Mirador Capital Partners LP Has Increased Verizon Communications (VZ) Stake; Veritas Asset Management Llp Increased Alibaba Group Holding (BABA) Stake

May 22, 2018 - By Hazel Jackson

Verizon Communications Inc. (NYSE:VZ) Logo

Mirador Capital Partners Lp increased Verizon Communications Inc (VZ) stake by 170.86% reported in 2017Q4 SEC filing. Mirador Capital Partners Lp acquired 32,704 shares as Verizon Communications Inc (VZ)’s stock declined 11.05%. The Mirador Capital Partners Lp holds 51,845 shares with $2.74 million value, up from 19,141 last quarter. Verizon Communications Inc now has $201.68B valuation. The stock increased 0.78% or $0.38 during the last trading session, reaching $48.81. About 18.52M shares traded or 17.56% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 22, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Veritas Asset Management Llp increased Alibaba Group Holding (BABA) stake by 22.22% reported in 2017Q4 SEC filing. Veritas Asset Management Llp acquired 30,000 shares as Alibaba Group Holding (BABA)’s stock rose 3.18%. The Veritas Asset Management Llp holds 165,000 shares with $28.45 million value, up from 135,000 last quarter. Alibaba Group Holding now has $503.28B valuation. The stock decreased 0.90% or $1.77 during the last trading session, reaching $195.87. About 9.69M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 22, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Among 31 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 16 Hold. Therefore 48% are positive. Verizon Communications Inc. had 84 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, July 18 by Cowen & Co. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Wednesday, January 24 by JP Morgan. The firm has “Perform” rating by Oppenheimer given on Wednesday, July 20. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Jefferies on Wednesday, April 25. The company was maintained on Friday, October 20 by SunTrust. The rating was maintained by KeyBanc Capital Markets on Tuesday, January 2 with “Sector Weight”. RBC Capital Markets maintained the shares of VZ in report on Friday, October 20 with “Hold” rating. Macquarie Research maintained Verizon Communications Inc. (NYSE:VZ) rating on Thursday, June 15. Macquarie Research has “Hold” rating and $4900 target. JP Morgan upgraded Verizon Communications Inc. (NYSE:VZ) on Friday, May 11 to “Overweight” rating. The stock of Verizon Communications Inc. (NYSE:VZ) has “Sector Perform” rating given on Wednesday, January 25 by RBC Capital Markets.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “Verizon holds sellside analyst meeting” on May 21, 2018, also Globenewswire.com with their article: “Verizon to speak at JP Morgan conference May 16” published on May 15, 2018, Globenewswire.com published: “Verizon collapses key network elements, improving efficiency and customer functionality” on April 30, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: 247Wallst.com and their article: “Is Verizon Back on Track?” published on April 24, 2018 as well as 247Wallst.com‘s news article titled: “Why Verizon’s Earnings May Be Under a Cloud” with publication date: April 23, 2018.

Since February 13, 2018, it had 0 insider purchases, and 2 insider sales for $444,552 activity. Shares for $97,595 were sold by Skiadas Anthony T.

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.14, from 0.88 in 2017Q3. It increased, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Schmidt P J owns 124,208 shares. Wealthfront Inc holds 0.06% or 104,305 shares in its portfolio. 59,299 were accumulated by Essex Financial Inc. Notis owns 17,840 shares. 154,806 are owned by Connors Investor Svcs. Cypress Cap Grp Inc has invested 0.88% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Citadel Advisors, Illinois-based fund reported 5.33M shares. Thompson Davis And Com Incorporated has invested 0.29% in Verizon Communications Inc. (NYSE:VZ). Asset has invested 1.09% in Verizon Communications Inc. (NYSE:VZ). Cim Investment Mangement Inc owns 52,331 shares or 0.95% of their US portfolio. Private Company Na holds 51,946 shares. Alexandria Cap Lc accumulated 28,911 shares. Fiduciary Financial Of The Southwest Inc Tx accumulated 77,062 shares or 1.2% of the stock. Nottingham, a New York-based fund reported 6,481 shares. Paloma Prtn Management Company reported 0.01% in Verizon Communications Inc. (NYSE:VZ).

Veritas Asset Management Llp decreased Netease Inc (NASDAQ:NTES) stake by 9,000 shares to 60,000 valued at $20.70 million in 2017Q4. It also reduced American Express Co (NYSE:AXP) stake by 35,000 shares and now owns 11.00 million shares. Pfizer Inc (NYSE:PFE) was reduced too.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Livetradingnews.com which released: “Alibaba Group Holding Limited (NYSE:BABA) Stock Overbought” on May 22, 2018, also Finance.Yahoo.com with their article: “Bears Are in Trouble in Alibaba Group Holding Ltd Stock” published on May 21, 2018, Investorplace.com published: “7 Triple-A Stocks to Buy — With 100% Street Support” on May 22, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Finance.Yahoo.com and their article: “Alibaba Group Holding Ltd Is Itching for a Breakout” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Alibaba: Another Explosive Quarter” with publication date: May 14, 2018.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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