As Adr Alibaba Group Holding LTD Sponsored Ads (BABA) Stock Value Rose, Shareholder Jackson Square Partners Has Cut Its Position; Plancorp Boosted Position in Randgold Res LTD (GOLD) as Market Valuation Rose

February 20, 2018 - By Vivian Park

Jackson Square Partners Llc decreased its stake in Adr Alibaba Group Holding Ltd Sponsored Ads (BABA) by 8.45% based on its latest 2017Q3 regulatory filing with the SEC. Jackson Square Partners Llc sold 39,231 shares as the company’s stock rose 22.58% with the market. The institutional investor held 425,157 shares of the business services company at the end of 2017Q3, valued at $73.43M, down from 464,388 at the end of the previous reported quarter. Jackson Square Partners Llc who had been investing in Adr Alibaba Group Holding Ltd Sponsored Ads for a number of months, seems to be less bullish one the $481.09B market cap company. The stock increased 2.08% or $3.82 during the last trading session, reaching $187.5. About 7.32 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 20, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Plancorp Llc increased its stake in Randgold Res Ltd (GOLD) by 14.58% based on its latest 2017Q3 regulatory filing with the SEC. Plancorp Llc bought 4,210 shares as the company’s stock rose 4.27% with the market. The institutional investor held 33,095 shares of the precious metals company at the end of 2017Q3, valued at $3.23M, up from 28,885 at the end of the previous reported quarter. Plancorp Llc who had been investing in Randgold Res Ltd for a number of months, seems to be bullish on the $7.40 billion market cap company. The stock decreased 1.70% or $1.49 during the last trading session, reaching $86.18. About 238,190 shares traded. Randgold Resources Limited (NASDAQ:GOLD) has risen 7.63% since February 20, 2017 and is uptrending. It has underperformed by 9.07% the S&P500.

Plancorp Llc, which manages about $2.43 billion and $338.50M US Long portfolio, decreased its stake in Emerson Elec Co (NYSE:EMR) by 6,521 shares to 267,489 shares, valued at $16.81 million in 2017Q3, according to the filing. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 5,915 shares in the quarter, leaving it with 18,323 shares, and cut its stake in Monsanto Co New (NYSE:MON).

Among 16 analysts covering Randgold-Resources (NASDAQ:GOLD), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Randgold-Resources had 33 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Randgold Resources Limited (NASDAQ:GOLD) has “Overweight” rating given on Monday, November 7 by JP Morgan. The firm has “Neutral” rating by Citigroup given on Tuesday, November 22. The rating was upgraded by Deutsche Bank on Monday, December 19 to “Buy”. On Friday, September 25 the stock rating was initiated by Jefferies with “Hold”. The firm earned “Overweight” rating on Monday, February 12 by JP Morgan. The stock has “Buy” rating by Jefferies on Thursday, July 14. On Monday, August 10 the stock rating was upgraded by Numis Securities to “Add”. JP Morgan maintained Randgold Resources Limited (NASDAQ:GOLD) rating on Thursday, April 7. JP Morgan has “Neutral” rating and $85 target. JP Morgan maintained the shares of GOLD in report on Monday, August 15 with “Neutral” rating. The stock has “Outperform” rating by Macquarie Research on Friday, July 1.

Jackson Square Partners Llc, which manages about $24.97 billion and $20.61B US Long portfolio, upped its stake in Lendingtree Inc New Com Usd0.01 (NASDAQ:TREE) by 1,853 shares to 549,600 shares, valued at $134.35 million in 2017Q3, according to the filing. It also increased its holding in Dentsply Sirona Inc Com by 855,199 shares in the quarter, for a total of 6.33M shares, and has risen its stake in Samsung Electronic Krw5000.

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