As Alibaba Group Holding (BABA) Share Price Rose, Northern Cross Has Cut by $73.76 Million Its Position; Valero Energy (VLO) Stock Value Declined While Investec Asset Management LTD Has Trimmed Position by $1.52 Million

February 20, 2018 - By Peter Mason

Northern Cross Llc decreased its stake in Alibaba Group Holding (BABA) by 6.21% based on its latest 2017Q3 regulatory filing with the SEC. Northern Cross Llc sold 428,830 shares as the company’s stock rose 22.58% with the market. The institutional investor held 6.48 million shares of the business services company at the end of 2017Q3, valued at $1.12B, down from 6.91 million at the end of the previous reported quarter. Northern Cross Llc who had been investing in Alibaba Group Holding for a number of months, seems to be less bullish one the $482.12 billion market cap company. The stock increased 2.30% or $4.22 during the last trading session, reaching $187.9. About 11.33 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 20, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Investec Asset Management Ltd decreased its stake in Valero Energy Corp (VLO) by 0.54% based on its latest 2017Q3 regulatory filing with the SEC. Investec Asset Management Ltd sold 19,983 shares as the company’s stock declined 2.47% while stock markets rallied. The institutional investor held 3.65 million shares of the integrated oil company at the end of 2017Q3, valued at $280.76M, down from 3.67 million at the end of the previous reported quarter. Investec Asset Management Ltd who had been investing in Valero Energy Corp for a number of months, seems to be less bullish one the $40.10 billion market cap company. The stock decreased 1.75% or $1.63 during the last trading session, reaching $91.64. About 1.52 million shares traded. Valero Energy Corporation (NYSE:VLO) has risen 15.29% since February 20, 2017 and is uptrending. It has underperformed by 1.41% the S&P500.

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 168 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Wednesday, August 23 by M Partners. The firm has “Buy” rating given on Friday, October 30 by M Partners. The rating was maintained by Daiwa Securities with “Buy” on Wednesday, September 28. The firm has “Buy” rating by Robert W. Baird given on Tuesday, October 17. Barclays Capital maintained the shares of BABA in report on Wednesday, August 2 with “Overweight” rating. Morgan Stanley maintained it with “Overweight” rating and $99.50 target in Saturday, August 29 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by M Partners on Wednesday, August 26. The rating was maintained by SunTrust on Thursday, November 2 with “Buy”. The firm has “Buy” rating by Suntrust Robinson given on Thursday, August 17. The rating was maintained by Tigress Financial with “Buy” on Thursday, November 30.

Since September 6, 2017, it had 0 insider buys, and 5 insider sales for $27.57 million activity. The insider Waters Stephen M sold 656 shares worth $49,764.

Investec Asset Management Ltd, which manages about $22.78B US Long portfolio, upped its stake in B2gold Corp (NYSEMKT:BTG) by 918,934 shares to 8.93M shares, valued at $24.56M in 2017Q3, according to the filing. It also increased its holding in Lockheed Martin Corp (NYSE:LMT) by 6,438 shares in the quarter, for a total of 44,554 shares, and has risen its stake in Hibbett Sports Inc (NASDAQ:HIBB).

Among 22 analysts covering Valero Energy Corporation (NYSE:VLO), 11 have Buy rating, 0 Sell and 11 Hold. Therefore 50% are positive. Valero Energy Corporation had 71 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Valero Energy Corporation (NYSE:VLO) has “Outperform” rating given on Tuesday, January 26 by Credit Suisse. The firm earned “Accumulate” rating on Friday, June 30 by Standpoint Research. The firm earned “Buy” rating on Wednesday, February 14 by Citigroup. Piper Jaffray maintained the shares of VLO in report on Sunday, January 21 with “Hold” rating. The firm earned “Buy” rating on Thursday, June 22 by Jefferies. The firm earned “Overweight” rating on Wednesday, February 1 by Barclays Capital. Jefferies initiated Valero Energy Corporation (NYSE:VLO) on Tuesday, August 23 with “Buy” rating. The firm has “Hold” rating by Jefferies given on Wednesday, January 24. UBS initiated the stock with “Neutral” rating in Thursday, May 19 report. The company was downgraded on Tuesday, May 30 by Morgan Stanley.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.19, from 1.19 in 2017Q2. It worsened, as 46 investors sold VLO shares while 310 reduced holdings. 97 funds opened positions while 258 raised stakes. 342.98 million shares or 0.60% less from 345.06 million shares in 2017Q2 were reported. Riverpoint Cap Mngmt Llc invested 0.01% in Valero Energy Corporation (NYSE:VLO). San Francisco Sentry Invest Gp (Ca) holds 1,447 shares or 0.04% of its portfolio. Paloma Mngmt reported 19,931 shares. The Florida-based Dreman Value L L C has invested 0.71% in Valero Energy Corporation (NYSE:VLO). California Employees Retirement owns 0.16% invested in Valero Energy Corporation (NYSE:VLO) for 1.40M shares. 1,433 were reported by Benjamin F Edwards And. Retail Bank Of America Corporation De reported 5.19M shares stake. Boothbay Fund Lc invested in 0.12% or 9,349 shares. Provise Mgmt Gp Limited Liability Company holds 0.53% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 47,200 shares. Nikko Asset Mgmt Americas holds 0.33% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 87,600 shares. Groesbeck Management Corporation Nj, a New Jersey-based fund reported 3,100 shares. Canada Pension Plan Invest Board accumulated 447,624 shares or 0.07% of the stock. 210,709 are owned by Fifth Third Bancshares. 53,306 are held by Blue Chip Prns Incorporated. Annex Advisory Ltd has 17,051 shares for 0.27% of their portfolio.

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By1 Peter Mason

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