Lockheed Martin Investment Management Company Trimmed Goldman Sachs Group (GS) Stake by $2.37 Million; Market Valuation Declined; Altimeter Capital Management LP Raised Holding in Alibaba Group Holding LTD (BABA) as Stock Value Rose

February 19, 2018 - By Adrian Mccoy

Brad Gerstner increased its stake in Alibaba Group Holding Ltd (BABA) by 24.08% based on its latest 2017Q3 regulatory filing with the SEC. Altimeter Capital Management Lp bought 6,200 shares as the company’s stock rose 22.58% with the market. The hedge fund run by Brad Gerstner held 31,950 shares of the business services company at the end of 2017Q3, valued at $5.52 million, up from 25,750 at the end of the previous reported quarter. Altimeter Capital Management Lp who had been investing in Alibaba Group Holding Ltd for a number of months, seems to be bullish on 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.

Lockheed Martin Investment Management Company decreased its stake in Goldman Sachs Group (GS) by 57.14% based on its latest 2017Q3 regulatory filing with the SEC. Lockheed Martin Investment Management Company sold 10,000 shares as the company’s stock declined 13.97% while stock markets rallied. The institutional investor held 7,500 shares of the finance company at the end of 2017Q3, valued at $1.78M, down from 17,500 at the end of the previous reported quarter. Lockheed Martin Investment Management Company who had been investing in Goldman Sachs Group for a number of months, seems to be less bullish one the $100.95 billion market cap company. The stock decreased 0.02% or $0.06 during the last trading session, reaching $267.62. About 2.60M shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since February 19, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.33, from 1.08 in 2017Q2. It turned negative, as 63 investors sold GS shares while 427 reduced holdings. 82 funds opened positions while 285 raised stakes. 271.74 million shares or 2.47% less from 278.62 million shares in 2017Q2 were reported. Comml Bank Of Hawaii holds 0.02% or 956 shares. Moreover, Independent Inc has 0.42% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Edgar Lomax Co Va holds 0.72% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS) for 42,964 shares. Swift Run Capital Management Lc holds 32,259 shares. Rafferty Asset Management Limited Liability holds 61,423 shares or 0.33% of its portfolio. The Maryland-based Columbia L L C Investment Mgmt has invested 0.43% in The Goldman Sachs Group, Inc. (NYSE:GS). Riverpoint Mngmt Limited Liability Corporation holds 853 shares. King Luther Cap holds 1,792 shares. Atwood & Palmer owns 100 shares for 0% of their portfolio. Northeast Invest Mgmt reported 1.38% stake. Teachers Retirement Sys Of The State Of Kentucky accumulated 0.23% or 82,064 shares. Sawgrass Asset Limited Liability Com holds 11,326 shares or 0.13% of its portfolio. Dekabank Deutsche Girozentrale accumulated 0.16% or 88,346 shares. South Dakota Council reported 0.53% stake. Illinois-based Dearborn Limited Liability Co has invested 0.02% in The Goldman Sachs Group, Inc. (NYSE:GS).

Since October 18, 2017, it had 0 insider buys, and 8 sales for $28.24 million activity. SCHWARTZ HARVEY M sold 25,000 shares worth $6.13M. On Thursday, February 1 SALAME PABLO J sold $2.70 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) or 10,000 shares. 11,829 shares were sold by CHAVEZ R. MARTIN, worth $3.07M. GNODDE RICHARD J sold $1.19 million worth of stock or 4,951 shares. SOLOMON DAVID M also sold $5.77 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) shares.

Lockheed Martin Investment Management Company, which manages about $1.89B US Long portfolio, upped its stake in Spdr (SPY) by 142,355 shares to 242,155 shares, valued at $60.84 million in 2017Q3, according to the filing. It also increased its holding in Netease Inc (Adr) (NASDAQ:NTES) by 4,343 shares in the quarter, for a total of 6,127 shares, and has risen its stake in Real Estat.

Among 30 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Goldman Sachs Group Inc. had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by UBS on Friday, October 16 with “Neutral”. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Hold” rating by BMO Capital Markets on Tuesday, October 17. The stock has “Buy” rating by Bank of America on Wednesday, September 9. Citigroup upgraded the shares of GS in report on Monday, October 12 to “Buy” rating. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Sell” rating by Berenberg on Friday, February 24. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 17. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Outperform” rating given on Tuesday, November 29 by Keefe Bruyette & Woods. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Sector Perform” rating given on Wednesday, July 20 by RBC Capital Markets. The rating was maintained by Citigroup on Monday, October 9 with “Neutral”. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21.

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