Greenwich Investment Management Has Increased Exxon Mobil (XOM) Holding by $514,350; Alibaba Group Hldg LTD (BABA) Holder Tiger Management Decreased Holding by $4.20 Million as Stock Value Rose

January 14, 2018 - By Michael Collier

Julian Robertson decreased its stake in Alibaba Group Hldg Ltd (BABA) by 11.4% based on its latest 2017Q3 regulatory filing with the SEC. Tiger Management Llc sold 24,400 shares as the company’s stock rose 22.58% with the market. The hedge fund run by Julian Robertson held 189,600 shares of the business services company at the end of 2017Q3, valued at $32.75M, down from 214,000 at the end of the previous reported quarter. Tiger Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $481.84B market cap company. The stock decreased 0.51% or $0.96 during the last trading session, reaching $187.79. About 11.79 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 14, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Greenwich Investment Management Inc increased its stake in Exxon Mobil Corp (XOM) by 66% based on its latest 2017Q3 regulatory filing with the SEC. Greenwich Investment Management Inc bought 6,350 shares as the company’s stock rose 0.21% with the market. The institutional investor held 15,971 shares of the integrated oil company at the end of 2017Q3, valued at $1.31 million, up from 9,621 at the end of the previous reported quarter. Greenwich Investment Management Inc who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $370.83 billion market cap company. The stock increased 0.68% or $0.59 during the last trading session, reaching $87.52. About 9.83 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 14, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on January, 23. They expect $1.45 EPS, up 33.03% or $0.36 from last year’s $1.09 per share. BABA’s profit will be $3.72 billion for 32.38 P/E if the $1.45 EPS becomes a reality. After $1.02 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 42.16% EPS growth.

Tiger Management Llc, which manages about $799.15 million and $552.72M US Long portfolio, upped its stake in Quintiles Ims Holdings Inc (NYSE:Q) by 30,200 shares to 299,400 shares, valued at $28.46M in 2017Q3, according to the filing. It also increased its holding in Controladora Vuela Cia De Av (NYSE:VLRS) by 63,000 shares in the quarter, for a total of 1.05M shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

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 firm earned “Strong Sell” rating on Tuesday, September 1 by Zacks. The firm earned “Buy” rating on Wednesday, August 26 by M Partners. The firm earned “Buy” rating on Friday, January 29 by Brean Capital. The firm has “Buy” rating given on Monday, September 14 by Axiom Capital. The firm has “Strong Buy” rating by Raymond James given on Friday, August 12. As per Thursday, June 22, the company rating was maintained by Robert W. Baird. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Neutral” rating by Wedbush on Friday, January 29. As per Monday, June 26, the company rating was maintained by Oppenheimer. SunTrust maintained the shares of BABA in report on Friday, August 12 with “Buy” rating. Credit Suisse maintained the stock with “Outperform” rating in Friday, May 6 report.

Since August 4, 2017, it had 0 buys, and 6 insider sales for $5.32 million activity. Franklin Robert Stuart also sold $1.81M worth of Exxon Mobil Corporation (NYSE:XOM) shares. Milton Bryan W sold 7,281 shares worth $606,082. $1.62M worth of stock was sold by Corson Bradley W on Monday, December 11. Shares for $200,293 were sold by Wascom Dennis G. 12,000 shares were sold by Chapman Neil A, worth $996,628.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 80 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Hold” rating given on Tuesday, October 3 by Jefferies. The firm earned “Underperform” rating on Wednesday, October 18 by Morgan Stanley. The company was maintained on Tuesday, June 13 by RBC Capital Markets. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Reduce” rating by HSBC on Tuesday, November 7. The firm earned “Hold” rating on Wednesday, December 20 by Jefferies. The stock has “Strong-Buy” rating by Vetr on Wednesday, August 12. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by RBC Capital Markets on Thursday, July 20. Scotia Capital upgraded the stock to “Buy” rating in Monday, June 5 report. Jefferies maintained the shares of XOM in report on Friday, April 7 with “Neutral” rating. The company was maintained on Thursday, September 3 by Barclays Capital.

Greenwich Investment Management Inc, which manages about $387.59 million and $77.72M US Long portfolio, decreased its stake in Ares Cap Corp (NASDAQ:ARCC) by 279,754 shares to 220,813 shares, valued at $3.62M in 2017Q3, according to the filing.

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