Managed Asset Portfolios Decreased Its Stake in Ebay (EBAY) by $7.24 Million as Market Value Declined; Newtyn Management Has Lowered Its Position in Time Warner (TWX) by $4.23 Million

June 14, 2018 - By Peter Erickson

Time Warner Inc. (NYSE:TWX) Logo

Noah Levy decreased its stake in Time Warner Inc (TWX) by 14.06% based on its latest 2018Q1 regulatory filing with the SEC. Newtyn Management Llc sold 45,000 shares as the company’s stock declined 1.16% with the market. The hedge fund run by Noah Levy held 275,000 shares of the television services company at the end of 2018Q1, valued at $26.01 million, down from 320,000 at the end of the previous reported quarter. Newtyn Management Llc who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $77.27 billion market cap company. The stock increased 0.84% or $0.82 during the last trading session, reaching $98.77. About 28.21 million shares traded or 324.88% up from the average. Time Warner Inc. (NYSE:TWX) has declined 5.23% since June 14, 2017 and is downtrending. It has underperformed by 17.80% the S&P500. Some Historical TWX News: 07/03/2018 – Aetna/CVS: Senate antitrust hearing on ice until AT&T trial decision – source familiar; 30/04/2018 – T, TWX: US v ATT: ruling expected on June 12, Judge Leon said. – ! $T $TWX; 15/03/2018 – JUDGE PRESIDING OVER TRIAL TO DETERMINE IF AT&T MAY BUY TIME WARNER SAYS OPENING ARGUMENTS WILL START WEDNESDAY FOLLOWING TWO DAYS OF HEARINGS ON OBJECTIONS; 24/05/2018 – TIME WARNER’S VIDEO ON-DEMAND SERVICE LAUNCHES IN FRANCE, SPAIN; 15/05/2018 – AT&T INC – IS HOPEFUL CO CAN RETURN TO WIRELESS SERVICE REVENUE GROWTH ON A COMPARABLE BASIS IN SECOND HALF OF 2018; 20/03/2018 – Harvard Kennedy School Creates a Student Fellowship in Honor of Lisa Garcia Quiroz; 30/04/2018 – AT&T’s Time Warner Takeover at Crossroads as Judge Weighs Ruling; 13/03/2018 – Hedge Funds Too Optimistic on AT&T-Time Warner Deal: Gayeski (Video); 30/05/2018 – STEPHENSON SAYS AT&T HOPED TO GAIN INSIGHT FROM COHEN INTO TRUMP BUT HIRING WAS A ‘BAD MISTAKE’; 19/04/2018 – Dealbook: Did Jeff Bewkes Help Time Warner’s Cause in Court?: DealBook Briefing

Managed Asset Portfolios Llc decreased its stake in Ebay Inc (EBAY) by 38.61% based on its latest 2018Q1 regulatory filing with the SEC. Managed Asset Portfolios Llc sold 103,408 shares as the company’s stock declined 13.44% with the market. The institutional investor held 164,408 shares of the business services company at the end of 2018Q1, valued at $11.58M, down from 267,816 at the end of the previous reported quarter. Managed Asset Portfolios Llc who had been investing in Ebay Inc for a number of months, seems to be less bullish one the $38.77 billion market cap company. The stock decreased 0.84% or $0.33 during the last trading session, reaching $39. About 9.35M shares traded. eBay Inc. (NASDAQ:EBAY) has risen 7.72% since June 14, 2017 and is uptrending. It has underperformed by 4.85% the S&P500. Some Historical EBAY News: 01/05/2018 – OfferUp went head to head with Craigslist to build a following. Now it’s going after eBay to build a business. A new shipping feature is meant to give more options to buyers and attract new kinds of professional sellers; 09/05/2018 – EBay is selling its holdings in Flipkart and relaunching eBay India after Walmart bought a $16 billion majority position in the e-commerce company; 25/04/2018 – eBay 1Q Net $407M; 25/04/2018 – EBay Sees FY EPS $1.65-EPS $1.75; 25/04/2018 – EBAY INC – EXPECTS NET REVENUE BETWEEN $10.9 BLN AND $11.1 BLN, REPRESENTING FX-NEUTRAL GROWTH OF 7% – 9% FOR FY 2018; 19/04/2018 – EBAY INC EBAY.O : CITIGROUP RAISES TARGET PRICE TO $58 FROM $50; 02/04/2018 – EBAY: WOMEN 40% OF GLOBAL WORK FORCE IN 2017 VS. 38% IN 2016; 11/04/2018 – Ebay: It’s Not A Garage Sale, But Is It A Bargain? — Barrons.com; 18/04/2018 – eBay Inc. vs Global Equity Management (SA) Pty. Ltd. | FWD Entered | 04/18/2018; 20/04/2018 – Square, eBay, and the Future of Money — Barrons.com

Since February 5, 2018, it had 0 insider buys, and 2 selling transactions for $766,866 activity. 4,019 shares valued at $376,219 were sold by WRIGHT DEBORAH C on Monday, February 12.

Investors sentiment increased to 0.98 in Q1 2018. Its up 0.07, from 0.91 in 2017Q4. It improved, as 68 investors sold TWX shares while 336 reduced holdings. 98 funds opened positions while 299 raised stakes. 589.17 million shares or 1.52% less from 598.25 million shares in 2017Q4 were reported. Cornerstone Advsr stated it has 7,000 shares. Ferguson Wellman Cap Mgmt accumulated 86,125 shares. Stellar Cap Ltd Llc invested in 34,475 shares. Susquehanna Group Inc Llp accumulated 2.22 million shares or 0.07% of the stock. Moreover, Wellington Shields Mngmt Ltd Co has 0.18% invested in Time Warner Inc. (NYSE:TWX) for 12,421 shares. Parametric Portfolio Assocs holds 2.09M shares or 0.2% of its portfolio. Tarbox Family Office holds 0.01% in Time Warner Inc. (NYSE:TWX) or 382 shares. Highbridge Capital Mgmt Ltd Liability Company owns 360,000 shares for 0.55% of their portfolio. Stifel accumulated 707,916 shares. Brighton Jones Ltd Liability Co holds 0.17% or 12,935 shares in its portfolio. Community State Bank Na has 138 shares for 0% of their portfolio. Rbf owns 0.08% invested in Time Warner Inc. (NYSE:TWX) for 7,400 shares. Port Solutions Ltd Liability has invested 0% in Time Warner Inc. (NYSE:TWX). Fincl Advantage reported 55,564 shares. Supplemental Annuity Collective Of Nj reported 40,000 shares.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on August, 1. They expect $1.58 EPS, up 18.80% or $0.25 from last year’s $1.33 per share. TWX’s profit will be $1.24B for 15.63 P/E if the $1.58 EPS becomes a reality. After $2.28 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -30.70% negative EPS growth.

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 16 have Buy rating, 0 Sell and 25 Hold. Therefore 39% are positive. Time Warner Inc. had 128 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Monday, August 24 with “Market Perform”. The firm has “Hold” rating by Loop Capital given on Thursday, March 2. The stock has “Buy” rating by S&P Research on Thursday, August 6. The firm earned “Neutral” rating on Thursday, November 5 by Bank of America. As per Friday, February 5, the company rating was initiated by Telsey Advisory Group. The firm has “Buy” rating given on Thursday, August 4 by Deutsche Bank. M Partners maintained it with “Buy” rating and $105 target in Monday, August 3 report. The rating was maintained by Barclays Capital on Friday, November 13 with “Equal-Weight”. The rating was upgraded by Pivotal Research to “Buy” on Wednesday, November 2. The rating was maintained by Stifel Nicolaus on Monday, October 24 with “Hold”.

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: Seekingalpha.com which released: “Headlines Don’t Determine Stock Prices – Cramer’s Mad Money (6/12/18)” on June 13, 2018, also Seekingalpha.com with their article: “Vanity Fair: Zucker staying at CNN through ’20 election” published on June 13, 2018, Streetinsider.com published: “After-Hours Stock Movers 06/12: (ENPH) (FOXA) (TWX) Higher; (VTVT) (HRB) (OXM) Lower (more…)” on June 12, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: Finance.Yahoo.com and their article: “With or Without Time Warner, AT&T Stock Isn’t Worth Buying” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “AT&T: Ignore The Noise, Follow The Fundamentals” with publication date: June 09, 2018.

Managed Asset Portfolios Llc, which manages about $361.80 million and $311.00 million US Long portfolio, upped its stake in Vodafone Group Plc New (NASDAQ:VOD) by 18,394 shares to 650,928 shares, valued at $18.11 million in 2018Q1, according to the filing. It also increased its holding in Sanofi (NYSE:SNY) by 26,142 shares in the quarter, for a total of 383,085 shares, and has risen its stake in Mosaic Co New (NYSE:MOS).

Among 46 analysts covering eBay Inc (NASDAQ:EBAY), 29 have Buy rating, 2 Sell and 15 Hold. Therefore 63% are positive. eBay Inc had 175 analyst reports since July 21, 2015 according to SRatingsIntel. Aegis Capital maintained eBay Inc. (NASDAQ:EBAY) on Thursday, February 1 with “Buy” rating. The stock has “Hold” rating by Piper Jaffray on Thursday, February 1. The rating was maintained by Stifel Nicolaus on Thursday, August 24 with “Hold”. Maxim Group initiated eBay Inc. (NASDAQ:EBAY) on Thursday, June 23 with “Buy” rating. UBS maintained it with “Buy” rating and $4200 target in Friday, July 21 report. On Thursday, February 1 the stock rating was maintained by Stifel Nicolaus with “Hold”. Cantor Fitzgerald downgraded the stock to “Hold” rating in Thursday, September 10 report. As per Friday, June 2, the company rating was maintained by Jefferies. As per Wednesday, September 2, the company rating was maintained by Axiom Capital. RBC Capital Markets maintained eBay Inc. (NASDAQ:EBAY) on Tuesday, July 18 with “Hold” rating.

More notable recent eBay Inc. (NASDAQ:EBAY) news were published by: Nasdaq.com which released: “3 Stocks That Look Just Like eBay in 1998” on May 25, 2018, also Seekingalpha.com with their article: “Similar To Uber, eBay Network Effects Offer Big Upside” published on June 11, 2018, Fool.com published: “Is eBay, Inc. a Buy?” on June 07, 2018. More interesting news about eBay Inc. (NASDAQ:EBAY) were released by: Nasdaq.com and their article: “Adyen IPO: PayPal Rival Soars in Debut” published on June 13, 2018 as well as Prnewswire.com‘s news article titled: “eBay Announces First-Ever Community Sneaker Drop” with publication date: June 14, 2018.

Since February 5, 2018, it had 0 buys, and 10 sales for $14.64 million activity. Jones Wendy Elizabeth sold $422,019 worth of stock. Shares for $352,226 were sold by Doerger Brian J.. PITTMAN RAYMOND J sold 60,000 shares worth $2.62M. The insider Lee Jae Hyun sold $355,077. $991,946 worth of eBay Inc. (NASDAQ:EBAY) was sold by FISHER STEPHEN on Monday, February 5. Huber Marie Oh also sold $1.35M worth of eBay Inc. (NASDAQ:EBAY) shares.

Analysts await eBay Inc. (NASDAQ:EBAY) to report earnings on July, 19. They expect $0.39 earnings per share, up 14.71% or $0.05 from last year’s $0.34 per share. EBAY’s profit will be $387.65M for 25.00 P/E if the $0.39 EPS becomes a reality. After $0.41 actual earnings per share reported by eBay Inc. for the previous quarter, Wall Street now forecasts -4.88% negative EPS growth.

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