Global X Management Co Has Cut Its Weibo (WB) Holding; Stryker (SYK) Has 0.8 Sentiment

May 23, 2018 - By Nellie Frank

Stryker Corporation (NYSE:SYK) Logo

Global X Management Co Llc decreased Weibo Corp (WB) stake by 53.89% reported in 2017Q4 SEC filing. Global X Management Co Llc sold 64,764 shares as Weibo Corp (WB)’s stock rose 10.68%. The Global X Management Co Llc holds 55,403 shares with $5.73 million value, down from 120,167 last quarter. Weibo Corp now has $23.09 billion valuation. The stock increased 1.00% or $1.03 during the last trading session, reaching $103.69. About 2.11M shares traded. Weibo Corporation (NASDAQ:WB) has risen 132.32% since May 23, 2017 and is uptrending. It has outperformed by 120.77% the S&P500.

Stryker Corp (SYK) investors sentiment decreased to 0.8 in 2017 Q4. It’s down -0.07, from 0.87 in 2017Q3. The ratio has dropped, as 332 funds increased and opened new stock positions, while 414 sold and trimmed holdings in Stryker Corp. The funds in our database now own: 275.69 million shares, up from 275.60 million shares in 2017Q3. Also, the number of funds holding Stryker Corp in top ten stock positions decreased from 45 to 41 for a decrease of 4. Sold All: 39 Reduced: 375 Increased: 232 New Position: 100.

Analysts await Stryker Corporation (NYSE:SYK) to report earnings on July, 26. They expect $1.73 earnings per share, up 13.07% or $0.20 from last year’s $1.53 per share. SYK’s profit will be $646.52 million for 25.16 P/E if the $1.73 EPS becomes a reality. After $1.68 actual earnings per share reported by Stryker Corporation for the previous quarter, Wall Street now forecasts 2.98% EPS growth.

Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company has market cap of $65.08 billion. It operates through three divisions: Orthopaedics; MedSurg; and Neurotechnology and Spine. It has a 64.98 P/E ratio. The Orthopaedics segment offers implants for use in hip and knee joint replacements, and trauma and extremities surgeries.

More news for Stryker Corporation (NYSE:SYK) were recently published by: Seekingalpha.com, which released: “Stryker (SYK) Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. Streetinsider.com‘s article titled: “BofA/Merrill Lynch Doesn’t See Stryker (SYK) Buying Smith and Nephew (SNN)” and published on April 25, 2018 is yet another important article.

Ratings analysis reveals 67% of Stryker’s analysts are positive. Out of 3 Wall Street analysts rating Stryker, 2 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. SYK was included in 3 notes of analysts from October 14, 2016. On Friday, January 6 the stock rating was downgraded by Needham to “Underperform”. SunTrust initiated the stock with “Buy” rating in Friday, October 14 report. The firm has “Buy” rating given on Wednesday, January 25 by Canaccord Genuity.

Since January 1, 0001, it had 1 buying transaction, and 15 insider sales for $26.00 million activity.

Greenleaf Trust holds 74.26% of its portfolio in Stryker Corporation for 23.61 million shares. Gvo Asset Management Ltd owns 274,515 shares or 9.8% of their US portfolio. Moreover, Bonness Enterprises Inc has 7.96% invested in the company for 75,700 shares. The United Kingdom-based Fundsmith Llp has invested 6.82% in the stock. Dillon & Associates Inc, a Michigan-based fund reported 96,843 shares.

The stock increased 0.72% or $1.24 during the last trading session, reaching $174.14. About 303,945 shares traded. Stryker Corporation (SYK) has risen 19.66% since May 23, 2017 and is uptrending. It has outperformed by 8.11% the S&P500.

Among 12 analysts covering Weibo Corp (NASDAQ:WB), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Weibo Corp had 23 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Weibo Corporation (NASDAQ:WB) earned “Buy” rating by Jefferies on Thursday, June 22. The rating was downgraded by Citigroup to “Neutral” on Thursday, October 29. The rating was downgraded by Zacks on Wednesday, August 26 to “Hold”. The firm has “Neutral” rating by Goldman Sachs given on Thursday, August 11. The company was upgraded on Friday, September 4 by Zacks. The stock of Weibo Corporation (NASDAQ:WB) earned “Buy” rating by Citigroup on Friday, August 5. As per Tuesday, October 3, the company rating was maintained by Jefferies. The company was maintained on Wednesday, August 19 by Piper Jaffray. The stock has “Overweight” rating by Morgan Stanley on Tuesday, April 19. JP Morgan reinitiated the stock with “Overweight” rating in Wednesday, August 31 report.

Global X Management Co Llc increased Rockwell Collins Inc (NYSE:COL) stake by 2,863 shares to 4,577 valued at $621,000 in 2017Q4. It also upped Phillips 66 Partners Lp (NYSE:PSXP) stake by 172,361 shares and now owns 678,713 shares. Cameco Corp (NYSE:CCJ) was raised too.

Investors sentiment increased to 1.81 in 2017 Q4. Its up 0.26, from 1.55 in 2017Q3. It improved, as 25 investors sold WB shares while 55 reduced holdings. 60 funds opened positions while 85 raised stakes. 36.32 million shares or 71.02% less from 125.34 million shares in 2017Q3 were reported. Holderness Invests accumulated 2,350 shares or 0.12% of the stock. 100 are owned by Pacad. Moreover, Wetherby Asset Mngmt has 0.03% invested in Weibo Corporation (NASDAQ:WB) for 2,311 shares. Parametric Assocs Limited has invested 0.01% in Weibo Corporation (NASDAQ:WB). California Employees Retirement has invested 0.01% in Weibo Corporation (NASDAQ:WB). Manufacturers Life Insurance The holds 279,287 shares. Century holds 0.02% or 162,196 shares. Eqis Cap Mngmt owns 7,801 shares. Kylin Mngmt Limited Liability has 783,300 shares. Quantbot Tech Ltd Partnership holds 0.15% or 15,885 shares in its portfolio. Point72 Asia (Hong Kong) has 111,714 shares for 8.83% of their portfolio. Pitcairn Company invested in 3,363 shares or 0.03% of the stock. National Bank & Trust Of America De invested in 89,253 shares or 0% of the stock. Oppenheimer Asset Mgmt owns 27,335 shares for 0.07% of their portfolio. Commerzbank Aktiengesellschaft Fi reported 80,092 shares or 0.1% of all its holdings.

Stryker Corporation (NYSE:SYK) Institutional Positions Chart

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