Merriman Wealth Management Holds Holding in Nvidia (NVDA); Newport Asia Has Cut Holding in Alibaba Group Holding (BABA) by $5.74 Million as Share Value Rose

April 21, 2018 - By Vivian Park

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Merriman Wealth Management Llc increased its stake in Nvidia Corp (NVDA) by 56.07% based on its latest 2017Q4 regulatory filing with the SEC. Merriman Wealth Management Llc bought 1,585 shares as the company’s stock rose 15.49% while stock markets declined. The institutional investor held 4,412 shares of the semiconductors company at the end of 2017Q4, valued at $854,000, up from 2,827 at the end of the previous reported quarter. Merriman Wealth Management Llc who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $138.84 billion market cap company. The stock decreased 0.14% or $0.33 during the last trading session, reaching $228.71. About 8.65M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 108.33% since April 21, 2017 and is uptrending. It has outperformed by 96.78% the S&P500.

Newport Asia Llc decreased its stake in Alibaba Group Holding (BABA) by 2.92% based on its latest 2017Q4 regulatory filing with the SEC. Newport Asia Llc sold 33,400 shares as the company’s stock rose 3.18% while stock markets declined. The institutional investor held 1.11 million shares of the business services company at the end of 2017Q4, valued at $191.47M, down from 1.14M at the end of the previous reported quarter. Newport Asia Llc who had been investing in Alibaba Group Holding for a number of months, seems to be less bullish one the $460.22B market cap company. The stock decreased 1.26% or $2.28 during the last trading session, reaching $179.11. About 14.47 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 21, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Investors sentiment decreased to 1.21 in Q4 2017. Its down 0.09, from 1.3 in 2017Q3. It dropped, as 59 investors sold NVDA shares while 301 reduced holdings. 113 funds opened positions while 321 raised stakes. 363.65 million shares or 6.07% less from 387.15 million shares in 2017Q3 were reported. Valley National Advisers has 126 shares. Colorado-based Shine Investment Advisory has invested 0.04% in NVIDIA Corporation (NASDAQ:NVDA). Oakworth Capital reported 0.02% in NVIDIA Corporation (NASDAQ:NVDA). Welch Limited Liability Corporation holds 0.04% or 1,457 shares in its portfolio. Cornerstone Advisors accumulated 0.24% or 11,000 shares. Public Employees Retirement Systems Of Ohio reported 413,527 shares. Planning Alternatives Limited Adv reported 0.06% in NVIDIA Corporation (NASDAQ:NVDA). Partner Fund Mgmt Ltd Partnership accumulated 144,533 shares. Marathon Trading Inv Mgmt Lc accumulated 0.03% or 5,247 shares. Douglass Winthrop Advsrs Limited Co has invested 0.02% in NVIDIA Corporation (NASDAQ:NVDA). Philadelphia Tru Communications stated it has 1.52% in NVIDIA Corporation (NASDAQ:NVDA). Stifel Financial has 0.08% invested in NVIDIA Corporation (NASDAQ:NVDA) for 126,584 shares. Sand Hill Global Advsr Limited Liability Corp reported 4,634 shares or 0.09% of all its holdings. Ls Inv Advsrs Limited has invested 0.16% in NVIDIA Corporation (NASDAQ:NVDA). Mirae Asset Global Invs Ltd holds 475,943 shares or 1.23% of its portfolio.

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 3 Sell and 16 Hold. Therefore 57% are positive. Nvidia Corporation had 193 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, January 10 by Canaccord Genuity. RBC Capital Markets maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Friday, February 10. RBC Capital Markets has “Outperform” rating and $130 target. Canaccord Genuity maintained NVIDIA Corporation (NASDAQ:NVDA) on Monday, July 24 with “Buy” rating. Evercore maintained the shares of NVDA in report on Wednesday, April 4 with “Buy” rating. The firm has “Buy” rating given on Thursday, June 2 by Goldman Sachs. The firm has “Hold” rating by Canaccord Genuity given on Friday, August 7. Jefferies maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Tuesday, July 4. Jefferies has “Buy” rating and $14000 target. The firm earned “Outperform” rating on Friday, August 12 by RBC Capital Markets. Roth Capital upgraded the shares of NVDA in report on Friday, May 13 to “Buy” rating. The stock has “Buy” rating by M Partners on Wednesday, December 30.

Merriman Wealth Management Llc, which manages about $1.58 billion and $409.69 million US Long portfolio, decreased its stake in Ishares Tr (EFAV) by 41,444 shares to 67,442 shares, valued at $4.92M in 2017Q4, according to the filing. It also reduced its holding in General Electric Co (NYSE:GE) by 93,638 shares in the quarter, leaving it with 93,262 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Since December 13, 2017, it had 0 insider buys, and 7 selling transactions for $22.84 million activity. Drell Persis sold $119,427 worth of stock or 606 shares. Shoquist Debora also sold $7.67M worth of NVIDIA Corporation (NASDAQ:NVDA) shares. Another trade for 40,359 shares valued at $9.91 million was sold by GAITHER JAMES C. 17,307 shares valued at $3.94M were sold by PERRY MARK L on Monday, February 12. 103 shares were sold by Byron Michael, worth $23,496.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 4 before the open. They expect $0.71 EPS, up 82.05% or $0.32 from last year’s $0.39 per share. BABA’s profit will be $1.82 billion for 63.07 P/E if the $0.71 EPS becomes a reality. After $1.34 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts -47.01% negative EPS growth.

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