SBI Securities Co. Ltd. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,562 shares of the information services provider's stock after selling 6,193 shares during the quarter. Alphabet comprises about 1.0% of SBI Securities Co. Ltd.'...
SBI Securities Co. Ltd. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,562 shares of the information services provider's stock after selling 6,193 shares during the quarter. Alphabet comprises about 1.0% of SBI Securities Co. Ltd.'s investment portfolio, making the stock its 18th largest position. SBI Securities Co. Ltd.'s holdings in Alphabet were worth $40,566,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairman Group LLC increased its holdings in Alphabet by 121.3% in the second quarter. Fairman Group LLC now owns 177 shares of the information services provider's stock valued at $31,000 after buying an additional 97 shares in the last quarter. University of Illinois Foundation acquired a new stake in shares of Alphabet in the 2nd quarter worth approximately $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet in the 3rd quarter worth approximately $32,000. Horrell Capital Management Inc. increased its stake in Alphabet by 100.0% in the 2nd quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider's stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Finally, LGT Financial Advisors LLC acquired a new position in Alphabet during the second quarter worth $37,000. Institutional investors and hedge funds own 27.26% of the company's stock. Get Alphabet alerts: Sign Up Wall Street Analysts Forecast Growth Several research firms have weighed in on GOOG. KeyCorp set a $370.00 target price on Alphabet in a report on Thursday, February 5th. Wedbush reaffirmed an "outperform" rating and set a $370.00 price target on shares of Alphabet in a research note on Thu...
Mawer Investment Management Ltd. trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 686,774 shares of the social networking company's stock after selling 49,124 shares during the quarter. Meta Platforms makes up about 2.6% of Mawer Investment...
Mawer Investment Management Ltd. trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 686,774 shares of the social networking company's stock after selling 49,124 shares during the quarter. Meta Platforms makes up about 2.6% of Mawer Investment Management Ltd.'s holdings, making the stock its 12th biggest position. Mawer Investment Management Ltd.'s holdings in Meta Platforms were worth $504,353,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently bought and sold shares of META. Bare Financial Services Inc acquired a new position in Meta Platforms in the 2nd quarter valued at about $30,000. Briaud Financial Planning Inc acquired a new stake in Meta Platforms during the 2nd quarter worth approximately $42,000. Knuff & Co LLC acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $44,000. WFA Asset Management Corp raised its stake in shares of Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company's stock worth $49,000 after purchasing an additional 20 shares during the last quarter. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Meta Platforms during the second quarter worth $59,000. Hedge funds and other institutional investors own 79.91% of the company's stock. Get Meta Platforms alerts: Sign Up Insider Buying and Selling In related news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $714.60, for a total value of $369,448.20. Following the sale, the chief operating officer directly owned 9,615 shares of the company's stock, valued at approximately $6,870,879. This represents a 5.10% decrease in their position. The sale was d...
Savant Capital LLC grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,623 shares of the information services provider's stock after purchasing an additional 9,096 shares during the period. Savant Capital LLC's holdings in Alphabet w...
Savant Capital LLC grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,623 shares of the information services provider's stock after purchasing an additional 9,096 shares during the period. Savant Capital LLC's holdings in Alphabet were worth $43,260,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Alphabet in the second quarter worth $4,298,572,000. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider's stock valued at $73,927,821,000 after acquiring an additional 5,182,111 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Alphabet by 73.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider's stock worth $2,388,775,000 after purchasing an additional 4,154,929 shares during the period. Laurel Wealth Advisors LLC increased its holdings in Alphabet by 17,547.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider's stock valued at $731,331,000 after purchasing an additional 4,099,366 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Alphabet by 330.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,989,463 shares of the information services provider's stock valued at $707,691,000 after purchasing an additional 3,062,590 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock. Get Alphabet alerts: Sign Up Insider Activity In related news, CEO Sundar Pichai sold 32,500 sha...
Strategy Asset Managers LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 56.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,141 shares of the social networking company's stock after selling 9,218 shares during the quarter. Strategy Asset Managers LLC's holdings in Meta Platforms were...
Strategy Asset Managers LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 56.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,141 shares of the social networking company's stock after selling 9,218 shares during the quarter. Strategy Asset Managers LLC's holdings in Meta Platforms were worth $5,244,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also modified their holdings of the company. Bare Financial Services Inc acquired a new stake in Meta Platforms during the second quarter worth approximately $30,000. Briaud Financial Planning Inc bought a new position in shares of Meta Platforms during the second quarter worth approximately $42,000. Knuff & Co LLC acquired a new stake in Meta Platforms during the 2nd quarter worth approximately $44,000. WFA Asset Management Corp lifted its holdings in Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company's stock worth $49,000 after purchasing an additional 20 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new stake in Meta Platforms in the 2nd quarter valued at $59,000. Institutional investors own 79.91% of the company's stock. Get Meta Platforms alerts: Sign Up Meta Platforms Stock Down 1.0% Shares of META opened at $670.72 on Wednesday. The firm has a 50 day simple moving average of $657.96 and a two-hundred day simple moving average of $694.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a market cap of $1.70 trillion, a P/E ratio of 28.54, a P/E/G ratio of 1.16 and a beta of 1.28. Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, January 28th. The social networki...
Richard Drury Stock index futures were higher on Wednesday as traders looked forward to January’s nonfarm payroll report. Now, here are five news stories that broke overnight to watch out for: Trump unveils coal power plan: President Donald Trump will unveil plans to use government funding and Pentagon contracts to sustain U.S. coal-fired power plants as he seeks to drive domestic reliance on the ...
Richard Drury Stock index futures were higher on Wednesday as traders looked forward to January’s nonfarm payroll report. Now, here are five news stories that broke overnight to watch out for: Trump unveils coal power plan: President Donald Trump will unveil plans to use government funding and Pentagon contracts to sustain U.S. coal-fired power plants as he seeks to drive domestic reliance on the fossil fuel, Bloomberg News reported. Trump is also set to announce a Department of Energy plan to provide $175 million for upgrades at six coal-fired plants in Kentucky, North Carolina, Ohio, Virginia, and West Virginia. ByteDance denies AI chip report: ByteDance ( BDNCE ) on Wednesday denied a report that it is developing an artificial intelligence chip. Reuters earlier reported that the TikTok parent was developing an AI chip and is in talks with Samsung Electronics ( SSNLF ) to manufacture it, as the company seeks to secure a supply of advanced processors. Moderna shares slide on FDA setback: Moderna ( MRNA ) said the U.S. Food and Drug Administration will not initiate a review of the biologics license application for its investigational influenza vaccine, mRNA-1010, and has issued a refusal-to-file letter. Shares fell 9% in early trading Wednesday. The company had exercised a priority review voucher to facilitate a timely review of the application. Ancora to oppose Warner Bros.-Netflix deal: Activist investor Ancora is planning to oppose Warner Bros. Discovery’s ( WBD ) deal to sell its streaming and studio businesses to Netflix ( NFLX ), The Wall Street Journal reported. Ancora has built a less than 1% stake, about $200 million, in Warner Bros. Discovery and could disclose its position as soon as Wednesday. The firm plans to continue buying WBD shares. Estée Lauder sues Walmart over counterfeits: Estée Lauder ( EL ) is suing Walmart ( WMT ) for selling counterfeit versions of its licensed products, alleging that the retailer “did very little to ensure that only author...
Namibia estimates it needs far more money than it has already set aside to shield its livestock industry from an outbreak of foot-and-mouth disease that has plagued cloven-hoofed animals in neighboring South Africa. The southwest African nation has allocated N$57 million ($3.6 million), just a fraction of the estimated N$1.5 billion it requires to protect its animals against the highly contagious ...
Namibia estimates it needs far more money than it has already set aside to shield its livestock industry from an outbreak of foot-and-mouth disease that has plagued cloven-hoofed animals in neighboring South Africa. The southwest African nation has allocated N$57 million ($3.6 million), just a fraction of the estimated N$1.5 billion it requires to protect its animals against the highly contagious disease, Agriculture Minister Inge Zaamwani told lawmakers Tuesday. The money will go toward strengthening border patrols, enhancing surveillance and setting up disease-control and buffer zones, said Zaamwani. Preserving FMD-free status is crucial for the economy of Namibia, where livestock farming comprises about two-thirds of the country’s agricultural output, while beef exports account for the largest share of outbound shipments. Largest Africa Farm Show Bans Cloven-Hoofed Animals on Outbreak South Africa Meat-Price Growth Is at Eight-Year High on Outbreak Authorities in South Africa — the continent’s biggest beef producer — are investigating a case of FMD in the town of Kuruman that’s located in the Northern Cape and is about 400 kilometers (249 miles) from the border with southern Namibia, the Diamond Field Advertiser reported, citing Red Meat Producers’ Organisation Northern Cape Operations Officer Yolande Botha. Eight of South Africa’s nine provinces are battling the highly contagious disease that causes blisters and sores in the mouths and feet of cattle, sheep, goats and pigs due to vaccine shortages and uncontrolled movement of animals. Canceled auctions and restrictions on transporting livestock have caused a supply squeeze, pushing the rate of meat-price growth to the highest level in eight years. The outbreak of the FMD in South Africa brings “the threat closer to home, posing “a persistent and escalating threat to Namibia due to shared borders, cross-border livestock movements and regional trade dynamics,” Zaamwani said. Separately, Botswana, which borders Nam...
Bawag Group AG said it was assessing multiple acquisition targets, with a decision over how to use surplus capital expected in the next three months. The comments from the Viennese lender come amid Irish reports that have tipped it as a potential buyer for Permanent TSB Group Holding Plc, the country’s third-largest bank. Read more: Ireland Looking to Sell €735 Million Stake in Permanent TSB Bawag...
Bawag Group AG said it was assessing multiple acquisition targets, with a decision over how to use surplus capital expected in the next three months. The comments from the Viennese lender come amid Irish reports that have tipped it as a potential buyer for Permanent TSB Group Holding Plc, the country’s third-largest bank. Read more: Ireland Looking to Sell €735 Million Stake in Permanent TSB Bawag Chief Executive Officer Anas Abuzaakouk declined to name specific targets, but said Ireland was one of the most robust banking markets in Europe and a core country for the bank. “We have the bandwidth to be able to address larger acquisitions going forward,” he told analysts Wednesday. PTSB is the last lender in Ireland to retain government ownership as the legacy of a massive bailout program during the global financial crisis. The Irish government holds a 57% stake in PTSB that’s valued at about €998 million ($1.19 billion) as of Wednesday’s stock price in Dublin. Bawag had year-end surplus capital of about €468 million, including revenue anticipated from a minority stake sale closing in 2026. Abuzaakouk said the bank would be in a better position to decide how to use excess capital by the time it announces first-quarter results in April. Bawag seeks to fund all deals with capital at hand, but won’t shy away from selling new shares if needed, he said. Bawag plans to generate about €1.5 billion of surplus capital for deals, additional shareholder distribution beyond regular dividends, and organic growth by 2028.
State Bank of India — India’s largest state-backed lender — saw its market value surpass that of the country’s top technology firm after a gap of 15 years, signaling investor preference for companies tied closely to domestic economic growth. Shares of SBI rose 3.4% Wednesday to a record, valuing the lender at $120 billion to surpass Tata Consultancy Services Ltd.’s market value of $116 billion. Th...
State Bank of India — India’s largest state-backed lender — saw its market value surpass that of the country’s top technology firm after a gap of 15 years, signaling investor preference for companies tied closely to domestic economic growth. Shares of SBI rose 3.4% Wednesday to a record, valuing the lender at $120 billion to surpass Tata Consultancy Services Ltd.’s market value of $116 billion. The information technology bellwether’s stock fell 2.5% in Mumbai trading. SBI has rallied 20% from the start of the year on investor optimism for growth in the financial services sector and improving credit demand. India’s financial services space has become a hot bed of merger and acquisition activity in Asia, led by mega banks in Japan and Middle East. Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc., and Sumitomo Mitsui Financial Group Inc have signed multi-billion dollar deals in recent months to deepen their footprint in the sector. Read more: Global Banks Bet Billions on India Amid US Credit Jitters
Crude oil futures rose on Wednesday, extending a move off lows as traders assess the likelihood the U.S. will attack oil producer Iran as well as the impact of India shying away from Russian oil.
Crude oil futures rose on Wednesday, extending a move off lows as traders assess the likelihood the U.S. will attack oil producer Iran as well as the impact of India shying away from Russian oil.
Wealth Management and software firms such as SAP and Dassault Systemes plunged at the European market open. This followed a similar move on Wall Street after a tax-strategy AI tool rolled out Altruist sent shares of financial services firms and wealth managers lower in US trading hours. Elsewhere, sources said Elliot Investment Management has built a stake in London Stock Exchange Group as the FTS...
Wealth Management and software firms such as SAP and Dassault Systemes plunged at the European market open. This followed a similar move on Wall Street after a tax-strategy AI tool rolled out Altruist sent shares of financial services firms and wealth managers lower in US trading hours. Elsewhere, sources said Elliot Investment Management has built a stake in London Stock Exchange Group as the FTSE 100 index owner grapples with disruption from artificial intelligence and a plunge in listings. LSEG rose as much as 8.4% in early London trading Wednesday, the biggest intraday gain in more than three months. (Source: Bloomberg)
China has rejected US claims that it conducted a nuclear test in 2020, saying the accusation is “an excuse” to justify a potential US return to nuclear testing. “The United States has persistently distorted and smeared China’s nuclear policy,” foreign ministry spokesman Lin Jian said on Wednesday. The pushback was in response to a statement by Thomas DiNanno, US undersecretary of state for arms co...
China has rejected US claims that it conducted a nuclear test in 2020, saying the accusation is “an excuse” to justify a potential US return to nuclear testing. “The United States has persistently distorted and smeared China’s nuclear policy,” foreign ministry spokesman Lin Jian said on Wednesday. The pushback was in response to a statement by Thomas DiNanno, US undersecretary of state for arms control and international security, in Geneva on Friday. Advertisement “The US government is aware that China has conducted nuclear explosive tests, including preparing for tests with designated yields in the hundreds of tonnes,” DiNanno said, adding that one of such “yield-producing tests” was conducted on June 22, 2020. The People’s Liberation Army “sought to conceal testing by obfuscating the nuclear explosions” because it recognised that these tests violated test ban commitments, he said, without specifying where the tests allegedly took place. Advertisement “China has used ‘decoupling’, a method to decrease the effectiveness of seismic monitoring, to hide its activities from the world.”
Franklyn Stephenson’s throaty chuckle rolls down the phone line. “You know the hardest thing about bowling that ball? I couldn’t stop laughing when I saw how the batsmen were trying to play it! They’d be jabbing here or ducking there, most of them were so clueless!” Since the earliest days of cricket, bowlers have bamboozled batters with deceptive changes of pace. You can picture those old trickst...
Franklyn Stephenson’s throaty chuckle rolls down the phone line. “You know the hardest thing about bowling that ball? I couldn’t stop laughing when I saw how the batsmen were trying to play it! They’d be jabbing here or ducking there, most of them were so clueless!” Since the earliest days of cricket, bowlers have bamboozled batters with deceptive changes of pace. You can picture those old tricksters now, flannelled and moustachioed, deploying an assortment of sky-high lobs and skiddy, scudding deliveries with a glint in the eye, wreaking havoc on the wealds and downs of southern England. A couple of hundred years later, the Surrey and England bowler Bill Lockwood was said to possess a slower ball “of almost sinful deceit” at the turn of 20th century. Lockwood was hailed by Wisden’s Almanack as “one of the game’s first great fast bowlers” but could deploy his slower ball without any discernible change to his action. This is a crucial factor in the deceptive alchemy of any slower delivery, as Stephenson attests. “You don’t change your action. I’m running in with my big, angry face, my arm swings over at the same speed but the ball comes out of the tip of my fingers, light as a feather, and then it dips, dips, dips.” Now in his mid-60s and running a successful cricket academy in his native Barbados, the former Nottinghamshire and Sussex all-rounder has his place in history as a modern pioneer of the slower ball. He first developed his “moon ball” while playing as an overseas professional for Rawtenstall in the Lancashire League in the 1980s. View image in fullscreen Franklyn Stephenson of Nottinghamshire in May 1988. Photograph: Adrian Murrell/Getty Images Feeling tired at the end of a long net session he reverted to bowling off-spin but was displeased when the club batters started slogging him. This led him to occasionally slip a faster ball in with an off-spinner’s action. His “moon ball” came about as an inversion of this. “I could get it right in the blockhole or ...
Key Points Netflix stock has dropped by about 12% since the start of 2026. Investors are worried about the impacts of a potential acquisition of Warner Bros. Are these fears justified? 10 stocks we like better than Netflix › With shares down 12% year to date and a whopping 19% during the past 12 months, Netflix (NASDAQ: NFLX) stock has fallen out of favor on Wall Street. Analysts are nervous about...
Key Points Netflix stock has dropped by about 12% since the start of 2026. Investors are worried about the impacts of a potential acquisition of Warner Bros. Are these fears justified? 10 stocks we like better than Netflix › With shares down 12% year to date and a whopping 19% during the past 12 months, Netflix (NASDAQ: NFLX) stock has fallen out of favor on Wall Street. Analysts are nervous about management's planned $82.7 billion acquisition of Warner Bros., which is expected to be completed in the third quarter of 2026, pending the necessary regulatory approvals. Although Netflix's revenue and earnings continue to grow at a respectable clip, some fear that a deal of this size could burden its balance sheet (the streaming giant has reportedly secured a $59 billion loan to help with the purchase) and fail to create real value for shareholders. Let's discuss the pros and cons of the planned acquisition to decide if Netflix's stock price dip is a buying opportunity or a sign to stay away. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Why does the market hate large acquisitions so much? On the surface, it might seem counterintuitive for a stock to sell off after a significant acquisition. After all, incorporating a new business means more revenue and economies of scale advantages, which can mean more profits if redundancies are eliminated. But statistically, there are good reasons for investors to view these deals with skepticism. According to research conducted by Fortune magazine, a whopping 70%-75% of acquisitions fail to improve the combined company's sales growth trajectory, unlock cost savings, or maintain its stock price. New York University finance professor Aswath Damodaran takes it a step further by calling mergers the "most value-destructive action a company can take." The reasons for u...
An Asia-wide intellectual property festival will be held in Hong Kong in April, featuring Japanese musicians – including Cocomi as its ambassador – and pop culture exports such as hit franchises Gundam and Godzilla. Held at AsiaWorld-Expo on April 4 and 5, Con-Con Hong Kong will also showcase immersive exhibitions and dialogue sessions with Asian creators. “Con-Con”, which stands for Convention fo...
An Asia-wide intellectual property festival will be held in Hong Kong in April, featuring Japanese musicians – including Cocomi as its ambassador – and pop culture exports such as hit franchises Gundam and Godzilla. Held at AsiaWorld-Expo on April 4 and 5, Con-Con Hong Kong will also showcase immersive exhibitions and dialogue sessions with Asian creators. “Con-Con”, which stands for Convention for Connection, was designed as a cross-sector platform with intellectual property (IP) at its core, organiser Hong Kong content distributor Medialink Group said on Wednesday. Advertisement “Launching from Hong Kong as its first stop, the platform sets its sights on a sustainably expanding future for IP culture across the region and beyond,” it added. According to the organiser, Japanese star Cocomi, daughter of famed actor Takuya Kimura, will fly to Hong Kong to attend the opening ceremony. Advertisement Known for being a versatile musician and performer skilled in flute and voice acting, Cocomi was appointed as ambassador for the festival for musical talent and “otaku” passion. An otaku is a hardcore fan obsessed with a particular subject in anime fandom.