Reilly Financial Advisors Decreased Alibaba Group Hldg LTD (BABA) Holding by $4.52 Million as Market Value Rose; Icici Bk LTD (IBN) Stock Rose While Nine Masts Capital LTD Lowered Position

February 19, 2018 - By Hazel Jackson

Chao Ku decreased its stake in Icici Bk Ltd (IBN) by 34.96% based on its latest 2017Q3 regulatory filing with the SEC. Nine Masts Capital Ltd sold 1.57 million shares as the company’s stock rose 14.25% with the market. The hedge fund run by Chao Ku held 2.92 million shares of the commercial banks company at the end of 2017Q3, valued at $24.83 million, down from 4.48M at the end of the previous reported quarter. Nine Masts Capital Ltd who had been investing in Icici Bk Ltd for a number of months, seems to be less bullish one the $31.91B market cap company. The stock decreased 2.50% or $0.26 during the last trading session, reaching $10.15. About 9.16 million shares traded or 39.31% up from the average. ICICI Bank Limited (NYSE:IBN) has risen 45.32% since February 19, 2017 and is uptrending. It has outperformed by 28.62% the S&P500.

Reilly Financial Advisors Llc decreased its stake in Alibaba Group Hldg Ltd (BABA) by 29.56% based on its latest 2017Q3 regulatory filing with the SEC. Reilly Financial Advisors Llc sold 26,270 shares as the company’s stock rose 22.58% with the market. The institutional investor held 62,601 shares of the business services company at the end of 2017Q3, valued at $10.81 million, down from 88,871 at the end of the previous reported quarter. Reilly Financial Advisors Llc 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.

Among 7 analysts covering ICICI Bank (NYSE:IBN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. ICICI Bank had 11 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of ICICI Bank Limited (NYSE:IBN) has “Buy” rating given on Monday, October 30 by Jefferies. Morgan Stanley initiated the stock with “Buy” rating in Tuesday, January 16 report. The stock has “Sell” rating by Zacks on Wednesday, August 19. The rating was upgraded by UBS on Friday, October 21 to “Buy”. The stock of ICICI Bank Limited (NYSE:IBN) earned “Outperform” rating by Credit Suisse on Thursday, April 21. Goldman Sachs upgraded ICICI Bank Limited (NYSE:IBN) on Monday, October 24 to “Buy” rating. The company was upgraded on Thursday, September 3 by Zacks. As per Wednesday, August 26, the company rating was upgraded by Standpoint Research. The rating was upgraded by Zacks to “Sell” on Tuesday, August 25. As per Monday, September 14, the company rating was upgraded by Goldman Sachs.

Nine Masts Capital Ltd, which manages about $674.93 million US Long portfolio, upped its stake in Tyson Foods Inc (NYSE:TSN) by 17,515 shares to 18,315 shares, valued at $1.29M in 2017Q3, according to the filing. It also increased its holding in Nvidia Corp (Put) (NASDAQ:NVDA) by 1,050 shares in the quarter, for a total of 1,750 shares, and has risen its stake in Biogen Inc (NASDAQ:BIIB).

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. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Overweight” rating given on Tuesday, June 28 by Morgan Stanley. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Friday, October 30 by M Partners. The rating was maintained by RBC Capital Markets on Monday, August 14 with “Buy”. The rating was maintained by Needham on Friday, November 3 with “Buy”. The stock has “Buy” rating by Brean Capital on Wednesday, October 28. Morgan Stanley maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Monday, January 29. Morgan Stanley has “Buy” rating and $250.0 target. On Friday, August 12 the stock rating was maintained by Brean Capital with “Buy”. Oppenheimer maintained the shares of BABA in report on Wednesday, October 28 with “Outperform” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by SunTrust on Friday, October 20. As per Tuesday, May 9, the company rating was maintained by Needham.

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