Hitchwood Capital Management LP Maintains Position in Jd Com (JD); First American Bank Boosted Its Stake in Wal (WMT) by $453,960 as Stock Value Rose

February 22, 2018 - By Lawrence Diaz

First American Bank increased its stake in Wal (WMT) by 11.36% based on its latest 2017Q3 regulatory filing with the SEC. First American Bank bought 5,820 shares as the company’s stock rose 13.55% with the market. The institutional investor held 57,044 shares of the consumer services company at the end of 2017Q3, valued at $4.46 million, up from 51,224 at the end of the previous reported quarter. First American Bank who had been investing in Wal for a number of months, seems to be bullish on the $275.35B market cap company. The stock increased 1.56% or $1.43 during the last trading session, reaching $92.95. About 17.03 million shares traded or 66.58% up from the average. Walmart Inc. (NYSE:WMT) has risen 13.83% since February 22, 2017 and is uptrending. It has underperformed by 2.87% the S&P500.

Hitchwood Capital Management Lp increased its stake in Jd Com Inc (JD) by 10% based on its latest 2017Q3 regulatory filing with the SEC. Hitchwood Capital Management Lp bought 200,000 shares as the company’s stock rose 37.55% with the market. The institutional investor held 2.20M shares of the consumer services company at the end of 2017Q3, valued at $84.04 million, up from 2.00M at the end of the previous reported quarter. Hitchwood Capital Management Lp who had been investing in Jd Com Inc for a number of months, seems to be bullish on the $68.04 billion market cap company. The stock increased 1.31% or $0.62 during the last trading session, reaching $47.78. About 8.17 million shares traded. JD.com, Inc. (NASDAQ:JD) has risen 77.67% since February 22, 2017 and is uptrending. It has outperformed by 60.97% the S&P500.

Among 21 analysts covering JD.com (NASDAQ:JD), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. JD.com had 45 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of JD.com, Inc. (NASDAQ:JD) has “Buy” rating given on Thursday, August 11 by Jefferies. The stock of JD.com, Inc. (NASDAQ:JD) earned “Neutral” rating by M Partners on Tuesday, September 20. The rating was maintained by Jefferies with “Buy” on Tuesday, August 22. Stifel Nicolaus maintained the shares of JD in report on Tuesday, January 16 with “Buy” rating. As per Monday, November 13, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by KeyBanc Capital Markets on Thursday, October 19 with “Buy”. Morgan Stanley upgraded the shares of JD in report on Thursday, December 17 to “Overweight” rating. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, November 14. The company was initiated on Friday, November 6 by Goldman Sachs. Nomura upgraded JD.com, Inc. (NASDAQ:JD) rating on Friday, January 22. Nomura has “Buy” rating and $35 target.

Hitchwood Capital Management Lp, which manages about $657.83 million and $2.34B US Long portfolio, decreased its stake in Mohawk Inds Inc (NYSE:MHK) by 235,000 shares to 415,000 shares, valued at $102.72 million in 2017Q3, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 100,000 shares in the quarter, leaving it with 1.10M shares, and cut its stake in Visa Inc (NYSE:V).

Investors sentiment is 1.02 in Q3 2017. Its the same as in 2017Q2. It is flat, as 62 investors sold WMT shares while 508 reduced holdings. only 113 funds opened positions while 468 raised stakes. 881.34 million shares or 0.46% more from 877.29 million shares in 2017Q2 were reported. Kayne Anderson Rudnick stated it has 10,513 shares. Adage Capital Group Incorporated Lc, a Massachusetts-based fund reported 2.10 million shares. The Quebec – Canada-based Letko Brosseau Associates has invested 1.15% in Walmart Inc. (NYSE:WMT). Denver Invest Limited reported 43,765 shares or 0.17% of all its holdings. Kj Harrison And Prtn has invested 0.13% in Walmart Inc. (NYSE:WMT). At Bancshares stated it has 11,580 shares. Northpointe Cap Ltd accumulated 0.42% or 50,736 shares. Duff And Phelps Inv Management reported 0.02% stake. Cwm Limited Liability Company, Nebraska-based fund reported 367,865 shares. Courage Management Ltd Limited Liability Company accumulated 5,550 shares or 0.29% of the stock. Ohio-based Budros Ruhlin Roe has invested 0.41% in Walmart Inc. (NYSE:WMT). Northwestern Mutual Wealth Mngmt holds 0.06% or 108,898 shares. Columbia Ptnrs L L C Mgmt holds 3,448 shares. Toth Fin Advisory Corp accumulated 45,644 shares. 58,616 were reported by Sumitomo Life.

First American Bank, which manages about $1.32 billion US Long portfolio, decreased its stake in Mohawk Industries (NYSE:MHK) by 3,313 shares to 1,219 shares, valued at $302,000 in 2017Q3, according to the filing. It also reduced its holding in Pioneer Natural Resources (NYSE:PXD) by 6,439 shares in the quarter, leaving it with 17,740 shares, and cut its stake in Franklin.

Since August 23, 2017, it had 0 insider purchases, and 12 selling transactions for $1.37 billion activity. 1.65 million shares were sold by WALTON JIM C, worth $131.11 million on Tuesday, September 5. $125,299 worth of Walmart Inc. (NYSE:WMT) shares were sold by Canney Jacqueline P. Shares for $166.15M were sold by WALTON ALICE L. Gearhart Jeffrey J sold $727,698 worth of stock or 9,216 shares.

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