As Alibaba Group (BABA) Valuation Rose, Hartwell J M Limited Partnership Has Upped Its Position by $4.76 Million; Fisher Asset Management Decreased Wells Fargo Co New (WFC) Holding by $1.75 Million as Valuation Declined

April 25, 2018 - By Adrian Mccoy

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Hartwell J M Limited Partnership increased its stake in Alibaba Group (BABA) by 26.55% based on its latest 2017Q4 regulatory filing with the SEC. Hartwell J M Limited Partnership bought 27,680 shares as the company’s stock rose 3.18% while stock markets declined. The hedge fund held 131,925 shares of the business services company at the end of 2017Q4, valued at $22.75M, up from 104,245 at the end of the previous reported quarter. Hartwell J M Limited Partnership who had been investing in Alibaba Group for a number of months, seems to be bullish on the $434.86 billion market cap company. The stock decreased 2.22% or $3.85 during the last trading session, reaching $169.24. About 10.49 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 25, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Ken Fisher decreased its stake in Wells Fargo Co New (WFC) by 10.03% based on its latest 2017Q4 regulatory filing with the SEC. Fisher Asset Management Llc sold 29,112 shares as the company’s stock declined 16.98% with the market. The hedge fund run by Ken Fisher held 261,272 shares of the major banks company at the end of 2017Q4, valued at $15.85M, down from 290,384 at the end of the previous reported quarter. Fisher Asset Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $254.71B market cap company. The stock decreased 0.48% or $0.25 during the last trading session, reaching $52.26. About 5.80M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 25, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Hartwell J M Limited Partnership, which manages about $535.54 million and $532.32 million US Long portfolio, decreased its stake in Symantec Corp (NASDAQ:SYMC) by 52,350 shares to 506,100 shares, valued at $14.20M in 2017Q4, according to the filing. It also reduced its holding in Portola Pharmaceuticals (NASDAQ:PTLA) by 6,325 shares in the quarter, leaving it with 29,125 shares, and cut its stake in Virtusa Corp (NASDAQ:VRTU).

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 171 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Bank of America on Thursday, February 1 with “Buy”. Morgan Stanley reinitiated Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, December 8. Morgan Stanley has “Overweight” rating and $130 target. The firm has “Buy” rating given on Monday, November 13 by Robert W. Baird. As per Friday, August 12, the company rating was maintained by SunTrust. The firm has “Outperform” rating given on Thursday, November 3 by RBC Capital Markets. KeyBanc Capital Markets maintained the shares of BABA in report on Friday, August 18 with “Overweight” rating. The firm has “Neutral” rating by Wedbush given on Wednesday, August 12. The rating was maintained by Robert W. Baird with “Buy” on Friday, October 27. SunTrust maintained the shares of BABA in report on Thursday, November 2 with “Buy” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Neutral” rating given on Wednesday, October 28 by Wedbush.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Ashfield Ltd invested 0.76% in Wells Fargo & Company (NYSE:WFC). Kepos Capital LP owns 61,872 shares or 0.34% of their US portfolio. Moreover, Stratos Wealth Partners Ltd has 0.23% invested in Wells Fargo & Company (NYSE:WFC). First Fiduciary Investment Counsel Incorporated owns 297,719 shares. Maryland Cap Mgmt owns 45,229 shares. Sii Investments Inc Wi reported 0.1% in Wells Fargo & Company (NYSE:WFC). Texas-based Shamrock Asset Management Ltd Com has invested 0.37% in Wells Fargo & Company (NYSE:WFC). Pring Turner Gru Inc holds 54,714 shares or 3.58% of its portfolio. Bragg Fin owns 106,267 shares. Hotchkis & Wiley Cap Mngmt Limited Liability Co reported 2.93% stake. Vantage Prns Limited Co reported 266,716 shares stake. Community Bancorporation Na holds 0.24% in Wells Fargo & Company (NYSE:WFC) or 37,538 shares. Utah Retirement System invested in 1.05% or 823,963 shares. California State Teachers Retirement Systems accumulated 8.31M shares. Busey Company holds 1.85% or 238,940 shares.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 earnings per share, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70 billion for 11.17 P/E if the $1.17 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Fisher Asset Management Llc, which manages about $76.56 billion US Long portfolio, upped its stake in Petmed Express Inc (NASDAQ:PETS) by 16,716 shares to 143,513 shares, valued at $6.53M in 2017Q4, according to the filing. It also increased its holding in Advanced Semiconductor Eng Adr (NYSE:ASX) by 864,217 shares in the quarter, for a total of 31.44M shares, and has risen its stake in Orasure Technologies Inc (NASDAQ:OSUR).

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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