Light Street Capital Management Decreased Its Facebook (FB) Position by $14.47 Million; Bulldog Investors Has Trimmed New York Reit (NYRT) Stake as Share Value Rose

August 12, 2018 - By Billy Entrekin

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Bulldog Investors Llc decreased its stake in New York Reit Inc (NYRT) by 82.95% based on its latest 2018Q1 regulatory filing with the SEC. Bulldog Investors Llc sold 3.46 million shares as the company’s stock rose 11.80% while stock markets declined. The hedge fund held 712,106 shares of the consumer services company at the end of 2018Q1, valued at $15.32 million, down from 4.18 million at the end of the previous reported quarter. Bulldog Investors Llc who had been investing in New York Reit Inc for a number of months, seems to be less bullish one the $304.44 million market cap company. The stock decreased 0.49% or $0.09 during the last trading session, reaching $18.13. About 56,556 shares traded. New York REIT, Inc. (NYSE:NYRT) has declined 6.39% since August 12, 2017 and is downtrending. It has underperformed by 18.96% the S&P500.

Light Street Capital Management Llc decreased its stake in Facebook Inc (FB) by 22.75% based on its latest 2018Q1 regulatory filing with the SEC. Light Street Capital Management Llc sold 90,983 shares as the company’s stock declined 0.01% with the market. The hedge fund held 309,017 shares of the technology company at the end of 2018Q1, valued at $49.38M, down from 400,000 at the end of the previous reported quarter. Light Street Capital Management Llc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $520.45 billion market cap company. The stock decreased 1.55% or $2.83 during the last trading session, reaching $180.26. About 20.35 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since August 12, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 16/05/2018 – Mark Zuckerberg will go to Europe to answer questions – in private – from EU regulators The Facebook CEO is headed overseas “as soon as possible.”; 28/03/2018 – INDIA SEEKS MORE INFO FROM FACEBOOK ON REPORTS OF DATA BREACH; 25/04/2018 – Schumer aide clears hurdle on way to FTC confirmation; 20/03/2018 – RPT-ANALYSIS-Privacy issues emerge as major business risk for Facebook; 21/03/2018 – Nine News Australia: #BREAKING: Facebook founder Mark Zuckerburg has broken his silence over a scandal involving the profiles; 21/03/2018 – Zuckerberg: I haven’t seen a ‘meaningful number of people’ deleting Facebook accounts; 08/05/2018 – MEDIA-Cambridge Analytica won’t be revived under new company name – Bloomberg; 27/03/2018 – Facebook is facing questions following reports that research firm Cambridge Analytica improperly gained access to the personal data of more than 50 million Facebook users; 22/03/2018 – LAWMAKERS SAY FACEBOOK BRIEFED COMMITTEE STAFF YESTERDAY BUT ‘MANY QUESTIONS WERE LEFT UNANSWERED’; 25/04/2018 – Facebook Quarterly Earnings Beat Expectations (Video)

Bulldog Investors Llc, which manages about $594.55 million and $366.33M US Long portfolio, upped its stake in Alliance Calif Muni Income (AKP) by 474,901 shares to 625,484 shares, valued at $7.95M in 2018Q1, according to the filing. It also increased its holding in Leisure Acquisition Corp Unit by 58,600 shares in the quarter, for a total of 172,500 shares, and has risen its stake in China Fund Inc (CHN).

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. New York REIT had 10 analyst reports since October 9, 2015 according to SRatingsIntel. As per Sunday, March 18, the company rating was maintained by SunTrust. The stock of New York REIT, Inc. (NYSE:NYRT) earned “Hold” rating by SunTrust on Friday, November 3. As per Friday, October 30, the company rating was initiated by Compass Point. The company was upgraded on Monday, November 16 by Evercore. Compass Point initiated New York REIT, Inc. (NYSE:NYRT) on Thursday, June 30 with “Buy” rating. The stock has “Hold” rating by SunTrust on Friday, December 1. The rating was upgraded by JMP Securities on Friday, October 9 to “Mkt Outperform”. SunTrust maintained the stock with “Hold” rating in Wednesday, January 31 report.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on November, 7. They expect $1.48 EPS, down 6.92% or $0.11 from last year’s $1.59 per share. FB’s profit will be $4.27B for 30.45 P/E if the $1.48 EPS becomes a reality. After $1.74 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts -14.94% negative EPS growth.

Among 56 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 4 Hold. Therefore 89% are positive. Facebook had 291 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Monday, April 16. The firm earned “Buy” rating on Monday, July 24 by Bank of America. The firm earned “Buy” rating on Thursday, July 27 by Credit Suisse. Jyske Bank downgraded the shares of FB in report on Friday, October 30 to “Sell” rating. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, July 30 by UBS. The rating was maintained by Goldman Sachs on Thursday, April 28 with “Buy”. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by KeyBanc Capital Markets on Monday, April 9. Oppenheimer maintained Facebook, Inc. (NASDAQ:FB) on Thursday, July 30 with “Outperform” rating. The stock has “Buy” rating by RBC Capital Markets on Wednesday, June 7. As per Thursday, February 1, the company rating was maintained by Robert W. Baird.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Seekingalpha.com which released: “Facebook trims gains after response to WSJ banking story” on August 06, 2018, also Seekingalpha.com with their article: “Facebook Is Already Recovering Again” published on August 10, 2018, Nasdaq.com published: “Alex Jones Temporarily Banned By Facebook (FB)” on July 28, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “Facebook: Short-Term Pain Equals Long-Term Gain” published on August 07, 2018 as well as Nasdaq.com‘s news article titled: “Better Buy: Amazon (AMZN) vs. Facebook (FB) Stock” with publication date: July 20, 2018.

Light Street Capital Management Llc, which manages about $928.09M and $1.22 billion US Long portfolio, upped its stake in Wayfair Inc (NYSE:W) by 603,945 shares to 1.58 million shares, valued at $106.63 million in 2018Q1, according to the filing. It also increased its holding in Square Inc by 39,088 shares in the quarter, for a total of 1.26 million shares, and has risen its stake in Okta Inc.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.34, from 1.21 in 2017Q4. It dropped, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. Highland Cap Management LP reported 49,000 shares. Moreover, Wealthtrust has 0.51% invested in Facebook, Inc. (NASDAQ:FB). New York State Teachers Retirement invested in 1.57% or 4.04M shares. Sit Inv Inc owns 56,370 shares. Regent Invest Management Limited owns 60,311 shares. Qvt Fincl Lp holds 1.02% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 61,100 shares. Coatue Mgmt Llc has 5.70M shares. Harvey Capital Management holds 29,500 shares. Ws Management Lllp invested 1.71% of its portfolio in Facebook, Inc. (NASDAQ:FB). Menora Mivtachim Ltd owns 180,475 shares for 0.91% of their portfolio. First National Tru, Pennsylvania-based fund reported 24,157 shares. Tower Bridge Advsrs reported 0% in Facebook, Inc. (NASDAQ:FB). Gateway Advisers Ltd Liability holds 1.82% or 1.28M shares. Lord Abbett Co Ltd Liability Company invested in 0.15% or 305,873 shares. Jackson Wealth Management Ltd Limited Liability Company invested in 0.79% or 18,173 shares.

Since February 12, 2018, it had 0 insider purchases, and 98 insider sales for $4.56 billion activity. Zuckerberg Mark had sold 457,000 shares worth $87.79 million. 55,000 shares were sold by Sandberg Sheryl, worth $9.61 million on Friday, March 2. Stretch Colin had sold 750 shares worth $146,055. 10,600 shares valued at $2.06M were sold by Cox Christopher K on Monday, July 2. FISCHER DAVID B. also sold $3.36 million worth of Facebook, Inc. (NASDAQ:FB) shares. On Tuesday, July 10 Schroepfer Michael Todd sold $7.74M worth of Facebook, Inc. (NASDAQ:FB) or 37,982 shares.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

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