Dolby Laboratories (DLB) Stock Rose While Towerview Trimmed by $434,000 Its Position; As Alibaba Group Hldg LTD (BABA) Stock Value Rose, Holder Iconiq Capital Decreased by $2.71 Million Its Position

May 25, 2018 - By Ash

Dolby Laboratories, Inc. (NYSE:DLB) Logo

Towerview Llc decreased its stake in Dolby Laboratories Inc (DLB) by 53.85% based on its latest 2017Q4 regulatory filing with the SEC. Towerview Llc sold 7,000 shares as the company’s stock rose 2.14% while stock markets declined. The institutional investor held 6,000 shares of the multi-sector company at the end of 2017Q4, valued at $372,000, down from 13,000 at the end of the previous reported quarter. Towerview Llc who had been investing in Dolby Laboratories Inc for a number of months, seems to be less bullish one the $6.40 billion market cap company. The stock decreased 0.11% or $0.07 during the last trading session, reaching $61.5. About 131,057 shares traded. Dolby Laboratories, Inc. (NYSE:DLB) has risen 24.18% since May 25, 2017 and is uptrending. It has outperformed by 12.63% the S&P500.

Iconiq Capital Llc decreased its stake in Alibaba Group Hldg Ltd (BABA) by 2.48% based on its latest 2017Q4 regulatory filing with the SEC. Iconiq Capital Llc sold 15,767 shares as the company’s stock rose 3.18% while stock markets declined. The hedge fund held 620,570 shares of the business services company at the end of 2017Q4, valued at $107.01 million, down from 636,337 at the end of the previous reported quarter. Iconiq Capital Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $517.13 billion market cap company. The stock increased 1.97% or $3.89 during the last trading session, reaching $201.26. About 15.14 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 25, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 179 analyst reports since August 12, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of BABA in report on Friday, August 18 with “Overweight” rating. The firm has “Overweight” rating given on Tuesday, October 31 by Barclays Capital. The company was maintained on Monday, November 13 by Wells Fargo. Brean Capital maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, November 3. Brean Capital has “Buy” rating and $115 target. The company was maintained on Thursday, September 10 by Stifel Nicolaus. As per Monday, November 6, the company rating was maintained by Oppenheimer. The company was initiated on Thursday, January 7 by Robert W. Baird. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Overweight” rating given on Tuesday, June 28 by Morgan Stanley. Robert W. Baird maintained the stock with “Buy” rating in Thursday, November 2 report. The rating was maintained by Jefferies with “Buy” on Friday, August 12.

Iconiq Capital Llc, which manages about $7.58 billion and $969.52M US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 24,665 shares to 30,480 shares, valued at $5.16 million in 2017Q4, according to the filing. It also increased its holding in Ishares Gold Trust (IAU) by 27,758 shares in the quarter, for a total of 2.68 million shares, and has risen its stake in Ishares Tr (ACWI).

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Fool.com which released: “Alibaba’s Version of Echo Sells 2 Million Units” on May 25, 2018, also Schaeffersresearch.com with their article: “Analyst Sees 52% Upside for Alibaba Stock” published on May 24, 2018, Seekingalpha.com published: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q1 2018 Update” on May 25, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Benzinga.com and their article: “Out With The Old, In With The New: Telecom Sector To Become Communications Services Sector” published on May 24, 2018 as well as Fool.com‘s news article titled: “5 Reasons Alibaba Is Just Going to Go Up From Here” with publication date: May 22, 2018.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on August, 16. They expect $1.16 earnings per share, up 23.40% or $0.22 from last year’s $0.94 per share. BABA’s profit will be $2.98 billion for 43.38 P/E if the $1.16 EPS becomes a reality. After $0.54 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 114.81% EPS growth.

Since December 15, 2017, it had 0 insider purchases, and 27 sales for $79.88 million activity. 10,000 shares were sold by SHERMAN MARK ANDREW, worth $650,000 on Friday, January 12. $1.20M worth of Dolby Laboratories, Inc. (NYSE:DLB) was sold by GOTCHER PETER C on Wednesday, February 28. YEAMAN KEVIN J also sold $1.10 million worth of Dolby Laboratories, Inc. (NYSE:DLB) shares. $162,344 worth of Dolby Laboratories, Inc. (NYSE:DLB) was sold by TEVANIAN AVADIS. Baker Giles sold 35,866 shares worth $2.30 million. $1.06M worth of Dolby Laboratories, Inc. (NYSE:DLB) shares were sold by CHEW LEWIS.

Investors sentiment increased to 1.36 in Q4 2017. Its up 0.32, from 1.04 in 2017Q3. It improved, as 23 investors sold DLB shares while 68 reduced holdings. 50 funds opened positions while 74 raised stakes. 53.15 million shares or 1.00% more from 52.63 million shares in 2017Q3 were reported. Cornerstone Cap Management Holding Ltd Liability Co reported 2,354 shares. Lapides Asset Ltd Com reported 84,100 shares stake. Diamond Hill Cap Inc stated it has 8,117 shares. Delta Asset Mgmt Limited Liability Co Tn holds 0% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB) for 15 shares. Jefferies Grp Ltd Limited Liability Company accumulated 9,047 shares. Bradley Foster And Sargent Ct holds 0.43% or 193,360 shares in its portfolio. Millennium Mngmt Ltd Co stated it has 0.04% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB). Moreover, Cibc Asset Mgmt has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB). Ameritas Investment Prtnrs holds 0.05% or 16,800 shares in its portfolio. Castleark Management Lc stated it has 76,180 shares or 0.14% of all its holdings. Moreover, Royal Fincl Bank Of Canada has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB) for 67,582 shares. Whittier Com reported 3,000 shares stake. Etrade Capital Management Ltd Com invested 0.01% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB). Hermes Inv stated it has 0.02% in Dolby Laboratories, Inc. (NYSE:DLB). Eagle Ridge Inv, a Connecticut-based fund reported 111,052 shares.

Among 8 analysts covering Dolby Laboratories (NYSE:DLB), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Dolby Laboratories had 20 analyst reports since October 22, 2015 according to SRatingsIntel. The stock of Dolby Laboratories, Inc. (NYSE:DLB) earned “Neutral” rating by JP Morgan on Friday, April 8. The stock of Dolby Laboratories, Inc. (NYSE:DLB) earned “Neutral” rating by JP Morgan on Thursday, January 25. The firm has “Buy” rating by Dougherty & Company given on Thursday, April 28. The rating was maintained by Piper Jaffray on Wednesday, July 26 with “Hold”. Dougherty maintained Dolby Laboratories, Inc. (NYSE:DLB) rating on Tuesday, April 3. Dougherty has “Buy” rating and $7500 target. The stock of Dolby Laboratories, Inc. (NYSE:DLB) earned “Buy” rating by B. Riley & Co on Wednesday, July 26. Dougherty maintained Dolby Laboratories, Inc. (NYSE:DLB) on Wednesday, September 13 with “Buy” rating. On Thursday, October 26 the stock rating was maintained by B. Riley & Co with “Buy”. The firm has “Hold” rating given on Thursday, January 25 by FBR Capital. The rating was upgraded by Dougherty & Company on Thursday, January 28 to “Buy”.

Dolby Laboratories, Inc. (NYSE:DLB) Institutional Positions Chart

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