Alibaba Group Hldg LTD (BABA) Valuation Rose While Soros Fund Management Has Increased Its Holding; Carret Asset Management Increased Its Holding in Qualcomm (QCOM) as Shares Rose

December 8, 2017 - By Nellie Frank

Carret Asset Management Llc increased its stake in Qualcomm Inc (QCOM) by 10.45% based on its latest 2017Q2 regulatory filing with the SEC. Carret Asset Management Llc bought 5,997 shares as the company’s stock rose 2.14% with the market. The institutional investor held 63,394 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q2, valued at $3.50M, up from 57,397 at the end of the previous reported quarter. Carret Asset Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $96.16 billion market cap company. The stock increased 0.38% or $0.25 during the last trading session, reaching $65.23. About 8.75 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since December 8, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.

George Soros increased its stake in Alibaba Group Hldg Ltd (BABA) by 79.48% based on its latest 2017Q2 regulatory filing with the SEC. Soros Fund Management Llc bought 85,200 shares as the company’s stock rose 22.58% with the market. The hedge fund run by George Soros held 192,400 shares of the business services company at the end of 2017Q2, valued at $27.11M, up from 107,200 at the end of the previous reported quarter. Soros Fund Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $447.66 billion market cap company. The stock increased 1.07% or $1.84 during the last trading session, reaching $174.47. About 15.70M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since December 8, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 1 Sell and 20 Hold. Therefore 42% are positive. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. JP Morgan upgraded the shares of QCOM in report on Thursday, December 17 to “Overweight” rating. On Thursday, November 2 the stock rating was maintained by Northland Capital with “Buy”. The rating was maintained by Northland Capital with “Hold” on Tuesday, August 1. Cowen & Co maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, December 16 with “Outperform” rating. The rating was maintained by Northland Capital on Thursday, November 5 with “Market Perform”. The firm has “Hold” rating by Raymond James given on Thursday, July 20. Wells Fargo downgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Monday, November 6 to “Hold” rating. On Friday, September 30 the stock rating was maintained by Cowen & Co with “Outperform”. Topeka Capital Markets maintained it with “Hold” rating and $52 target in Wednesday, December 16 report. On Monday, November 9 the stock rating was downgraded by Nomura to “Neutral”.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Bloomberg.com which released: “Broadcom Delays Higher Qualcomm Bid Until Next Year” on November 30, 2017, also Reuters.com with their article: “Broadcom launches 11-nominee slate for Qualcomm board” published on December 04, 2017, Reuters.com published: “BlackBerry, Qualcomm expand partnership to connected automotive” on December 07, 2017. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Fool.com and their article: “Better Buy: Qualcomm Inc vs. Texas Instruments” published on November 27, 2017 as well as Reuters.com‘s news article titled: “Qualcomm files new patent infringement complaints against Apple” with publication date: November 30, 2017.

Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.05, from 1.03 in 2017Q1. It worsened, as 89 investors sold QCOM shares while 481 reduced holdings. 107 funds opened positions while 451 raised stakes. 1.11 billion shares or 0.00% more from 1.11 billion shares in 2017Q1 were reported. 42,800 are owned by First Quadrant Limited Partnership Ca. Comerica National Bank & Trust has invested 0.17% in QUALCOMM Incorporated (NASDAQ:QCOM). Pnc Grp Inc invested in 1.88M shares or 0.11% of the stock. Axa stated it has 3.56M shares or 0.89% of all its holdings. Wendell David Assocs Inc has invested 0.54% in QUALCOMM Incorporated (NASDAQ:QCOM). Baldwin Invest Mgmt owns 16,683 shares or 0.37% of their US portfolio. Bridges Mngmt Inc invested 0.58% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). 88,344 were reported by Union National Bank & Trust. Sva Plumb Wealth Management Limited Liability holds 130,668 shares. Convergence Investment Prtn owns 0.23% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 28,420 shares. Moreover, Founders Securities Ltd Liability Corp has 0.35% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Eidelman Virant holds 0.03% or 1,000 shares. Ims stated it has 1.64% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Mirae Asset Glob Ltd invested in 143,590 shares or 0.14% of the stock. Kanawha Capital Management Limited Com holds 0.58% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 67,114 shares.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Seekingalpha.com which released: “Believe In Alibaba” on December 07, 2017, also Investorplace.com with their article: “Omnichannel Retail Holds the Key to Alibaba Group Holding Ltd Stock” published on November 27, 2017, Investorplace.com published: “Alibaba Group Holding Ltd Is Getting Grilled — What You Need to Know” on November 29, 2017. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Reuters.com and their article: “Alibaba, Ford to cooperate in search for new retail opportunities” published on December 07, 2017 as well as Seekingalpha.com‘s news article titled: “Amazon, Alibaba Renew Battle In A New Geography” with publication date: December 02, 2017.

Among 37 analysts covering Alibaba (NYSE:BABA), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba has $225.0 highest and $75 lowest target. $156.58’s average target is -10.25% below currents $174.47 stock price. Alibaba had 156 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, August 12 by Jefferies. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Neutral” rating by Wedbush on Wednesday, August 12. Needham maintained the shares of BABA in report on Thursday, September 28 with “Buy” rating. The rating was maintained by TH Capital with “Hold” on Friday, August 14. The rating was maintained by Oppenheimer on Tuesday, August 22 with “Buy”. Morgan Stanley maintained the shares of BABA in report on Friday, August 12 with “Overweight” rating. Deutsche Bank maintained it with “Buy” rating and $91 target in Thursday, March 24 report. The company was maintained on Tuesday, June 27 by JP Morgan. The stock has “Buy” rating by Needham on Tuesday, May 9. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Outperform” rating given on Wednesday, October 28 by Oppenheimer.

Soros Fund Management Llc, which manages about $5.62 billion US Long portfolio, decreased its stake in Take (NASDAQ:TTWO) by 248,800 shares to 211,300 shares, valued at $15.51M in 2017Q2, according to the filing. It also reduced its holding in Airgain Inc by 107,561 shares in the quarter, leaving it with 209,105 shares, and cut its stake in Snap Inc.

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