As Alibaba Group Hldg LTD (BABA) Market Value Rose, Kemnay Advisory Services Has Lowered Its Position by $404,200; As Irsa Inversiones Y Rep S A (IRS) Share Value Declined, Serengeti Asset Management LP Increased Its Position by $2.18 Million

May 20, 2018 - By reb123z

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Logo

Kemnay Advisory Services Inc decreased its stake in Alibaba Group Hldg Ltd (BABA) by 2.94% based on its latest 2017Q4 regulatory filing with the SEC. Kemnay Advisory Services Inc sold 2,350 shares as the company’s stock rose 3.18% while stock markets declined. The institutional investor held 77,645 shares of the business services company at the end of 2017Q4, valued at $13.39 million, down from 79,995 at the end of the previous reported quarter. Kemnay Advisory Services Inc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $501.05B market cap company. The stock decreased 0.52% or $1.02 during the last trading session, reaching $195. About 14.24 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 20, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Jody Lanasa increased its stake in Irsa Inversiones Y Rep S A (IRS) by 8.11% based on its latest 2017Q4 regulatory filing with the SEC. Serengeti Asset Management Lp bought 75,000 shares as the company’s stock declined 19.42% with the market. The hedge fund run by Jody Lanasa held 1.00 million shares of the homebuilding company at the end of 2017Q4, valued at $29.60 million, up from 925,000 at the end of the previous reported quarter. Serengeti Asset Management Lp who had been investing in Irsa Inversiones Y Rep S A for a number of months, seems to be bullish on the $1.23 billion market cap company. The stock decreased 2.30% or $0.48 during the last trading session, reaching $20.43. About 28,702 shares traded. IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) has declined 2.74% since May 20, 2017 and is downtrending. It has underperformed by 14.29% the S&P500.

Among 2 analysts covering IRSA Inversiones (NYSE:IRS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. IRSA Inversiones had 5 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Thursday, July 21 by Morgan Stanley. Morgan Stanley downgraded the shares of IRS in report on Thursday, February 8 to “Hold” rating. Morgan Stanley upgraded IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) on Wednesday, November 23 to “Overweight” rating. Morgan Stanley downgraded IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) on Tuesday, August 11 to “Overweight” rating. Zacks upgraded IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) on Monday, September 7 to “Hold” rating.

Serengeti Asset Management Lp, which manages about $2.16 billion and $511.19 million US Long portfolio, decreased its stake in Pampa Energia S A (NYSE:PAM) by 190,000 shares to 125,000 shares, valued at $8.41M in 2017Q4, according to the filing. It also reduced its holding in Herbalife Ltd (Prn) by 2.00M shares in the quarter, leaving it with 32.00 million shares, and cut its stake in Kkr & Co LP Del (NYSE:KKR).

More news for IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) were recently published by: Prnewswire.com, which released: “IRSA Inversiones y Representaciones SA Announces Results for the third quarter of FY 2018 Ended March 31, 2018” on May 10, 2018. Seekingalpha.com‘s article titled: “The Pips Are Squeaking” and published on May 16, 2018 is yet another important article.

Kemnay Advisory Services Inc, which manages about $223.28 million US Long portfolio, upped its stake in Charter Communications Inc N by 3,016 shares to 23,407 shares, valued at $7.86M in 2017Q4, according to the filing. It also increased its holding in Altaba Inc by 70,022 shares in the quarter, for a total of 101,522 shares, and has risen its stake in Jpmorgan Chase & Co (NYSE:JPM).

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Finance.Yahoo.com which released: “Why You Should Buy Alibaba (BABA) Stock” on May 11, 2018, also Streetinsider.com with their article: “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” published on May 15, 2018, Profitconfidential.com published: “BABA Stock: 3 Takeaways from Alibaba Q4 Earnings Report” on May 04, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Seekingalpha.com and their article: “CNBC: Ant Financial nearing $10B equity raise; BABA +1.3%” published on May 10, 2018 as well as Benzinga.com‘s news article titled: “What Is Intermarket Analysis?” with publication date: May 14, 2018.

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