Corvex Management LP Cut Facebook (FB) Position; Yakira Capital Management Lowered By $771,072 Its Liberty Global Plc (LBTYA) Position

November 14, 2017 - By Hazel Jackson

Yakira Capital Management Inc decreased Liberty Global Plc (LBTYA) stake by 49.76% reported in 2017Q2 SEC filing. Yakira Capital Management Inc sold 24,096 shares as Liberty Global Plc (LBTYA)’s stock declined 18.04%. The Yakira Capital Management Inc holds 24,325 shares with $781,000 value, down from 48,421 last quarter. Liberty Global Plc now has $6.58B valuation. The stock decreased 1.38% or $0.41 during the last trading session, reaching $29.35. About 1.45M shares traded. Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) has declined 3.90% since November 14, 2016 and is downtrending. It has underperformed by 20.60% the S&P500.

Corvex Management Lp decreased Facebook Inc (FB) stake by 3.88% reported in 2017Q2 SEC filing. Corvex Management Lp sold 33,000 shares as Facebook Inc (FB)’s stock rose 10.88%. The Corvex Management Lp holds 817,000 shares with $123.35M value, down from 850,000 last quarter. Facebook Inc now has $517.44B valuation. The stock rose 0.01% or $0.01 reaching $178.08. About 9.52 million shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since November 14, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

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 22.95 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.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 207 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, July 24 by Canaccord Genuity. The firm has “Buy” rating given on Thursday, November 3 by Jefferies. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Robert W. Baird on Tuesday, October 17. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Loop Capital on Friday, September 23. The firm has “Outperform” rating by Robert W. Baird given on Thursday, July 30. The firm has “Buy” rating given on Wednesday, July 19 by Needham. M Partners maintained the shares of FB in report on Friday, May 13 with “Buy” rating. On Thursday, February 2 the stock rating was downgraded by Pivotal Research to “Hold”. As per Thursday, July 30, the company rating was maintained by Piper Jaffray. Global Equities Research maintained Facebook Inc (NASDAQ:FB) rating on Friday, August 28. Global Equities Research has “Overweight” rating and $95 target.

Since May 15, 2017, it had 0 insider purchases, and 14 sales for $147.86 million activity. Wehner David M. sold $2.30M worth of stock or 15,470 shares. The insider Schroepfer Michael Todd sold $5.71M. 750 shares were sold by Stretch Colin, worth $111,404. 16,000 shares were sold by Cox Christopher K, worth $2.37 million on Monday, May 22. On Thursday, May 18 the insider Desmond-Hellmann Susan sold $30,236. Shares for $42.50 million were sold by Zuckerberg Mark. Sandberg Sheryl sold 163,500 shares worth $24.45M.

Investors sentiment increased to 1.4 in 2017 Q2. Its up 0.05, from 1.35 in 2017Q1. It improved, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported. Sentinel Asset Mngmt Inc owns 0.23% invested in Facebook Inc (NASDAQ:FB) for 62,300 shares. Cwm Ltd Liability Co accumulated 3,435 shares. 121,630 are owned by Beach Inv Mngmt Llc. Cmt Asset Limited holds 0.03% in Facebook Inc (NASDAQ:FB) or 3,435 shares. Stillwater Cap Ltd reported 2,018 shares or 0.08% of all its holdings. Atria Ltd Liability Com reported 0.99% of its portfolio in Facebook Inc (NASDAQ:FB). Benchmark Cap accumulated 3,550 shares or 0.42% of the stock. Palo Capital Incorporated holds 0.79% in Facebook Inc (NASDAQ:FB) or 9,247 shares. Wellington Shields Co Limited Co holds 2,835 shares or 0.15% of its portfolio. Gillespie Robinson & Grimm Inc reported 225,102 shares stake. Alphaone Inv Limited Co has invested 3.52% of its portfolio in Facebook Inc (NASDAQ:FB). Intersect Capital Llc has 24,211 shares for 2.19% of their portfolio. Ubs Oconnor Ltd Com reported 0% stake. The Arizona-based Ironwood Fin Ltd Liability has invested 0.01% in Facebook Inc (NASDAQ:FB). Moore Mgmt Lp holds 5.83% in Facebook Inc (NASDAQ:FB) or 1.26 million shares.

Analysts await Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) to report earnings on February, 15. They expect $-0.12 EPS, down 104.90% or $2.57 from last year’s $2.45 per share. After $-0.55 actual EPS reported by Liberty Global plc – Class A Ordinary Shares for the previous quarter, Wall Street now forecasts -78.18% EPS growth.

Yakira Capital Management Inc increased Turkish Invt Fd Inc (TKF) stake by 243,175 shares to 260,264 valued at $2.51M in 2017Q2. It also upped Boulevard Acquisition stake by 519,500 shares and now owns 557,819 shares. Advent Claymore Enh Grw & In (LCM) was raised too.

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