As Fleetcor Technologies (FLT) Valuation Rose, Pictet Asset Management LTD Has Lifted Holding; Qualcomm (QCOM) Holder Blume Capital Management Cut Its Holding as Valuation Declined

May 25, 2018 - By Linda Rogers

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Pictet Asset Management Ltd increased its stake in Fleetcor Technologies Inc (FLT) by 7.07% based on its latest 2017Q4 regulatory filing with the SEC. Pictet Asset Management Ltd bought 2,285 shares as the company’s stock rose 4.28% while stock markets declined. The institutional investor held 34,585 shares of the miscellaneous company at the end of 2017Q4, valued at $6.66M, up from 32,300 at the end of the previous reported quarter. Pictet Asset Management Ltd who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $18.23 billion market cap company. The stock increased 0.50% or $1.02 during the last trading session, reaching $203.38. About 316,509 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 27.04% since May 25, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

Blume Capital Management Inc decreased its stake in Qualcomm Inc (QCOM) by 7.73% based on its latest 2017Q4 regulatory filing with the SEC. Blume Capital Management Inc sold 6,475 shares as the company’s stock declined 15.28% with the market. The institutional investor held 77,335 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $4.95M, down from 83,810 at the end of the previous reported quarter. Blume Capital Management Inc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $88.41B market cap company. The stock increased 0.93% or $0.55 during the last trading session, reaching $59.63. About 1.72M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since May 25, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

More important recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Globenewswire.com which released: “Update: Lawsuit for Investors in shares of FleetCor Technologies, Inc. (NYSE: FLT) announced by Shareholders …” on May 22, 2018, also Seekingalpha.com published article titled: “FleetCor Technologies (FLT) Q1 2018 Results – Earnings Call Transcript”, Bizjournals.com published: “Coca-Cola among Georgia companies to dip on Fortune 500 list (Slideshow)” on May 21, 2018. More interesting news about FleetCor Technologies, Inc. (NYSE:FLT) was released by: Globenewswire.com and their article: “SHAREHOLDER UPDATE: FleetCor Technologies, Inc. – FLT” with publication date: May 23, 2018.

Investors sentiment decreased to 1.2 in 2017 Q4. Its down 0.07, from 1.27 in 2017Q3. It fall, as 25 investors sold FLT shares while 118 reduced holdings. 73 funds opened positions while 99 raised stakes. 81.94 million shares or 2.11% less from 83.71 million shares in 2017Q3 were reported. First Trust Advisors Limited Partnership accumulated 30,022 shares or 0.01% of the stock. Utd Capital Advisers Limited Liability Company stated it has 1,283 shares or 0% of all its holdings. Avalon Advsrs Ltd reported 0.09% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). First Natl Bank reported 1,183 shares. Moreover, Alta Mgmt Ltd Liability has 1.21% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 100,187 shares. 8,445 are owned by Cambridge Inv Rech. 25,261 are owned by Korea Inv. Arizona State Retirement Systems accumulated 6,200 shares or 0.01% of the stock. Atlantic Ltd Liability Company, Georgia-based fund reported 390,765 shares. Connecticut-based Sustainable Growth Advisers Limited Partnership has invested 4.67% in FleetCor Technologies, Inc. (NYSE:FLT). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt owns 18,500 shares or 0.03% of their US portfolio. Kbc Gru Inc Nv accumulated 52,704 shares. Quantitative Investment Ltd owns 38,800 shares for 0.11% of their portfolio. Strategic Glob Advisors Lc reported 0.13% stake. Two Sigma Secs Ltd Liability Corporation reported 1,459 shares.

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 20 by Oppenheimer. As per Thursday, August 3, the company rating was maintained by Oppenheimer. The firm has “Buy” rating given on Wednesday, November 1 by Oppenheimer. Jefferies maintained the shares of FLT in report on Wednesday, October 11 with “Buy” rating. Keefe Bruyette & Woods maintained the shares of FLT in report on Wednesday, February 3 with “Outperform” rating. The company was maintained on Wednesday, March 14 by Morgan Stanley. The firm has “Overweight” rating given on Wednesday, October 18 by Morgan Stanley. The stock has “Buy” rating by Citigroup on Thursday, July 13. Citigroup initiated the stock with “Buy” rating in Thursday, December 15 report. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Monness Crespi & Hardt on Wednesday, January 27.

Pictet Asset Management Ltd, which manages about $38.87 billion US Long portfolio, decreased its stake in Perkinelmer Inc (NYSE:PKI) by 160,523 shares to 2.78 million shares, valued at $203.36 million in 2017Q4, according to the filing. It also reduced its holding in Kellogg Co (NYSE:K) by 68,542 shares in the quarter, leaving it with 156,382 shares, and cut its stake in American Woodmark Corp (NASDAQ:AMWD).

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 2 Sell and 20 Hold. Therefore 41% are positive. Qualcomm Inc. had 157 analyst reports since July 23, 2015 according to SRatingsIntel. BMO Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Wednesday, November 1. BMO Capital Markets has “Hold” rating and $57.0 target. On Tuesday, March 13 the stock rating was maintained by Canaccord Genuity with “Buy”. Susquehanna maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, April 26. Susquehanna has “Buy” rating and $6200 target. The company was downgraded on Monday, January 23 by Instinet. The stock has “Positive” rating by Susquehanna on Wednesday, January 13. The firm has “Outperform” rating given on Wednesday, November 8 by RBC Capital Markets. Northland Capital maintained it with “Hold” rating and $62.5 target in Wednesday, September 6 report. The rating was maintained by Goldman Sachs with “Buy” on Thursday, July 21. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Hold” rating given on Thursday, July 20 by Nomura. The rating was maintained by Canaccord Genuity on Monday, June 26 with “Buy”.

Since January 9, 2018, it had 0 insider purchases, and 8 insider sales for $7.62 million activity. Shares for $2.81 million were sold by GROB MATTHEW S on Tuesday, January 9. 663 shares valued at $37,519 were sold by ROGERS ALEXANDER H on Tuesday, March 27. $618,603 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by Rosenberg Donald J. $852,989 worth of QUALCOMM Incorporated (NASDAQ:QCOM) was sold by AMON CRISTIANO R.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Facebook, Qualcomm Teaming Up on High-Speed Internet” on May 21, 2018, also 247Wallst.com with their article: “Short Sellers Hike Bets in Major Semiconductors” published on May 25, 2018, Nasdaq.com published: “3 Ways You Can Win The US-China Trade War” on May 24, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: 247Wallst.com and their article: “US Promises Help for ZTE; China Reopens Qualcomm-NXP Merger Deliberations” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” with publication date: May 17, 2018.

Blume Capital Management Inc, which manages about $302.15 million and $195.35M US Long portfolio, upped its stake in Schlumberger (NYSE:SLB) by 8,725 shares to 115,286 shares, valued at $7.77 million in 2017Q4, according to the filing. It also increased its holding in Ishares Biotech Fund (IBB) by 48,519 shares in the quarter, for a total of 72,891 shares, and has risen its stake in Tjx Companies Inc. (NYSE:TJX).

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By1 Linda Rogers

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