Apple (AAPL) Holder Dock Street Asset Management Has Decreased Holding by $1.02 Million as Shares Rose; As Gw Pharmaceuticals Plc (GWPH) Share Price Declined, Shareholder Hsbc Holdings Plc Has Decreased Stake

February 15, 2018 - By Adrian Mccoy

Dock Street Asset Management Inc decreased its stake in Apple (AAPL) by 3.02% based on its latest 2017Q3 regulatory filing with the SEC. Dock Street Asset Management Inc sold 6,631 shares as the company’s stock rose 12.78% with the market. The institutional investor held 212,592 shares of the computer manufacturing company at the end of 2017Q3, valued at $32.77 million, down from 219,223 at the end of the previous reported quarter. Dock Street Asset Management Inc who had been investing in Apple for a number of months, seems to be less bullish one the $849.24 billion market cap company. The stock increased 1.84% or $3.03 during the last trading session, reaching $167.37. About 40.64M shares traded or 22.24% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 15, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Hsbc Holdings Plc decreased its stake in Gw Pharmaceuticals Plc (GWPH) by 91.83% based on its latest 2017Q3 regulatory filing with the SEC. Hsbc Holdings Plc sold 25,000 shares as the company’s stock declined 18.00% while stock markets rallied. The institutional investor held 2,225 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $226,000, down from 27,225 at the end of the previous reported quarter. Hsbc Holdings Plc who had been investing in Gw Pharmaceuticals Plc for a number of months, seems to be less bullish one the $3.61B market cap company. The stock increased 2.21% or $2.82 during the last trading session, reaching $130.14. About 186,179 shares traded. GW Pharmaceuticals plc (NASDAQ:GWPH) has risen 31.90% since February 15, 2017 and is uptrending. It has outperformed by 15.20% the S&P500.

Hsbc Holdings Plc, which manages about $62.42B US Long portfolio, upped its stake in Hca Healthcare Inc (Put) (NYSE:HCA) by 8,900 shares to 10,800 shares, valued at $860,000 in 2017Q3, according to the filing. It also increased its holding in Vaneck Vectors Etf Tr (Put) by 141,000 shares in the quarter, for a total of 383,700 shares, and has risen its stake in Cenovus Energy Inc (NYSE:CVE).

Among 13 analysts covering GW Pharmaceuticals (NASDAQ:GWPH), 11 have Buy rating, 1 Sell and 1 Hold. Therefore 85% are positive. GW Pharmaceuticals had 28 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Buy” rating by Evercore given on Wednesday, August 16. The stock of GW Pharmaceuticals plc (NASDAQ:GWPH) earned “Buy” rating by Goldman Sachs on Friday, October 7. On Monday, February 5 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The rating was initiated by Cantor Fitzgerald on Friday, June 3 with “Buy”. The rating was maintained by Leerink Swann on Tuesday, January 23 with “Buy”. Numis Securities upgraded GW Pharmaceuticals plc (NASDAQ:GWPH) on Friday, August 26 to “Hold” rating. As per Monday, November 30, the company rating was initiated by TH Capital. As per Monday, September 25, the company rating was maintained by Cowen & Co. Morgan Stanley initiated the shares of GWPH in report on Thursday, August 13 with “Overweight” rating. As per Tuesday, August 8, the company rating was maintained by Cantor Fitzgerald.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 17 Hold. Therefore 66% are positive. Apple Inc. had 377 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Apple Inc. (NASDAQ:AAPL) has “Outperform” rating given on Wednesday, August 2 by BMO Capital Markets. RBC Capital Markets maintained the shares of AAPL in report on Thursday, September 22 with “Outperform” rating. The rating was maintained by Citigroup with “Buy” on Wednesday, July 27. The stock of Apple Inc. (NASDAQ:AAPL) has “Overweight” rating given on Friday, January 8 by Pacific Crest. Rosenblatt maintained it with “Hold” rating and $150.0 target in Tuesday, August 22 report. UBS maintained Apple Inc. (NASDAQ:AAPL) on Tuesday, July 26 with “Buy” rating. Nomura maintained it with “Buy” rating and $120 target in Wednesday, April 27 report. The company was maintained on Monday, August 21 by Credit Suisse. As per Tuesday, June 13, the company rating was upgraded by Morgan Stanley. BMO Capital Markets maintained it with “Buy” rating and $17000 target in Monday, July 24 report.

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