Argi Investment Services Has Cut By $503,668 Its Pitney Bowes Com (PBI) Stake; Last Week Alphabet Inc. (GOOGL) Coverage

April 17, 2018 - By wolcottdaily

Alphabet Inc. (NASDAQ:GOOGL) Logo

Argi Investment Services Llc decreased Pitney Bowes Inc Com (PBI) stake by 54.97% reported in 2017Q4 SEC filing. Argi Investment Services Llc sold 45,788 shares as Pitney Bowes Inc Com (PBI)’s stock declined 3.70%. The Argi Investment Services Llc holds 37,505 shares with $419,000 value, down from 83,293 last quarter. Pitney Bowes Inc Com now has $2.04B valuation. The stock increased 1.07% or $0.115 during the last trading session, reaching $10.905. About 669,659 shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 12.71% since April 17, 2017 and is downtrending. It has underperformed by 24.26% the S&P500.

Among 54 analysts covering Google (NASDAQ:GOOGL), 48 have Buy rating, 0 Sell and 6 Hold. Therefore 89% are positive. Google had 189 analyst reports since August 8, 2015 according to SRatingsIntel. Wedbush maintained it with “Neutral” rating and $880 target in Friday, July 29 report. Axiom Capital maintained Alphabet Inc. (NASDAQ:GOOGL) on Friday, July 29 with “Buy” rating. As per Tuesday, July 25, the company rating was maintained by Jefferies. Piper Jaffray maintained Alphabet Inc. (NASDAQ:GOOGL) rating on Friday, October 23. Piper Jaffray has “Overweight” rating and $812 target. CFRA upgraded Alphabet Inc. (NASDAQ:GOOGL) rating on Friday, February 2. CFRA has “Buy” rating and $1285.0 target. UBS maintained the shares of GOOGL in report on Friday, October 23 with “Buy” rating. The stock has “Buy” rating by Mizuho on Friday, February 2. Piper Jaffray maintained Alphabet Inc. (NASDAQ:GOOGL) on Thursday, October 19 with “Buy” rating. The stock of Alphabet Inc. (NASDAQ:GOOGL) earned “Buy” rating by KeyBanc Capital Markets on Thursday, October 26. The firm earned “Overweight” rating on Wednesday, June 8 by Maxim Group. See Alphabet Inc. (NASDAQ:GOOGL) latest ratings:

11/04/2018 Broker: Monness Rating: Buy New Target: $1280.0000 Reinitiate
10/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $1200 New Target: $1175 Maintain
28/03/2018 Broker: Aegis Capital Rating: Buy New Target: $1350.0000 Maintain
20/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $1300.0 Maintain
02/02/2018 Broker: CFRA Rating: Buy New Target: $1285.0 Upgrade
02/02/2018 Broker: Susquehanna Rating: Buy New Target: $1475.0 Maintain
02/02/2018 Broker: Mizuho Rating: Buy New Target: $1400.0 Maintain
02/02/2018 Broker: Pivotal Research Rating: Hold New Target: $1110.0 Maintain
01/02/2018 Broker: RBC Capital Markets Rating: Buy New Target: $1285.0 Maintain
02/02/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $1260 New Target: $1330 Maintain

Alphabet Inc., through its subsidiaries, provides online advertising services in the United States, the United Kingdom, and rest of the world. The company has market cap of $748.61 billion. The firm offers performance and brand advertising services. It has a 60.05 P/E ratio. It operates through Google and Other Bets divisions.

The stock increased 3.31% or $34.61 during the last trading session, reaching $1080.71. About 1.72 million shares traded. Alphabet Inc. (NASDAQ:GOOGL) has risen 20.09% since April 17, 2017 and is uptrending. It has outperformed by 8.54% the S&P500.

Among 5 analysts covering Pitney Bowes (NYSE:PBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Pitney Bowes had 7 analyst reports since September 1, 2015 according to SRatingsIntel. The company was downgraded on Monday, May 15 by Sidoti. Loop Capital maintained it with “Hold” rating and $12 target in Thursday, November 2 report. The firm has “Buy” rating by Sidoti given on Wednesday, August 2. The firm has “Sell” rating given on Monday, September 7 by Zacks. The rating was initiated by Loop Capital Markets on Friday, July 28 with “Hold”. On Thursday, September 17 the stock rating was maintained by Brean Capital with “Buy”. The company was upgraded on Tuesday, September 1 by Zacks.

Argi Investment Services Llc increased Ishares Trust Edge Msci Mltifct Usa Etf stake by 128,978 shares to 136,100 valued at $4.33M in 2017Q4. It also upped Ishares S&P Small (IJS) stake by 6,456 shares and now owns 187,854 shares. Jp Morgan Div Rtn Intl Eq Etf was raised too.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.15, from 1.02 in 2017Q3. It improved, as 37 investors sold PBI shares while 85 reduced holdings. 57 funds opened positions while 86 raised stakes. 137.03 million shares or 0.71% more from 136.06 million shares in 2017Q3 were reported. D E Shaw reported 0.09% in Pitney Bowes Inc. (NYSE:PBI). Spark Mngmt Limited Liability Company invested 0.1% in Pitney Bowes Inc. (NYSE:PBI). Sandy Spring Commercial Bank owns 200 shares. Rodgers Brothers Inc has invested 0.07% in Pitney Bowes Inc. (NYSE:PBI). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management Corporation owns 56,800 shares for 0.01% of their portfolio. Kbc Grp Nv reported 494,448 shares stake. Teacher Retirement Of Texas, a Texas-based fund reported 63,941 shares. Timber Hill Ltd has invested 0.01% in Pitney Bowes Inc. (NYSE:PBI). Numeric Investors Limited Liability Co stated it has 58,300 shares or 0% of all its holdings. The United Kingdom-based Legal General Group Inc Pcl has invested 0% in Pitney Bowes Inc. (NYSE:PBI). Carroll Associate Inc invested in 0% or 1,313 shares. Northern Tru holds 1.62 million shares or 0% of its portfolio. Whittier Tru Co Of Nevada holds 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI) for 211 shares. Lincoln Corp invested 0.01% in Pitney Bowes Inc. (NYSE:PBI). Gradient Invests Ltd Liability accumulated 71 shares or 0% of the stock.

Pitney Bowes Inc. (NYSE:PBI) Institutional Positions Chart

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