Best Buy Co INC (BBY) Shareholder Marshall Wace Llp Increased Its Stake by $78.08 Million

Best Buy Co., Inc. (NYSE:BBY) Corporate LogoBig Money Sentiment increased to 0.85 in Q2 2018. It has change of 0.01, from 2018Q1’s 0.84. The ratio increased due to BBY positioning: 44 sold and 204 reduced. 70 funds acquired positions and 142 increased positions. Investors holded 234.44 million in 2018Q1 but now own 216.72 million shares or 7.56% less. The New Jersey-based Landscape Mgmt Limited has invested 0.19% in Best Buy Co., Inc. (NYSE:BBY). Paloma Prtnrs Management owns 53,554 shs. Highvista Strategies Lc holds 4,800 shs or 0.16% of its capital. 411,006 are held by Wellington Grp Inc Llp. Capital Fund Mgmt invested 0.14% of its capital in Best Buy Co., Inc. (NYSE:BBY). Strategic Glob Limited Company has 29,582 shs for 0.53% of their capital. Parsons Management Inc Ri has 0.03% invested in Best Buy Co., Inc. (NYSE:BBY) for 4,043 shs. Edgestream Partners Lp stated it has 0.69% of its capital in Best Buy Co., Inc. (NYSE:BBY). Deutsche Comml Bank Ag stated it has 0.1% in Best Buy Co., Inc. (NYSE:BBY). Arrow Investment Advsrs Lc holds 12,655 shs or 0.31% of its capital. Cwm Ltd Liability Corp reported 149 shs stake. Pinnacle Assoc has invested 0.01% of its capital in Best Buy Co., Inc. (NYSE:BBY). Pitcairn Com holds 0.34% or 42,807 shs. Pinebridge Investments Ltd Partnership has 75,621 shs. The Minnesota-based Thrivent Fincl For Lutherans has invested 0% in Best Buy Co., Inc. (NYSE:BBY).

BBY registered $7.04 million net activity with 0 insider purchases and 9 selling transactions since May 23, 2018. On Wednesday, August 29 Walker Patricia H sold $388,309 worth of Best Buy Co., Inc. (NYSE:BBY) or 5,000 shs. On Thursday, June 14 18,570 shs were sold by Saksena Asheesh, worth $1.37 million. 2,617 shs valued at $185,763 were sold by MOHAN RAJENDRA M on Friday, May 25. On Tuesday, September 4 Nelsen Keith J had sold 33,473 shs worth $2.69 million. On Monday, June 4 Scarlett Kathleen sold $84,338 worth of Best Buy Co., Inc. (NYSE:BBY) or 1,225 shs.

Based on the latest 2018Q2 regulatory filing with the SEC, Marshall Wace Llp upped its holdings in Best Buy Co Inc (BBY) by 454.46%. The company’s stock rose 6.81% with the market as Marshall Wace Llp bought 1.06M shares. At the end of 2018Q2, the hedge fund held 1.29M shares of the consumer services company, priced at $96.01 million, up from 232,171 at the end of the previous reported quarter. Best Buy Co Inc has $18.61 billion MC. BBY touched $67.79 during the last trading session after $5.44 change.Best Buy Co., Inc. is uptrending after having risen 37.79% since November 10, 2017. BBY has 6.36 million volume or 80.70% up from normal. BBY outperformed the S&P500 by 22.17%.

Marshall Wace Llp manages about $6.68B US Long portfolio. According to a filing the fund decreased its stake in Domino’s Pizza (NYSE:DPZ) by 38,570 shares to 8,228 shares, valued at $2.32M in 2018Q2. For a total of 17,852 shares it reduced its holding in Ibm (NYSE:IBM) by 31,023 shares in the quarter, and has cut its stake in Prudentl Finl (NYSE:PRU).

There’s a substantial Best Buy Co., Inc. (NYSE:BBY) news posted by Bizjournals.com. It’s an item titled: “Former Best Buy exec to join Ecolab’s board of directors” on November 06, 2018.

Best Buy Co., Inc. (NYSE:BBY) Ratings Coverage

In total 6 analysts cover Best Buy Co (NYSE:BBY). “Buy” rating has 2, “Sell” are 0, while 4 are “Hold”. (NYSE:BBY) has 33% bullish analysts. 7 are the (NYSE:BBY)’s ratings reports on 10 Nov 2018 according to StockzIntelligence Inc. On Wednesday, August 29 the rating was maintained by JP Morgan with “Neutral”. On Wednesday, August 29 the company was maintained by Deutsche Bank. In Wednesday, August 29 report Morgan Stanley maintained it with “Equal-Weight” rating and $78 target. On Wednesday, August 29 the stock has “Neutral” rating by Credit Suisse. The stock rating was maintained by Loop Capital Markets with “Buy” on Thursday, May 24. The stock rating was maintained by Raymond James with “Strong Buy” on Wednesday, August 29. On Thursday, October 11 the rating was maintained by Morgan Stanley with “Equal-Weight”.

Best Buy Co., Inc. (NYSE:BBY) Institutional Investors Chart

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