Paradigm Asset Management Co Llc Decreased Best Buy Inc. (NYSE:BBY) Stake By $256.32 Million

November 24, 2017 - By Dolores Ford

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.22, from 1.01 in 2017Q1. It fall, as 43 investors sold BBY shares while 213 reduced holdings. 88 funds opened positions while 113 raised stakes. 253.45 million shares or 5.82% less from 269.11 million shares in 2017Q1 were reported. Manning Napier Advsrs Ltd Limited Liability Company holds 0.03% or 68,303 shares. 29,888 were reported by Dnb Asset Mgmt As. Globeflex Cap L P invested in 42,720 shares or 0.6% of the stock. Alpha Windward Ltd Llc stated it has 9,720 shares. Ledyard Bankshares reported 1,045 shares or 0.01% of all its holdings. Hightower Advsrs Ltd Limited Liability Company owns 160,775 shares. Moreover, Conning has 0.03% invested in Best Buy Co Inc (NYSE:BBY). Ameriprise Fin accumulated 6.14 million shares. Keybank Association Oh owns 0% invested in Best Buy Co Inc (NYSE:BBY) for 3,492 shares. Employees Retirement System Of Texas invested 0.12% in Best Buy Co Inc (NYSE:BBY). Jane Street Gru Limited Company holds 0.05% or 238,612 shares in its portfolio. Nomura Hldgs Inc accumulated 20,309 shares. 92,334 are owned by Rafferty Asset Limited. Hbk Investments L P reported 229,695 shares. Nuveen Asset Llc holds 257,094 shares or 0.09% of its portfolio.

Since May 25, 2017, it had 0 buys, and 5 selling transactions for $6.48 million activity. The insider MOHAN RAJENDRA M sold 63,631 shares worth $3.82 million. On Friday, May 26 Walker Patricia H sold $597,091 worth of Best Buy Co Inc (NYSE:BBY) or 9,974 shares. On Friday, June 9 Watson Mathew sold $29,679 worth of Best Buy Co Inc (NYSE:BBY) or 503 shares. On Wednesday, May 31 the insider Nelsen Keith J sold $3.25 million. Shares for $892,262 were sold by Ballard Shari L.

Paradigm Asset Management Co Llc decreased its stake in Best Buy Inc. (NYSE:BBY) by 26.01% based on its latest 2017Q3 regulatory filing with the SEC. Paradigm Asset Management Co Llc sold 4,500 shares as the company’s stock rose 13.46% with the market. The institutional investor held 12,800 shares of the consumer services company at the end of 2017Q3, valued at $729.09M, down from 17,300 at the end of the previous reported quarter. Paradigm Asset Management Co Llc who had been investing in Best Buy Inc. for a number of months, seems to be less bullish one the $16.99B market cap company. The stock rose 0.53% or $0.3 reaching $56.78. About 44,984 shares traded. Best Buy Co Inc (NYSE:BBY) has risen 62.80% since November 24, 2016 and is uptrending. It has outperformed by 46.10% the S&P500.

Paradigm Asset Management Co Llc, which manages about $386.05 billion US Long portfolio, upped its stake in Canadian Pacific Railway () by 1,000 shares to 2,700 shares, valued at $452.46 million in 2017Q3, according to the filing. It also increased its holding in Imperial Oil Ltd (NYSEMKT:IMO) by 5,000 shares in the quarter, for a total of 18,900 shares, and has risen its stake in Fomento Economico Mex (NYSE:FMX).

Best Buy Co Inc (NYSE:BBY) Ratings Coverage

Among 26 analysts covering Best Buy Co (NYSE:BBY), 10 have Buy rating, 3 Sell and 13 Hold. Therefore 38% are positive. Best Buy Co had 91 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Best Buy Co Inc (NYSE:BBY) earned “Outperform” rating by Telsey Advisory Group on Friday, February 26. The rating was upgraded by Bank of America on Thursday, November 17 to “Neutral”. The company was maintained on Friday, November 10 by RBC Capital Markets. The company was maintained on Thursday, November 16 by Loop Capital Markets. The company was maintained on Monday, January 18 by RBC Capital Markets. The firm has “Buy” rating by Raymond James given on Wednesday, August 24. Telsey maintained Best Buy Co Inc (NYSE:BBY) rating on Wednesday, August 26. Telsey has “Outperform” rating and $45 target. RBC Capital Markets maintained Best Buy Co Inc (NYSE:BBY) rating on Thursday, August 3. RBC Capital Markets has “Hold” rating and $6000 target. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, March 2. The firm has “Hold” rating by Deutsche Bank given on Friday, November 17.

Best Buy Co., Inc. is a provider of technology products, services and solutions. The company has market cap of $16.99 billion. The Firm offers services and products to the clients visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has a 14.38 P/E ratio. It has activities in the United States, Canada and Mexico.

More notable recent Best Buy Co Inc (NYSE:BBY) news were published by: Nasdaq.com which released: “Earnings Reaction History: Best Buy Co. Inc., 75.0% Follow-Through Indicator …” on November 16, 2017, also Finance.Yahoo.com with their article: “The Best Cyber Monday Best Buy Deals for 2017” published on November 21, 2017, Investorplace.com published: “Best Buy Co Inc Has Found Its Niche – And So Has Its Stock” on November 22, 2017. More interesting news about Best Buy Co Inc (NYSE:BBY) were released by: Nasdaq.com and their article: “Best Buy Co Inc. Q3 Profit Climbs 23%” published on November 16, 2017 as well as Reuters.com‘s news article titled: “Late arrival of iPhone X clouds Best Buy’s results” with publication date: November 16, 2017.

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