Alibaba Group Hldg LTD (BABA) Shareholder Matthews International Capital Management Lifted Its Holding by $2.92 Million as Share Value Rose; State Of New Jersey Common Pension Fund D Has Raised Fedex (FDX) Holding by $2.25 Million

January 13, 2018 - By Vivian Park

State Of New Jersey Common Pension Fund D increased its stake in Fedex Corp (FDX) by 4.55% based on its latest 2017Q3 regulatory filing with the SEC. State Of New Jersey Common Pension Fund D bought 10,000 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 230,000 shares of the air freight and delivery services company at the end of 2017Q3, valued at $51.88 million, up from 220,000 at the end of the previous reported quarter. State Of New Jersey Common Pension Fund D who had been investing in Fedex Corp for a number of months, seems to be bullish on the $72.83 billion market cap company. The stock increased 0.24% or $0.66 during the last trading session, reaching $271.85. About 1.34 million shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since January 13, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Matthews International Capital Management Llc increased its stake in Alibaba Group Hldg Ltd (BABA) by 0.86% based on its latest 2017Q3 regulatory filing with the SEC. Matthews International Capital Management Llc bought 17,000 shares as the company’s stock rose 22.58% with the market. The institutional investor held 1.99 million shares of the business services company at the end of 2017Q3, valued at $344.13 million, up from 1.98M at the end of the previous reported quarter. Matthews International Capital Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $481.84 billion market cap company. The stock decreased 0.51% or $0.96 during the last trading session, reaching $187.79. About 11.79M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 13, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 37 analysts covering Alibaba (NYSE:BABA), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 157 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Deutsche Bank on Monday, April 25. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by Morgan Stanley on Thursday, December 8. The firm has “Outperform” rating given on Friday, August 12 by RBC Capital Markets. The firm has “Buy” rating by Needham given on Tuesday, May 9. JP Morgan maintained the stock with “Overweight” rating in Tuesday, June 27 report. The firm has “Buy” rating by M Partners given on Friday, October 30. Goldman Sachs maintained the stock with “Buy” rating in Friday, August 12 report. As per Thursday, January 21, the company rating was upgraded by Standpoint Research. The rating was maintained by Brean Capital on Friday, January 29 with “Buy”. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Jefferies on Monday, August 14.

Matthews International Capital Management Llc, which manages about $24.94 billion and $2.42 billion US Long portfolio, decreased its stake in Ctrip Com Intl Ltd (NASDAQ:CTRP) by 85,600 shares to 308,100 shares, valued at $16.25M in 2017Q3, according to the filing. It also reduced its holding in Chunghwa Telecom Co Ltd (NYSE:CHT) by 298,900 shares in the quarter, leaving it with 1.40 million shares, and cut its stake in China Mobile Limited (NYSE:CHL).

Since September 21, 2017, it had 0 insider purchases, and 6 insider sales for $22.31 million activity. Shares for $802,405 were sold by STEINER DAVID P on Friday, January 5. The insider Maier Henry J sold $2.55M. Shares for $2.20 million were sold by Colleran Donald F. BRONCZEK DAVID J sold $11.89 million worth of stock or 46,555 shares. Shares for $3.38M were sold by DUCKER MICHAEL L.

Investors sentiment increased to 1.07 in Q3 2017. Its up 0.06, from 1.01 in 2017Q2. It is positive, as 49 investors sold FDX shares while 378 reduced holdings. 122 funds opened positions while 336 raised stakes. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported. San Francisco Sentry (Ca) owns 2,429 shares. Focused Wealth Mgmt stated it has 40 shares or 0% of all its holdings. Moreover, Ferguson Wellman Cap has 0.11% invested in FedEx Corporation (NYSE:FDX). Girard Prtn Limited accumulated 3,433 shares. Lodestar Counsel Ltd Liability Il has 6,822 shares for 0.19% of their portfolio. Whittier Tru accumulated 0.04% or 4,685 shares. Lee Danner Bass holds 1.31% of its portfolio in FedEx Corporation (NYSE:FDX) for 53,850 shares. Ardsley Advisory Partners has 1.13% invested in FedEx Corporation (NYSE:FDX) for 37,550 shares. Umb Bancorp N A Mo reported 22,396 shares. 23,905 are held by Mcmillion Mngmt. Rdl has 1,126 shares. Scholtz & Ltd Liability Corporation holds 1.84% or 10,450 shares in its portfolio. First Limited Partnership reported 178,743 shares. F&V Mngmt Lc reported 5.21% of its portfolio in FedEx Corporation (NYSE:FDX). Tokio Marine Asset Management Limited holds 0.07% or 2,156 shares in its portfolio.

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx had 105 analyst reports since August 14, 2015 according to SRatingsIntel. Zacks downgraded FedEx Corporation (NYSE:FDX) on Monday, August 24 to “Hold” rating. Deutsche Bank initiated the shares of FDX in report on Wednesday, November 2 with “Buy” rating. The company was maintained on Thursday, March 17 by UBS. The rating was maintained by UBS on Wednesday, June 21 with “Buy”. BMO Capital Markets maintained FedEx Corporation (NYSE:FDX) on Friday, March 24 with “Outperform” rating. As per Monday, December 14, the company rating was maintained by Credit Suisse. BMO Capital Markets maintained FedEx Corporation (NYSE:FDX) rating on Tuesday, September 5. BMO Capital Markets has “Buy” rating and $245.0 target. The rating was maintained by Stifel Nicolaus on Wednesday, September 20 with “Hold”. The stock has “Buy” rating by Wells Fargo on Wednesday, December 20. The rating was maintained by Cowen & Co on Thursday, March 23 with “Outperform”.

State Of New Jersey Common Pension Fund D, which manages about $25.04B US Long portfolio, decreased its stake in Integrated Device Technology (NASDAQ:IDTI) by 190,000 shares to 630,000 shares, valued at $16.75 million in 2017Q3, according to the filing. It also reduced its holding in Aflac Inc (NYSE:AFL) by 30,000 shares in the quarter, leaving it with 460,000 shares, and cut its stake in Lauder Estee Cos Inc (NYSE:EL).

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