Facebook (FB) Holder First Washington Trimmed Its Holding; Osterweis Capital Management Holding in Johnson & Johnson (JNJ) Has Trimmed as Share Value Rose

January 18, 2018 - By wolcottdaily

First Washington Corp decreased its stake in Facebook Inc (FB) by 15.69% based on its latest 2017Q3 regulatory filing with the SEC. First Washington Corp sold 3,690 shares as the company’s stock rose 10.88% with the market. The institutional investor held 19,825 shares of the technology company at the end of 2017Q3, valued at $3.39M, down from 23,515 at the end of the previous reported quarter. First Washington Corp who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $522.47B market cap company. The stock increased 1.24% or $2.2 during the last trading session, reaching $179.8. About 22.67 million shares traded or 28.89% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 18, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

John Osterweis decreased its stake in Johnson & Johnson (JNJ) by 3.13% based on its latest 2017Q3 regulatory filing with the SEC. Osterweis Capital Management Inc sold 6,596 shares as the company’s stock rose 6.85% with the market. The hedge fund run by John Osterweis held 203,874 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $26.51M, down from 210,470 at the end of the previous reported quarter. Osterweis Capital Management Inc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $394.95 billion market cap company. The stock increased 0.02% or $0.03 during the last trading session, reaching $147.01. About 3.73 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 18, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It turned negative, 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. Strs Ohio holds 2.25 million shares. Bailard, a California-based fund reported 124,149 shares. Consolidated Inv Gru Inc Lc stated it has 4,900 shares. Cim Inv Mangement Inc stated it has 0.41% of its portfolio in Facebook, Inc. (NASDAQ:FB). Honeywell Interest accumulated 1.2% or 200,000 shares. Stevens First Principles Invest Advisors holds 0.28% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 3,050 shares. Destination Wealth Mgmt has 5,590 shares. Teachers Retirement Of The State Of Kentucky has 720,868 shares for 1.48% of their portfolio. Ally Inc has 9,000 shares. Ameritas Investment Partners owns 142,470 shares. 525,000 are held by Tesuji Partners Ltd Liability Corp. Next Financial Gp invested in 2.29% or 47,450 shares. Quantum Cap Mgmt Limited Liability Corporation Nj reported 20 shares. Busey holds 2.2% or 107,695 shares. Aperio Group Inc reported 1.11 million shares or 1.07% of all its holdings.

Since August 7, 2017, it had 0 buys, and 39 selling transactions for $957.86 million activity. Zuckerberg Mark had sold 248,984 shares worth $42.50M. Schroepfer Michael Todd had sold 38,058 shares worth $6.53 million on Tuesday, October 10. Cox Christopher K had sold 16,000 shares worth $2.80 million on Monday, October 23. $2.75M worth of Facebook, Inc. (NASDAQ:FB) was sold by FISCHER DAVID B.. Shares for $109.70 million were sold by Koum Jan on Wednesday, August 30. $2.59 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Wehner David M. on Monday, August 21.

First Washington Corp, which manages about $237.40 million and $200.86 million US Long portfolio, upped its stake in Comstock Res Inc by 256,122 shares to 368,562 shares, valued at $2.24M in 2017Q3, according to the filing.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 220 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Facebook, Inc. (NASDAQ:FB) earned “Overweight” rating by JP Morgan on Tuesday, September 27. The rating was maintained by Mizuho on Thursday, February 2 with “Buy”. The firm has “Outperform” rating by Wedbush given on Thursday, April 28. The firm has “Buy” rating by Piper Jaffray given on Monday, September 4. The rating was downgraded by Jyske Bank to “Sell” on Friday, October 30. On Tuesday, January 3 the stock rating was initiated by Aegis Capital with “Buy”. As per Friday, September 1, the company rating was maintained by Robert W. Baird. The rating was maintained by Deutsche Bank with “Buy” on Thursday, July 30. Canaccord Genuity maintained the shares of FB in report on Monday, October 9 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) earned “Strong Buy” rating by Raymond James on Thursday, July 27.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on February, 7. They expect $1.94 earnings per share, up 56.45% or $0.70 from last year’s $1.24 per share. FB’s profit will be $5.64 billion for 23.17 P/E if the $1.94 EPS becomes a reality. After $1.59 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 22.01% EPS growth.

Osterweis Capital Management Inc, which manages about $1.62B and $1.33 billion US Long portfolio, upped its stake in Planet Fitness Inc by 36,950 shares to 165,190 shares, valued at $4.46M in 2017Q3, according to the filing. It also increased its holding in Alarm Com Hldgs Inc by 31,205 shares in the quarter, for a total of 65,615 shares, and has risen its stake in The Trade Desk Inc.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on January, 23. They expect $1.72 EPS, up 8.86% or $0.14 from last year’s $1.58 per share. JNJ’s profit will be $4.62B for 21.37 P/E if the $1.72 EPS becomes a reality. After $1.90 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -9.47% negative EPS growth.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 86 analyst reports since August 7, 2015 according to SRatingsIntel. RBC Capital Markets maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, July 20 with “Outperform” rating. The rating was maintained by Wells Fargo on Friday, January 12 with “Buy”. The firm earned “Buy” rating on Monday, July 10 by RBC Capital Markets. Barclays Capital maintained it with “Equal-Weight” rating and $148 target in Wednesday, October 18 report. Piper Jaffray maintained Johnson & Johnson (NYSE:JNJ) rating on Tuesday, July 18. Piper Jaffray has “Hold” rating and $12000 target. The firm has “Neutral” rating given on Friday, December 18 by Atlantic Securities. The firm has “Neutral” rating by Piper Jaffray given on Monday, October 5. The firm earned “Sell” rating on Friday, May 20 by Standpoint Research. Vetr downgraded the shares of JNJ in report on Monday, August 31 to “Strong-Buy” rating. Jefferies maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, October 18 with “Buy” rating.

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