. Amica Retiree Medical Trust accumulated 430 shares. Thrivent Financial For Lutherans stated it has 1,110 shares or 0% of all its holdings. Mitsubishi Ufj & Banking Corp holds 0.07% or 65,652 shares in its portfolio. Atwood & Palmer invested in 150 shares or 0.01% of the stock.

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