Logmein (LOGM) Shareholder Koch Industries Has Cut Position by $978,576; E&G Advisors LP Cut Position in Jpmorgan Chase & Co (JPM) as Stock Rose

May 22, 2018 - By Adrian Mccoy

LogMeIn, Inc. (NASDAQ:LOGM) Logo

Koch Industries Inc decreased its stake in Logmein Inc (LOGM) by 72.94% based on its latest 2017Q4 regulatory filing with the SEC. Koch Industries Inc sold 8,584 shares as the company’s stock rose 1.31% while stock markets declined. The institutional investor held 3,184 shares of the technology company at the end of 2017Q4, valued at $365,000, down from 11,768 at the end of the previous reported quarter. Koch Industries Inc who had been investing in Logmein Inc for a number of months, seems to be less bullish one the $5.78 billion market cap company. The stock decreased 1.25% or $1.4 during the last trading session, reaching $110.75. About 171,010 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has risen 20.98% since May 22, 2017 and is uptrending. It has outperformed by 9.43% the S&P500.

E&G Advisors Lp decreased its stake in Jpmorgan Chase & Co (JPM) by 11.07% based on its latest 2017Q4 regulatory filing with the SEC. E&G Advisors Lp sold 5,475 shares as the company’s stock rose 0.67% while stock markets declined. The institutional investor held 43,971 shares of the major banks company at the end of 2017Q4, valued at $4.70M, down from 49,446 at the end of the previous reported quarter. E&G Advisors Lp who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $388.40 billion market cap company. The stock increased 1.73% or $1.94 during the last trading session, reaching $114.09. About 5.40M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 23.99% since May 22, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.26, from 1.33 in 2017Q3. It turned negative, as 44 investors sold LOGM shares while 110 reduced holdings. 53 funds opened positions while 112 raised stakes. 51.12 million shares or 0.18% more from 51.03 million shares in 2017Q3 were reported. Carroll Finance Inc holds 12 shares or 0% of its portfolio. Putnam Invests Ltd Co holds 0.12% or 486,765 shares. 35,611 are owned by Texas Permanent School Fund. C M Bidwell & Assoc Ltd accumulated 1,800 shares. Tarbox Family Office Inc has invested 0% in LogMeIn, Inc. (NASDAQ:LOGM). Comm Retail Bank stated it has 0.42% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Cwm Limited Liability Corporation has 58 shares. Pinebridge Invs Limited Partnership reported 0.07% in LogMeIn, Inc. (NASDAQ:LOGM). Assetmark has 809 shares for 0% of their portfolio. State Treasurer State Of Michigan accumulated 18,902 shares. Ameriprise Fincl Incorporated accumulated 806,026 shares. Braun Stacey owns 82,183 shares for 0.63% of their portfolio. Mufg Americas Holdings has invested 0% in LogMeIn, Inc. (NASDAQ:LOGM). Neuberger Berman Group Ltd Liability holds 247,635 shares. First Manhattan Co owns 41 shares or 0% of their US portfolio.

Koch Industries Inc, which manages about $684.18 million US Long portfolio, upped its stake in Orbital Atk Inc by 96,000 shares to 145,000 shares, valued at $19.07 million in 2017Q4, according to the filing. It also increased its holding in Express Scripts Hldg Co (NASDAQ:ESRX) by 4,127 shares in the quarter, for a total of 16,178 shares, and has risen its stake in Dover Corp (NYSE:DOV).

Since May 1, 2018, it had 0 insider buys, and 5 sales for $5.16 million activity. On Monday, May 7 the insider Lok James sold $661,473. Ford W. Sean sold 8,750 shares worth $962,777. Shares for $2.20M were sold by Simon Michael K. Another trade for 10,255 shares valued at $1.13M was sold by Herdiech Edward K..

Among 14 analysts covering LogMeIn (NASDAQ:LOGM), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. LogMeIn had 52 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, August 25 by TheStreet. Cowen & Co maintained the shares of LOGM in report on Thursday, August 31 with “Buy” rating. The firm has “Buy” rating by Piper Jaffray given on Monday, October 23. Barclays Capital upgraded LogMeIn, Inc. (NASDAQ:LOGM) on Monday, October 3 to “Overweight” rating. KeyBanc Capital Markets upgraded the shares of LOGM in report on Friday, August 28 to “Overweight” rating. JP Morgan upgraded the shares of LOGM in report on Wednesday, July 27 to “Overweight” rating. Needham maintained LogMeIn, Inc. (NASDAQ:LOGM) rating on Friday, February 16. Needham has “Buy” rating and $140.0 target. The company was maintained on Thursday, July 27 by Northland Capital. RBC Capital Markets maintained the shares of LOGM in report on Friday, July 24 with “Outperform” rating. The stock of LogMeIn, Inc. (NASDAQ:LOGM) has “Buy” rating given on Wednesday, December 20 by Needham.

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on July, 26. They expect $0.98 EPS, up 22.50% or $0.18 from last year’s $0.8 per share. LOGM’s profit will be $51.16M for 28.25 P/E if the $0.98 EPS becomes a reality. After $0.97 actual EPS reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts 1.03% EPS growth.

More important recent LogMeIn, Inc. (NASDAQ:LOGM) news were published by: Nasdaq.com which released: “LogMeIn’s Jive and GoToStage Win StevieĀ® Awards for New Product or Service of the Year from the 2018 American …” on May 10, 2018, also Seekingalpha.com published article titled: “LogMeIn (LOGM) Q1 2018 Results – Earnings Call Transcript”, Globenewswire.com published: “LogMeIn Announces First Quarter 2018 Results” on April 26, 2018. More interesting news about LogMeIn, Inc. (NASDAQ:LOGM) was released by: Nasdaq.com and their article: “LogMeIn CFO Edward Herdiech Named Boston Business Journal 2018 CFO of the Year Honoree” with publication date: May 21, 2018.

Since January 13, 2018, it had 3 insider buys, and 8 sales for $18.63 million activity. Scher Peter also sold $3.01M worth of JPMorgan Chase & Co. (NYSE:JPM) on Friday, January 19. The insider HOBSON MELLODY L bought $2.00M. 7,280 shares were bought by CROWN JAMES S, worth $825,327 on Tuesday, January 16. 16,434 shares were sold by BACON ASHLEY, worth $1.84M on Saturday, January 13. The insider Combs Todd A. bought 13,000 shares worth $1.49 million. $1.99 million worth of stock was sold by Friedman Stacey on Saturday, January 13.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $2.26 earnings per share, up 24.18% or $0.44 from last year’s $1.82 per share. JPM’s profit will be $7.69 billion for 12.62 P/E if the $2.26 EPS becomes a reality. After $2.37 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -4.64% negative EPS growth.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Seekingalpha.com which released: “King Dimon – For Now | JPMorgan” on April 26, 2018, also Seekingalpha.com with their article: “JPMorgan: Magnificent Morgan” published on April 30, 2018, Seekingalpha.com published: “JPMorgan Chase: A Compelling Upside Case” on May 03, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Seekingalpha.com and their article: “JPMorgan doubles down on AI” published on May 04, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan Going From Strength To Strength” with publication date: May 14, 2018.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 120 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Buy” rating given on Wednesday, October 7 by Jefferies. The rating was maintained by BMO Capital Markets with “Hold” on Friday, October 6. RBC Capital Markets maintained the stock with “Buy” rating in Monday, November 13 report. On Wednesday, July 13 the stock rating was initiated by Berenberg with “Sell”. The rating was maintained by Barclays Capital with “Buy” on Tuesday, January 2. The stock has “Hold” rating by BMO Capital Markets on Thursday, June 1. The firm has “Hold” rating given on Friday, January 12 by BMO Capital Markets. The stock has “Outperform” rating by Credit Suisse on Monday, July 17. Jefferies maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Sunday, April 15. Jefferies has “Buy” rating and $12200 target. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Overweight” rating by Atlantic Securities on Friday, January 15.

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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