Telenav, Inc. (TNAV) Is At $6.20 Formed Wedge; Valinor Management Has Upped Its Facebook (FB) Holding

March 13, 2018 - By John Hoffman

Telenav, Inc. (TNAV) formed wedge up with $6.76 target or 9.00% above today’s $6.20 share price. Telenav, Inc. (TNAV) has $276.22 million valuation. It closed at $6.2 lastly. It is down 88.62% since March 13, 2017 and is uptrending. It has outperformed by 71.92% the S&P500.

Valinor Management Llc increased Facebook Inc (FB) stake by 9.04% reported in 2017Q3 SEC filing. Valinor Management Llc acquired 71,200 shares as Facebook Inc (FB)’s stock rose 10.88%. The Valinor Management Llc holds 858,575 shares with $146.70M value, up from 787,375 last quarter. Facebook Inc now has $536.73B valuation. The stock decreased 0.25% or $0.47 during the last trading session, reaching $184.76. About 15.30 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since March 13, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Valinor Management Llc decreased Quintiles Ims Holdings Inc (NYSE:Q) stake by 285,455 shares to 796,308 valued at $75.71 million in 2017Q3. It also reduced Insulet Corp (NASDAQ:PODD) stake by 483,146 shares and now owns 1.23M shares. Logmein Inc (NASDAQ:LOGM) was reduced too.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.06, from 1.15 in 2017Q2. It increased, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Cahill owns 2,318 shares for 0.21% of their portfolio. Alpha Cubed Lc reported 54,382 shares or 1.4% of all its holdings. At Natl Bank has invested 0.08% of its portfolio in Facebook, Inc. (NASDAQ:FB). Sarasin Llp holds 1.56% or 451,469 shares in its portfolio. Hap Trading Lc holds 1.18% or 146,056 shares. Nippon Life Global Invsts Americas reported 105,430 shares. 111,709 are held by Associated Banc. New York-based Wafra Inv Advisory Grp New York has invested 1.78% in Facebook, Inc. (NASDAQ:FB). Hemenway Ltd Liability Corp reported 0.08% stake. Generation Investment Management Ltd Liability Partnership stated it has 2.48 million shares or 4.08% of all its holdings. Weatherly Asset Mngmt Ltd Partnership holds 1.04% or 22,930 shares. Mercer Cap Advisers Inc holds 1,600 shares or 0.2% of its portfolio. Dnb Asset Mngmt As has invested 2.43% of its portfolio in Facebook, Inc. (NASDAQ:FB). Huntington Bank stated it has 375,060 shares. Pitcairn accumulated 1.05% or 54,258 shares.

Since September 19, 2017, it had 0 insider purchases, and 37 selling transactions for $953.45 million activity. 456,800 shares valued at $81.79 million were sold by Zuckerberg Mark on Wednesday, February 21. 38,017 shares were sold by Schroepfer Michael Todd, worth $7.14 million. The insider Cox Christopher K sold $2.83M. Another trade for 750 shares valued at $129,738 was sold by Stretch Colin. $9.61 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Sandberg Sheryl on Friday, March 2. 14,901 Facebook, Inc. (NASDAQ:FB) shares with value of $2.66M were sold by Wehner David M.. FISCHER DAVID B. sold $1.05 million worth of Facebook, Inc. (NASDAQ:FB) on Friday, January 26.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. Mizuho maintained Facebook, Inc. (NASDAQ:FB) on Thursday, July 30 with “Buy” rating. The company was maintained on Thursday, January 28 by Piper Jaffray. Mizuho maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, April 28. Mizuho has “Buy” rating and $140 target. The firm earned “Buy” rating on Thursday, January 25 by GBH Insights. The firm has “Overweight” rating given on Thursday, November 5 by Piper Jaffray. The stock of Facebook, Inc. (NASDAQ:FB) earned “Overweight” rating by Morgan Stanley on Thursday, November 5. The firm has “Buy” rating given on Thursday, July 30 by UBS. Loop Capital initiated Facebook, Inc. (NASDAQ:FB) on Friday, September 23 with “Buy” rating. The rating was maintained by Wells Fargo on Wednesday, September 27 with “Buy”. The rating was maintained by Robert W. Baird on Tuesday, January 16 with “Buy”.

Since February 6, 2018, it had 2 buys, and 0 insider sales for $163,827 activity. Jin H.P. bought $50,650 worth of Telenav, Inc. (NASDAQ:TNAV) on Tuesday, February 6.

Investors sentiment increased to 1.56 in 2017 Q3. Its up 0.75, from 0.81 in 2017Q2. It improved, as 12 investors sold Telenav, Inc. shares while 24 reduced holdings. 7 funds opened positions while 22 raised stakes. 17.38 million shares or 6.37% less from 18.57 million shares in 2017Q2 were reported. reported 20,508 shares. Mufg Americas Holdg accumulated 190 shares. California State Teachers Retirement Sys owns 48,004 shares for 0% of their portfolio. Royal Bancorporation Of Canada owns 0% invested in Telenav, Inc. (NASDAQ:TNAV) for 3,527 shares. Tower Research Cap Limited Liability (Trc) has 0% invested in Telenav, Inc. (NASDAQ:TNAV). Citigroup has 0% invested in Telenav, Inc. (NASDAQ:TNAV) for 10,309 shares. Ameritas Inv Prns accumulated 2,354 shares or 0% of the stock. Ariel Invs Limited Liability Com has 2.98M shares. Nordea Investment Management Ab accumulated 6,742 shares or 0% of the stock. Alliancebernstein Ltd Partnership reported 0% stake. Northern Trust Corporation owns 0% invested in Telenav, Inc. (NASDAQ:TNAV) for 338,385 shares. Schwab Charles Management has invested 0% in Telenav, Inc. (NASDAQ:TNAV). Goldman Sachs Gru, a New York-based fund reported 10,425 shares. Wells Fargo & Mn has 34,027 shares. State Board Of Administration Of Florida Retirement owns 12,085 shares for 0% of their portfolio.

Among 5 analysts covering Telenav (NASDAQ:TNAV), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Telenav has $15 highest and $9.0 lowest target. $11.13’s average target is 79.52% above currents $6.2 stock price. Telenav had 7 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating by FBR Capital given on Monday, October 17. On Monday, August 24 the stock rating was initiated by B. Riley & Co with “Buy”. The rating was downgraded by Sidoti to “Neutral” on Friday, January 20. The stock of Telenav, Inc. (NASDAQ:TNAV) earned “Buy” rating by Craig Hallum on Thursday, December 21. Northland Capital maintained the stock with “Buy” rating in Monday, July 10 report.

Analysts await Telenav, Inc. (NASDAQ:TNAV) to report earnings on May, 1. They expect $-0.68 earnings per share, down 119.35% or $0.37 from last year’s $-0.31 per share. After $-0.35 actual earnings per share reported by Telenav, Inc. for the previous quarter, Wall Street now forecasts 94.29% negative EPS growth.