Celgene (CELG) Holder Pillar Pacific Capital Management Upped Position; Arrow Financial Lowered Its Position in Facebook (FB) by $502,480

May 22, 2018 - By Marie Mckinney

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Pillar Pacific Capital Management Llc increased its stake in Celgene Corp (CELG) by 4.45% based on its latest 2017Q4 regulatory filing with the SEC. Pillar Pacific Capital Management Llc bought 3,150 shares as the company’s stock declined 19.30% with the market. The institutional investor held 73,991 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $7.72 million, up from 70,841 at the end of the previous reported quarter. Pillar Pacific Capital Management Llc who had been investing in Celgene Corp for a number of months, seems to be bullish on the $55.64 billion market cap company. The stock increased 2.57% or $1.92 during the last trading session, reaching $76.61. About 8.31 million shares traded or 12.59% up from the average. Celgene Corporation (NASDAQ:CELG) has declined 31.28% since May 22, 2017 and is downtrending. It has underperformed by 42.83% the S&P500.

Arrow Financial Corp decreased its stake in Facebook Inc (FB) by 5.37% based on its latest 2017Q4 regulatory filing with the SEC. Arrow Financial Corp sold 2,855 shares as the company’s stock declined 14.10% with the market. The institutional investor held 50,272 shares of the technology company at the end of 2017Q4, valued at $8.87M, down from 53,127 at the end of the previous reported quarter. Arrow Financial Corp who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $532.03B market cap company. The stock decreased 0.37% or $0.69 during the last trading session, reaching $183.8. About 11.09 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since May 22, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.72 EPS, up 30.30% or $0.40 from last year’s $1.32 per share. FB’s profit will be $4.98 billion for 26.72 P/E if the $1.72 EPS becomes a reality. After $1.69 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 1.78% EPS growth.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Livetradingnews.com which released: “Facebook, Inc. (NASDAQ:FB) Stock Consolidating” on May 21, 2018, also Nasdaq.com with their article: “Thursday’s Vital Data: Facebook, Inc. (FB), Apple Inc. (AAPL) and Alibaba Group Holding Ltd (BABA)” published on May 17, 2018, Seekingalpha.com published: “Zuckerberg testifies in Brussels” on May 22, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Bizjournals.com and their article: “Square, Facebook, other Silicon Valley executives are popular choice for nation’s boardrooms” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Facebook: Valuation Update After Quarterly Results With DCF Model” with publication date: May 21, 2018.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.06, from 1.15 in 2017Q3. It improved, as 57 investors sold FB shares while 621 reduced holdings. 147 funds opened positions while 670 raised stakes. 1.61 billion shares or 1.26% less from 1.63 billion shares in 2017Q3 were reported. Newfocus Grp Ltd Company accumulated 2,726 shares. Old Dominion Mngmt holds 0.21% in Facebook, Inc. (NASDAQ:FB) or 1,200 shares. Bainco Int accumulated 93,915 shares. Hamilton Lane Advisors Lc holds 7.53% in Facebook, Inc. (NASDAQ:FB) or 82,585 shares. Natl Pension Serv holds 1.90M shares or 1.67% of its portfolio. Moreover, Motco has 0.54% invested in Facebook, Inc. (NASDAQ:FB) for 30,293 shares. Viking Global Invsts Lp holds 4.19% or 3.86 million shares in its portfolio. Seabridge Investment Advsrs Ltd Liability reported 0.07% of its portfolio in Facebook, Inc. (NASDAQ:FB). First Heartland Consultants Inc, Missouri-based fund reported 9,292 shares. State Of Alaska Department Of Revenue accumulated 228,877 shares. Wedge Capital L Ltd Partnership Nc has 0% invested in Facebook, Inc. (NASDAQ:FB) for 2,513 shares. Element Capital Management Ltd Liability Co has invested 1.04% in Facebook, Inc. (NASDAQ:FB). Morgens Waterfall Vintiadis & Co holds 3.8% or 27,380 shares in its portfolio. Welch & Forbes Limited Liability Co has invested 1.08% in Facebook, Inc. (NASDAQ:FB). Shamrock Asset Mngmt Limited Co accumulated 166 shares.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 270 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, November 2. On Thursday, November 2 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Buy” rating on Friday, October 27 by Monness Crespi & Hardt. As per Friday, May 13, the company rating was maintained by M Partners. The firm has “Buy” rating by Monness Crespi given on Thursday, April 28. The rating was maintained by Citigroup with “Buy” on Monday, September 19. On Thursday, November 3 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 2. The company was maintained on Tuesday, September 19 by Mizuho. The firm has “Outperform” rating given on Thursday, July 30 by Oppenheimer.

Since December 7, 2017, it had 0 buys, and 54 insider sales for $2.31 billion activity. Another trade for 38,042 shares valued at $6.77M was sold by Schroepfer Michael Todd. Shares for $9.75 million were sold by Sandberg Sheryl. On Thursday, December 7 the insider Cox Christopher K sold $2.83 million. 16,500 shares were sold by Stretch Colin, worth $2.88M. FISCHER DAVID B. sold $3.29 million worth of stock. Another trade for 14,901 shares valued at $2.66M was sold by Wehner David M..

Among 35 analysts covering Celgene Corporation (NASDAQ:CELG), 20 have Buy rating, 1 Sell and 14 Hold. Therefore 57% are positive. Celgene Corporation had 146 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, January 8 by Stifel Nicolaus. Bank of America downgraded the stock to “Hold” rating in Friday, January 5 report. Jefferies maintained Celgene Corporation (NASDAQ:CELG) rating on Sunday, October 15. Jefferies has “Buy” rating and $160.0 target. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, April 4. Leerink Swann maintained the shares of CELG in report on Friday, July 28 with “Outperform” rating. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, April 19. The stock of Celgene Corporation (NASDAQ:CELG) earned “Buy” rating by Mizuho on Monday, February 5. The stock of Celgene Corporation (NASDAQ:CELG) has “Buy” rating given on Tuesday, August 22 by Cantor Fitzgerald. The stock of Celgene Corporation (NASDAQ:CELG) earned “Buy” rating by Canaccord Genuity on Friday, October 27. Canaccord Genuity maintained it with “Buy” rating and $156 target in Friday, November 6 report.

Pillar Pacific Capital Management Llc, which manages about $683.62 million and $820.69 million US Long portfolio, decreased its stake in Marathon Oil Corp (NYSE:MRO) by 22,743 shares to 116,505 shares, valued at $1.97M in 2017Q4, according to the filing. It also reduced its holding in Continental Res Inc Okla Com (NYSE:CLR) by 7,115 shares in the quarter, leaving it with 60,871 shares, and cut its stake in Martin Marietta Matls Com (NYSE:MLM).

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.34, from 1.17 in 2017Q3. It fall, as 156 investors sold CELG shares while 478 reduced holdings. 118 funds opened positions while 411 raised stakes. 561.38 million shares or 7.06% less from 603.99 million shares in 2017Q3 were reported. Shine Advisory stated it has 0.01% in Celgene Corporation (NASDAQ:CELG). Tobam has 0.35% invested in Celgene Corporation (NASDAQ:CELG) for 77,695 shares. 254 are held by Lenox Wealth Advisors Inc. New England Rech Mgmt, a Illinois-based fund reported 12,626 shares. Moreover, Eagleclaw Capital Managment Ltd has 0.62% invested in Celgene Corporation (NASDAQ:CELG). Benin Corp invested in 9,805 shares or 0.41% of the stock. Carret Asset Mgmt Limited Com holds 0.17% or 10,525 shares. Cibc Markets reported 376,743 shares stake. Valley Natl Advisers holds 8,016 shares or 0.29% of its portfolio. Eads And Heald Counsel invested 0.57% in Celgene Corporation (NASDAQ:CELG). Parallax Volatility Advisers Lp has invested 0.01% in Celgene Corporation (NASDAQ:CELG). Congress Asset Ma holds 0.11% or 72,054 shares. 2,446 were reported by Diversified. Citadel Advsr Ltd Liability accumulated 3.71 million shares. Bartlett Com Ltd Liability Com invested in 2,160 shares.

Since February 8, 2018, it had 1 buy, and 3 sales for $3.58 million activity. MARIO ERNEST had sold 13,370 shares worth $1.26M. Another trade for 9,250 shares valued at $851,093 was sold by LOUGHLIN JAMES J. 18,500 shares were sold by KAPLAN GILLA, worth $1.77 million.

More notable recent Celgene Corporation (NASDAQ:CELG) news were published by: Seekingalpha.com which released: “Celgene And Otezla Are Cracking” on May 14, 2018, also Seekingalpha.com with their article: “Celgene: Still (Looks) Appealing” published on May 21, 2018, Finance.Yahoo.com published: “5 Top Stock Trades for Tuesday Morning” on May 22, 2018. More interesting news about Celgene Corporation (NASDAQ:CELG) were released by: Benzinga.com and their article: “Celgene Forges Oncology Partnership With Germany’s Evotec” published on May 22, 2018 as well as Finance.Yahoo.com‘s news article titled: “Celgene Corporation: How to Effectively Buy Into CELG Stock” with publication date: May 22, 2018.

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