Mckinley Capital Management Has Cut Its Holding in Credicorp LTD Co (BAP) by $4.07 Million; Newport Asia Position in Alibaba Group Holding (BABA) Has Boosted by $2.67 Million as Market Valuation Rose

February 18, 2018 - By Winifred Garcia

Newport Asia Llc increased its stake in Alibaba Group Holding (BABA) by 1.37% based on its latest 2017Q3 regulatory filing with the SEC. Newport Asia Llc bought 15,500 shares as the company’s stock rose 22.58% with the market. The institutional investor held 1.14 million shares of the business services company at the end of 2017Q3, valued at $197.55 million, up from 1.13 million at the end of the previous reported quarter. Newport Asia Llc who had been investing in Alibaba Group Holding 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 18, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Robert B. Gillam decreased its stake in Credicorp Ltd Co (BAP) by 9.33% based on its latest 2017Q3 regulatory filing with the SEC. Mckinley Capital Management Inc sold 19,868 shares as the company’s stock rose 3.78% with the market. The hedge fund run by Robert B. Gillam held 192,987 shares of the commercial banks company at the end of 2017Q3, valued at $39.57 million, down from 212,855 at the end of the previous reported quarter. Mckinley Capital Management Inc who had been investing in Credicorp Ltd Co for a number of months, seems to be less bullish one the $17.41 billion market cap company. The stock decreased 1.92% or $4.28 during the last trading session, reaching $218.22. About 183,638 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 23.51% since February 18, 2017 and is uptrending. It has outperformed by 6.81% the S&P500.

Mckinley Capital Management Inc, which manages about $8.13 billion and $2.45B US Long portfolio, upped its stake in Tcg Bdc Inc Co by 63,167 shares to 63,459 shares, valued at $1.19 million in 2017Q3, according to the filing. It also increased its holding in Mks Instrument Inc Co (NASDAQ:MKSI) by 40,005 shares in the quarter, for a total of 43,480 shares, and has risen its stake in Brooks Automation Inc Co (NASDAQ:BRKS).

Among 9 analysts covering Credicorp LTD (NYSE:BAP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Credicorp LTD had 12 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, September 21. HSBC downgraded Credicorp Ltd. (NYSE:BAP) on Monday, November 13 to “Hold” rating. The stock of Credicorp Ltd. (NYSE:BAP) has “Overweight” rating given on Friday, September 11 by Morgan Stanley. UBS maintained Credicorp Ltd. (NYSE:BAP) rating on Tuesday, August 15. UBS has “Buy” rating and $21900 target. The rating was downgraded by Santander to “Hold” on Thursday, March 24. On Friday, September 29 the stock rating was downgraded by Citigroup to “Neutral”. Barclays Capital maintained it with “Overweight” rating and $149 target in Tuesday, March 15 report. Scotia Capital initiated the stock with “Outperform” rating in Tuesday, March 15 report. JP Morgan maintained the stock with “Overweight” rating in Thursday, August 11 report.

Newport Asia Llc, which manages about $2.47 billion and $674.45 million US Long portfolio, decreased its stake in Netease Inc (NASDAQ:NTES) by 9,200 shares to 194,500 shares, valued at $51.31M in 2017Q3, according to the filing.

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. Jefferies maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, July 13. Jefferies has “Buy” rating and $16000 target. The firm has “Buy” rating given on Thursday, September 22 by Stifel Nicolaus. The company was maintained on Tuesday, August 15 by Stifel Nicolaus. The firm earned “Overweight” rating on Monday, January 25 by Morgan Stanley. Barclays Capital maintained the shares of BABA in report on Monday, August 21 with “Overweight” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Needham on Tuesday, May 9. The stock has “Overweight” rating by JP Morgan on Tuesday, June 27. RBC Capital Markets maintained it with “Buy” rating and $16000 target in Monday, August 14 report. China Renaissance Securities (US) Inc. maintained the shares of BABA in report on Thursday, January 25 with “Buy” rating. As per Thursday, January 21, the company rating was upgraded by Standpoint Research.

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By1 Winifred Garcia

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