As Facebook (FB) Stock Value Rose, Main Street Research Has Cut Holding by $336,940; Triangle Securities Wealth Management Lifted Its Adobe Sys (ADBE) Position by $451,321 as Valuation Rose

February 13, 2018 - By Michael Collier

Triangle Securities Wealth Management increased its stake in Adobe Sys Inc (ADBE) by 79.29% based on its latest 2017Q3 regulatory filing with the SEC. Triangle Securities Wealth Management bought 3,029 shares as the company’s stock rose 14.01% with the market. The institutional investor held 6,849 shares of the prepackaged software company at the end of 2017Q3, valued at $1.02 million, up from 3,820 at the end of the previous reported quarter. Triangle Securities Wealth Management who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $94.05B market cap company. The stock decreased 0.43% or $0.821 during the last trading session, reaching $191.329. About 236,197 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 13, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Main Street Research Llc decreased its stake in Facebook Inc (FB) by 1.57% based on its latest 2017Q3 regulatory filing with the SEC. Main Street Research Llc sold 1,982 shares as the company’s stock rose 10.88% with the market. The institutional investor held 124,131 shares of the technology company at the end of 2017Q3, valued at $21.21M, down from 126,113 at the end of the previous reported quarter. Main Street Research Llc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $507.94 billion market cap company. The stock decreased 0.88% or $1.56 during the last trading session, reaching $174.85. About 3.87M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 13, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Since August 14, 2017, it had 0 insider purchases, and 33 sales for $395.73 million activity. Cox Christopher K sold 16,000 shares worth $2.83M. Shares for $502.59M were sold by Koum Jan on Tuesday, August 15. 38,055 shares were sold by Schroepfer Michael Todd, worth $6.57 million. The insider Wehner David M. sold $2.59 million. 254,525 shares were sold by Zuckerberg Mark, worth $42.50 million. $2.75 million worth of Facebook, Inc. (NASDAQ:FB) shares were sold by FISCHER DAVID B..

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It is 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. Hollencrest Ltd reported 8,741 shares. Chase Inv Counsel has 2.69% invested in Facebook, Inc. (NASDAQ:FB) for 29,968 shares. Vident Investment Advisory Ltd Com has 0.12% invested in Facebook, Inc. (NASDAQ:FB). Hayek Kallen Mngmt has 1,450 shares. Serv Automobile Association reported 2.94M shares. Ameriprise invested 1.61% in Facebook, Inc. (NASDAQ:FB). Wall Street Access Asset Mgmt Limited Com reported 2,958 shares. Vision Mngmt, Oregon-based fund reported 24,331 shares. Comerica Securities holds 0.65% or 27,302 shares. Hanson And Doremus accumulated 594 shares. Tortoise Inv Mgmt Limited Liability holds 1,496 shares. Nicholas Invest LP reported 2,981 shares or 0.04% of all its holdings. Cibc Mkts has 1.16% invested in Facebook, Inc. (NASDAQ:FB). Trexquant Investment LP reported 5,842 shares. The Japan-based Mitsubishi Ufj Trust And has invested 1.9% in Facebook, Inc. (NASDAQ:FB).

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. Cantor Fitzgerald maintained the stock with “Buy” rating in Thursday, November 3 report. The rating was maintained by Credit Suisse on Monday, October 17 with “Outperform”. The firm has “Buy” rating by UBS given on Thursday, November 2. On Thursday, November 3 the stock rating was downgraded by BTIG Research to “Neutral”. Needham maintained the stock with “Buy” rating in Thursday, November 2 report. Morgan Stanley maintained Facebook, Inc. (NASDAQ:FB) rating on Monday, October 2. Morgan Stanley has “Overweight” rating and $195 target. Mizuho maintained it with “Buy” rating and $107 target in Thursday, July 30 report. The rating was maintained by Canaccord Genuity on Monday, October 9 with “Buy”. The company was maintained on Tuesday, January 16 by Needham. The rating was maintained by RBC Capital Markets on Thursday, April 28 with “Outperform”.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It increased, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Moreover, Commercial Bank Of Stockton has 0.4% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 5,870 shares. Efg Asset Mgmt (Americas) has 1.54% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Japan-based Norinchukin Bankshares The has invested 0.11% in Adobe Systems Incorporated (NASDAQ:ADBE). 12,978 are held by Tuttle Tactical Ltd Com. Moreover, Meiji Yasuda Asset Limited has 0.3% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Melvin Capital Management Limited Partnership reported 395,000 shares stake. Aperio Gp Limited Liability Company reported 257,799 shares. Howe And Rusling stated it has 0.91% in Adobe Systems Incorporated (NASDAQ:ADBE). Commonwealth Equity Services Incorporated has 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Kames Public Limited Liability Company reported 0.38% in Adobe Systems Incorporated (NASDAQ:ADBE). Koch Industr reported 0.27% in Adobe Systems Incorporated (NASDAQ:ADBE). Private Asset Inc holds 0.03% or 216 shares in its portfolio. Factory Mutual Ins holds 339,000 shares or 0.55% of its portfolio. Asset Mgmt owns 0.23% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 47,554 shares. Oakworth Capital accumulated 231 shares or 0.01% of the stock.

Since September 13, 2017, it had 1 buying transaction, and 14 selling transactions for $79.49 million activity. $32.66 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by NARAYEN SHANTANU. Another trade for 6,376 shares valued at $1.26 million was made by DILLON MICHAEL A on Wednesday, January 31. LAMKIN BRYAN sold $5.97 million worth of stock or 30,000 shares. Rencher Bradley sold 18,410 shares worth $3.63 million. Banse Amy also bought $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. GESCHKE CHARLES M sold $3.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 10.

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