Nelson Roberts Investment Advisors Lifted Position in Verizon Communications (VZ) by $3.63 Million; Alibaba Group Hldg LTD (BABA) Share Price Rose While Target Asset Management Pte LTD Has Decreased Its Stake by $8.60 Million

February 19, 2018 - By Jonathan Benavides

Nelson Roberts Investment Advisors Llc increased its stake in Verizon Communications Inc (VZ) by 73.25% based on its latest 2017Q3 regulatory filing with the SEC. Nelson Roberts Investment Advisors Llc bought 74,058 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 175,163 shares of the telecommunications equipment company at the end of 2017Q3, valued at $8.67M, up from 101,105 at the end of the previous reported quarter. Nelson Roberts Investment Advisors Llc who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $204.56 billion market cap company. The stock increased 0.82% or $0.41 during the last trading session, reaching $50.15. About 12.26 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 19, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Target Asset Management Pte Ltd decreased its stake in Alibaba Group Hldg Ltd (BABA) by 28.75% based on its latest 2017Q3 regulatory filing with the SEC. Target Asset Management Pte Ltd sold 50,000 shares as the company’s stock rose 22.58% with the market. The institutional investor held 123,900 shares of the business services company at the end of 2017Q3, valued at $21.40 million, down from 173,900 at the end of the previous reported quarter. Target Asset Management Pte Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $471.29B market cap company. The stock decreased 2.01% or $3.77 during the last trading session, reaching $183.68. About 16.11M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 19, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Since August 28, 2017, it had 0 buys, and 4 selling transactions for $436,322 activity. On Tuesday, February 13 the insider Skiadas Anthony T sold $346,957.

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating by Raymond James given on Wednesday, January 25. The stock has “Hold” rating by Oppenheimer on Thursday, August 10. Scotia Capital maintained it with “Sector Outperform” rating and $51 target in Wednesday, October 21 report. The rating was maintained by RBC Capital Markets on Sunday, September 17 with “Hold”. The rating was maintained by Barclays Capital on Monday, April 18 with “Equal-Weight”. The rating was maintained by KeyBanc Capital Markets with “Sector Weight” on Tuesday, January 2. The rating was maintained by RBC Capital Markets with “Hold” on Friday, May 26. The company was downgraded on Wednesday, July 20 by Oppenheimer. The firm has “Hold” rating given on Wednesday, October 4 by Robert W. Baird. Nomura maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 24 with “Buy” rating.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is flat, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Sva Plumb Wealth Management Ltd Liability holds 0.48% or 77,807 shares in its portfolio. Manchester Lc invested 0.08% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Fjarde Ap, Alabama-based fund reported 963,462 shares. Front Barnett Assoc Lc holds 4,205 shares. Moreover, Glg Lc has 0.62% invested in Verizon Communications Inc. (NYSE:VZ). Chase Counsel, a Virginia-based fund reported 4,755 shares. Davis R M has invested 0.07% in Verizon Communications Inc. (NYSE:VZ). Commerzbank Aktiengesellschaft Fi owns 1.20 million shares for 0.78% of their portfolio. Mu Co Ltd has invested 0.05% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Susquehanna International Grp Llp has invested 0.02% in Verizon Communications Inc. (NYSE:VZ). Notis reported 0.56% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Nelson Van Denburg And Campbell Wealth Grp Llc stated it has 24,164 shares or 0.4% of all its holdings. Cahill Financial Advsr has 10,352 shares. Perigon Wealth Limited Liability Company, California-based fund reported 8,533 shares. Aspen Investment Management Incorporated accumulated 17,215 shares.

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 168 analyst reports since August 12, 2015 according to SRatingsIntel. Goldman Sachs maintained it with “Buy” rating and $104 target in Tuesday, June 21 report. The rating was upgraded by Standpoint Research to “Buy” on Thursday, January 21. As per Tuesday, September 1, the company rating was upgraded by Zacks. Barclays Capital maintained it with “Overweight” rating and $200 target in Monday, August 21 report. The rating was upgraded by Atlantic Securities to “Overweight” on Tuesday, August 22. M Partners maintained the shares of BABA in report on Wednesday, August 12 with “Buy” rating. Standpoint Research downgraded the shares of BABA in report on Thursday, April 20 to “Reduce” rating. The firm has “Buy” rating by Stifel Nicolaus given on Monday, July 10. UBS maintained Alibaba Group Holding Limited (NYSE:BABA) on Friday, August 14 with “Buy” rating. Credit Suisse maintained the shares of BABA in report on Friday, August 12 with “Outperform” rating.

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