Alibaba Group Holding Limited (BABA) Shareholder Firsthand Capital Management Has Lowered Its Holding by $860,000 as Valuation Rose; As Viasat (VSAT) Market Valuation Declined, Fpr Partners Has Increased by $113.07 Million Its Holding

April 22, 2018 - By Linda Rogers

Viasat, Inc. (NASDAQ:VSAT) Logo

Firsthand Capital Management Inc decreased its stake in Alibaba Group Holding Limited (BABA) by 12.5% based on its latest 2017Q4 regulatory filing with the SEC. Firsthand Capital Management Inc sold 5,000 shares as the company’s stock rose 3.18% while stock markets declined. The institutional investor held 35,000 shares of the business services company at the end of 2017Q4, valued at $6.04 million, down from 40,000 at the end of the previous reported quarter. Firsthand Capital Management Inc who had been investing in Alibaba Group Holding Limited for a number of months, seems to be less bullish one the $460.22 billion market cap company. The stock decreased 1.26% or $2.28 during the last trading session, reaching $179.11. About 14.47M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 22, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Bob Peck increased its stake in Viasat Inc (VSAT) by 37.45% based on its latest 2017Q4 regulatory filing with the SEC. Fpr Partners Llc bought 1.53 million shares as the company’s stock declined 6.64% with the market. The hedge fund run by Bob Peck held 5.61M shares of the technology company at the end of 2017Q4, valued at $419.75 million, up from 4.08 million at the end of the previous reported quarter. Fpr Partners Llc who had been investing in Viasat Inc for a number of months, seems to be bullish on the $3.81B market cap company. The stock decreased 0.32% or $0.21 during the last trading session, reaching $64.67. About 225,945 shares traded. Viasat, Inc. (NASDAQ:VSAT) has risen 8.04% since April 22, 2017 and is uptrending. It has underperformed by 3.51% the S&P500.

Since March 1, 2018, it had 0 insider buys, and 6 selling transactions for $655,324 activity. 2,000 shares were sold by NASH JEFFREY M, worth $127,298. Shares for $129,834 were sold by Lippert Keven K. Peterman Ken Allen also sold $158,142 worth of Viasat, Inc. (NASDAQ:VSAT) shares.

Investors sentiment decreased to 1.38 in Q4 2017. Its down 0.05, from 1.43 in 2017Q3. It dived, as 16 investors sold VSAT shares while 53 reduced holdings. 37 funds opened positions while 58 raised stakes. 61.56 million shares or 4.84% more from 58.72 million shares in 2017Q3 were reported. Principal Fincl Group Inc, Iowa-based fund reported 228,984 shares. The Massachusetts-based Rhumbline Advisers has invested 0.02% in Viasat, Inc. (NASDAQ:VSAT). 10,040 are owned by Teachers Retirement Systems Of The State Of Kentucky. Voya Inv Mngmt Limited invested in 0% or 23,802 shares. Hsbc Public Limited Company owns 3,300 shares for 0% of their portfolio. Citigroup accumulated 488 shares or 0% of the stock. Mutual Of America Capital Mngmt Limited Company reported 110,336 shares stake. Liberty Mutual Gp Asset reported 13,696 shares. Cohen Klingenstein Limited Liability Corp stated it has 13,948 shares. Employees Retirement Association Of Colorado has 0% invested in Viasat, Inc. (NASDAQ:VSAT). Moreover, Parametrica Management Ltd has 0.21% invested in Viasat, Inc. (NASDAQ:VSAT). Dimensional Fund LP reported 759,428 shares stake. Vnbtrust National Association invested in 142,295 shares or 6.21% of the stock. Ashford Mgmt Inc owns 3.1% invested in Viasat, Inc. (NASDAQ:VSAT) for 266,502 shares. Arizona State Retirement Sys invested 0.03% in Viasat, Inc. (NASDAQ:VSAT).

Fpr Partners Llc, which manages about $3.41B and $4.66B US Long portfolio, decreased its stake in Wabco Hldgs Inc (NYSE:WBC) by 276,693 shares to 1.42 million shares, valued at $204.07M in 2017Q4, according to the filing. It also reduced its holding in Liberty Broadband Corp by 27,719 shares in the quarter, leaving it with 1.29 million shares, and cut its stake in Arch Cap Group Ltd (NASDAQ:ACGL).

Among 13 analysts covering ViaSat (NASDAQ:VSAT), 5 have Buy rating, 4 Sell and 4 Hold. Therefore 38% are positive. ViaSat had 24 analyst reports since October 13, 2015 according to SRatingsIntel. The stock of Viasat, Inc. (NASDAQ:VSAT) has “Hold” rating given on Friday, June 2 by Wunderlich. Wunderlich maintained it with “Sell” rating and $58 target in Wednesday, November 9 report. The firm has “Hold” rating by Jefferies given on Friday, September 8. The rating was maintained by RBC Capital Markets with “Sell” on Thursday, October 5. Barclays Capital downgraded the shares of VSAT in report on Thursday, March 29 to “Sell” rating. The firm has “Sell” rating given on Friday, May 26 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, August 3 by Jefferies. As per Monday, May 23, the company rating was downgraded by Drexel Hamilton. The firm has “Sell” rating by RBC Capital Markets given on Tuesday, November 21. The stock of Viasat, Inc. (NASDAQ:VSAT) has “Buy” rating given on Friday, November 10 by Needham.

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 171 analyst reports since August 12, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Alibaba Group Holding Limited (NYSE:BABA) on Friday, February 2 with “Buy” rating. TH Capital maintained the stock with “Hold” rating in Friday, August 14 report. Needham initiated Alibaba Group Holding Limited (NYSE:BABA) rating on Friday, April 15. Needham has “Buy” rating and $95 target. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Thursday, October 20 by Needham. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, August 2. The stock has “Buy” rating by Axiom Capital on Wednesday, October 28. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Outperform” rating given on Friday, August 18 by RBC Capital Markets. UBS maintained it with “Buy” rating and $101.0 target in Friday, August 14 report. The rating was downgraded by Standpoint Research to “Reduce” on Thursday, April 20. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Thursday, January 25 by KeyBanc Capital Markets.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 4 before the open. They expect $0.71 EPS, up 82.05% or $0.32 from last year’s $0.39 per share. BABA’s profit will be $1.82B for 63.07 P/E if the $0.71 EPS becomes a reality. After $1.34 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts -47.01% negative EPS growth.

Viasat, Inc. (NASDAQ:VSAT) Institutional Positions Chart

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