As Avalonbay Cmntys (AVB) Share Price Rose, Macquarie Group LTD Has Cut Its Position by $5.08 Million; Motco Has Raised Qualcomm (QCOM) Stake by $352,155

February 15, 2018 - By Peter Erickson

Macquarie Group Ltd decreased its stake in Avalonbay Cmntys Inc (AVB) by 10.7% based on its latest 2017Q3 regulatory filing with the SEC. Macquarie Group Ltd sold 28,518 shares as the company’s stock rose 7.12% with the market. The institutional investor held 238,080 shares of the consumer services company at the end of 2017Q3, valued at $42.48M, down from 266,598 at the end of the previous reported quarter. Macquarie Group Ltd who had been investing in Avalonbay Cmntys Inc for a number of months, seems to be less bullish one the $21.95B market cap company. The stock decreased 0.30% or $0.48 during the last trading session, reaching $158.92. About 874,669 shares traded or 22.50% up from the average. AvalonBay Communities, Inc. (NYSE:AVB) has risen 6.66% since February 15, 2017 and is uptrending. It has underperformed by 10.04% the S&P500.

Motco increased its stake in Qualcomm Inc (QCOM) by 5.66% based on its latest 2017Q3 regulatory filing with the SEC. Motco bought 6,905 shares as the company’s stock rose 2.14% with the market. The institutional investor held 128,980 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $6.69M, up from 122,075 at the end of the previous reported quarter. Motco who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $98.58B market cap company. The stock increased 1.35% or $0.89 during the last trading session, reaching $66.59. About 10.37M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since February 15, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Motco, which manages about $976.26M US Long portfolio, decreased its stake in Nextera Energy (NYSE:NEE) by 26,236 shares to 936 shares, valued at $137,000 in 2017Q3, according to the filing. It also reduced its holding in Apple Inc. (NASDAQ:AAPL) by 3,792 shares in the quarter, leaving it with 77,576 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

Since August 20, 2017, it had 0 buys, and 6 insider sales for $3.16 million activity. 43,000 shares valued at $2.81 million were sold by GROB MATTHEW S on Tuesday, January 9. $245,919 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by STERLING MICHELLE M.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. had 132 analyst reports since July 23, 2015 according to SRatingsIntel. Standpoint Research upgraded the stock to “Hold” rating in Monday, August 24 report. The stock has “Buy” rating by Canaccord Genuity on Thursday, July 21. The firm earned “Neutral” rating on Wednesday, December 14 by JP Morgan. The firm has “Buy” rating given on Tuesday, August 22 by KeyBanc Capital Markets. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Buy” rating by Susquehanna on Tuesday, January 16. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, June 28 with “Buy” rating. Northland Capital maintained it with “Hold” rating and $62.5000 target in Tuesday, August 1 report. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Thursday, January 14 by Argus Research. RBC Capital Markets maintained it with “Hold” rating and $55.0 target in Monday, October 30 report. The rating was maintained by RBC Capital Markets on Thursday, August 24 with “Hold”.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It dived, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. Conning reported 1.27% in QUALCOMM Incorporated (NASDAQ:QCOM). Welch And Forbes Llc invested in 194,399 shares. Wells Fargo & Com Mn accumulated 0.23% or 14.46 million shares. Point72 Asset Mngmt LP invested in 0.01% or 30,730 shares. 136,070 were accumulated by Hourglass Cap Limited Liability Com. 21,981 are owned by Compton Cap Mgmt Ri. Fairfield Bush stated it has 55,539 shares. Cambridge Investment Rech Advsr Incorporated reported 94,520 shares. Moreover, United Fincl Advisers Lc has 0.25% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Wealthfront accumulated 22,752 shares or 0.02% of the stock. Goldman Sachs Gru Inc holds 0.12% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 9.24 million shares. 3.36M are held by Bessemer Grp. Lenox Wealth owns 7 shares or 0% of their US portfolio. Old Dominion Cap Management Inc invested in 10,721 shares or 0.57% of the stock. Pioneer Bancshares N A Or has invested 0.18% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM).

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.41, from 0.86 in 2017Q2. It is positive, as 27 investors sold AVB shares while 128 reduced holdings. 58 funds opened positions while 139 raised stakes. 128.20 million shares or 3.63% less from 133.03 million shares in 2017Q2 were reported. California State Teachers Retirement System reported 240,343 shares. First Advsrs Lp has 168,438 shares for 0.08% of their portfolio. 11,789 are owned by Qs Lc. Teacher Retirement Systems Of Texas holds 0.03% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 27,076 shares. Aperio Grp Incorporated Ltd Liability holds 0.06% in AvalonBay Communities, Inc. (NYSE:AVB) or 62,613 shares. Riverhead Mngmt Limited Liability Corporation invested in 5,623 shares or 0.05% of the stock. Verition Fund Limited Co accumulated 3,547 shares or 0.05% of the stock. Hartford Finance Management holds 0.01% or 68 shares. First Merchants Corp reported 1,500 shares or 0.05% of all its holdings. 4,859 are held by Oakbrook Ltd Liability. The Wisconsin-based Northwestern Mutual Wealth Co has invested 0% in AvalonBay Communities, Inc. (NYSE:AVB). Ontario Teachers Pension Plan Board holds 42,110 shares or 0.1% of its portfolio. Monetary Mngmt Grp Inc holds 125 shares. Moreover, Finemark Fincl Bank & Tru has 0.06% invested in AvalonBay Communities, Inc. (NYSE:AVB) for 5,150 shares. Nelson Roberts Investment Advsr Ltd Llc owns 439 shares.

Macquarie Group Ltd, which manages about $55.75B US Long portfolio, upped its stake in Haverty Furniture Inc (NYSE:HVT) by 19,997 shares to 63,897 shares, valued at $1.67M in 2017Q3, according to the filing. It also increased its holding in Mastec Inc (NYSE:MTZ) by 404,076 shares in the quarter, for a total of 3.05M shares, and has risen its stake in Umpqua Hldgs Corp (NASDAQ:UMPQ).

Among 26 analysts covering Avalonbay Communities Inc. (NYSE:AVB), 11 have Buy rating, 1 Sell and 14 Hold. Therefore 42% are positive. Avalonbay Communities Inc. had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, September 6 by Sandler O’Neill. SunTrust maintained the stock with “Buy” rating in Friday, February 2 report. The rating was maintained by Robert W. Baird with “Buy” on Thursday, August 31. The firm earned “Hold” rating on Friday, February 2 by Sandler O’Neill. On Monday, September 25 the stock rating was upgraded by Evercore to “Outperform”. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Equal-Weight” rating given on Thursday, April 14 by Barclays Capital. KeyBanc Capital Markets maintained AvalonBay Communities, Inc. (NYSE:AVB) on Monday, October 23 with “Hold” rating. On Monday, April 11 the stock rating was downgraded by UBS to “Neutral”. As per Friday, November 10, the company rating was maintained by Robert W. Baird. JMP Securities downgraded AvalonBay Communities, Inc. (NYSE:AVB) on Wednesday, April 19 to “Market Perform” rating.

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By1 Peter Erickson

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