Cubist Systematic Strategies Raised Its Stake in Alibaba Group Hldg LTD (BABA) by $4.15 Million as Market Valuation Rose; International Business Machine (IBM) Stake Maintained by John G Ullman & Associates Inc

February 22, 2018 - By Linda Rogers

John G Ullman & Associates Inc increased its stake in International Business Machine (IBM) by 7.76% based on its latest 2017Q3 regulatory filing with the SEC. John G Ullman & Associates Inc bought 4,817 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 66,898 shares of the computer manufacturing company at the end of 2017Q3, valued at $9.71 million, up from 62,081 at the end of the previous reported quarter. John G Ullman & Associates Inc who had been investing in International Business Machine for a number of months, seems to be bullish on the $143.03B market cap company. The stock increased 0.34% or $0.53 during the last trading session, reaching $154.49. About 1.99 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 22, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Cubist Systematic Strategies Llc increased its stake in Alibaba Group Hldg Ltd (BABA) by 892.01% based on its latest 2017Q3 regulatory filing with the SEC. Cubist Systematic Strategies Llc bought 24,129 shares as the company’s stock rose 22.58% with the market. The institutional investor held 26,834 shares of the business services company at the end of 2017Q3, valued at $4.64M, up from 2,705 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $484.31 billion market cap company. The stock decreased 0.03% or $0.0647 during the last trading session, reaching $188.7553. About 7.37M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 22, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Since January 31, 2018, it had 1 buying transaction, and 0 sales for $99,659 activity.

John G Ullman & Associates Inc, which manages about $1.08B and $512.87M US Long portfolio, decreased its stake in Flowserve Corp (NYSE:FLS) by 63,254 shares to 82,661 shares, valued at $3.52 million in 2017Q3, according to the filing.

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It is positive, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Advisory Ntwk Limited Liability Corporation holds 0.09% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 5,155 shares. Ariel Invs Llc, Illinois-based fund reported 46,964 shares. Columbia Asset invested in 25,255 shares or 1.13% of the stock. Mycio Wealth Limited Liability accumulated 6,236 shares. Carret Asset Mgmt Limited Liability holds 36,624 shares or 0.86% of its portfolio. Woodley Farra Manion Portfolio owns 0.52% invested in International Business Machines Corporation (NYSE:IBM) for 30,900 shares. Armstrong Henry H Assoc Inc owns 8,630 shares or 0.23% of their US portfolio. Ckw invested in 944 shares. Amp Cap Limited invested in 0.38% or 466,308 shares. Insight 2811 invested in 6,400 shares. Ironwood Counsel Llc owns 32,542 shares. Somerset Tru reported 6,955 shares. Dillon And Assocs has 1,600 shares for 0.09% of their portfolio. The Nebraska-based Ameritas Ptnrs has invested 0.18% in International Business Machines Corporation (NYSE:IBM). Raymond James And Associate invested 0.14% of its portfolio in International Business Machines Corporation (NYSE:IBM).

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, March 22 by Argus Research. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, June 27. The company was upgraded on Wednesday, January 17 by Barclays Capital. As per Wednesday, October 18, the company rating was maintained by BMO Capital Markets. The rating was maintained by Credit Suisse with “Underperform” on Wednesday, October 12. The stock has “Perform” rating by Oppenheimer on Tuesday, August 16. The stock has “Overweight” rating by Morgan Stanley on Thursday, February 18. Stifel Nicolaus maintained International Business Machines Corporation (NYSE:IBM) rating on Friday, January 19. Stifel Nicolaus has “Buy” rating and $182.0 target. The company was maintained on Thursday, October 5 by Stifel Nicolaus. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, September 22.

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) earned “Buy” rating by Needham on Thursday, October 20. The rating was maintained by Needham on Thursday, June 8 with “Buy”. The firm earned “Accumulate” rating on Monday, January 9 by Standpoint Research. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Friday, August 18 by SunTrust. As per Friday, August 12, the company rating was maintained by Morgan Stanley. Jefferies maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Wednesday, September 20. Jefferies has “Buy” rating and $160.0 target. Brean Capital maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Friday, January 29. Brean Capital has “Buy” rating and $96 target. M Partners maintained the shares of BABA in report on Wednesday, April 19 with “Buy” rating. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Friday, August 18 report. The rating was maintained by Suntrust Robinson with “Buy” on Friday, August 12.

Cubist Systematic Strategies Llc, which manages about $1.79B US Long portfolio, decreased its stake in Anixter Intl Inc (NYSE:AXE) by 4,328 shares to 7,475 shares, valued at $635,000 in 2017Q3, according to the filing. It also reduced its holding in Cnooc Ltd (NYSE:CEO) by 3,195 shares in the quarter, leaving it with 2,144 shares, and cut its stake in Kennametal Inc (NYSE:KMT).

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>