Platinum Investment Management LTD Stake in Alibaba Group Hldg LTD (BABA) Raised by $65.61 Million as Stock Value Rose; Goodman Financial Holding in Kimco Rlty Com (KIM) Has Increased as Valuation Declined

February 15, 2018 - By Migdalia James

Goodman Financial Corp increased its stake in Kimco Rlty Corp Com (KIM) by 10.45% based on its latest 2017Q3 regulatory filing with the SEC. Goodman Financial Corp bought 23,010 shares as the company’s stock declined 23.76% while stock markets rallied. The institutional investor held 243,140 shares of the real estate investment trusts company at the end of 2017Q3, valued at $4.75 million, up from 220,130 at the end of the previous reported quarter. Goodman Financial Corp who had been investing in Kimco Rlty Corp Com for a number of months, seems to be bullish on the $6.36B market cap company. The stock increased 4.84% or $0.69 during the last trading session, reaching $14.95. About 2.12M shares traded. Kimco Realty Corporation (NYSE:KIM) has declined 31.73% since February 15, 2017 and is downtrending. It has underperformed by 48.43% the S&P500.

Kerr Neilson increased its stake in Alibaba Group Hldg Ltd (BABA) by 18.83% based on its latest 2017Q3 regulatory filing with the SEC. Platinum Investment Management Ltd bought 381,453 shares as the company’s stock rose 22.58% with the market. The hedge fund run by Kerr Neilson held 2.41 million shares of the business services company at the end of 2017Q3, valued at $415.72M, up from 2.03M at the end of the previous reported quarter. Platinum Investment Management Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $477.63B market cap company. The stock decreased 0.33% or $0.61 during the last trading session, reaching $186.15. About 6.66M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 15, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.06, from 1.19 in 2017Q2. It is positive, as 37 investors sold KIM shares while 107 reduced holdings. 61 funds opened positions while 119 raised stakes. 385.41 million shares or 3.38% more from 372.80 million shares in 2017Q2 were reported. Royal Natl Bank Of Canada invested in 197,321 shares or 0% of the stock. Sumitomo Mitsui Asset Management Co Limited has invested 0.2% of its portfolio in Kimco Realty Corporation (NYSE:KIM). Round Table Serv Limited has 0.08% invested in Kimco Realty Corporation (NYSE:KIM) for 11,620 shares. Century Companies Incorporated holds 0.04% or 2.27 million shares. Rafferty Asset Mngmt Lc accumulated 0.03% or 68,970 shares. Moreover, California State Teachers Retirement Systems has 0.03% invested in Kimco Realty Corporation (NYSE:KIM) for 749,618 shares. Pacad Inv owns 1,400 shares. Chesapeake Asset Limited Liability Co holds 0.45% or 25,760 shares. Moreover, Brown Advisory Inc has 0% invested in Kimco Realty Corporation (NYSE:KIM). Carnegie Asset Mngmt Limited Liability Corporation reported 10,180 shares. Amalgamated Bancorporation reported 47,530 shares or 0.03% of all its holdings. Forward Management Ltd Llc has invested 0.09% in Kimco Realty Corporation (NYSE:KIM). Pnc Financial Svcs Grp Inc accumulated 0% or 79,078 shares. Teacher Retirement Sys Of Texas owns 380,532 shares. Commonwealth Equity Service holds 0.01% or 65,440 shares.

Among 19 analysts covering Kimco Realty (NYSE:KIM), 5 have Buy rating, 0 Sell and 14 Hold. Therefore 26% are positive. Kimco Realty had 47 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 30 report. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, February 1. The stock has “Hold” rating by Boenning & Scattergood on Friday, July 28. The firm has “Buy” rating given on Wednesday, December 16 by Argus Research. The firm earned “Hold” rating on Monday, January 22 by SunTrust. The company was upgraded on Friday, November 25 by Argus Research. Citigroup maintained the shares of KIM in report on Monday, August 14 with “Neutral” rating. The stock of Kimco Realty Corporation (NYSE:KIM) has “Hold” rating given on Friday, December 1 by Stifel Nicolaus. Sandler O’Neill maintained it with “Hold” rating and $16.0 target in Friday, February 2 report. The company was downgraded on Tuesday, November 29 by Goldman Sachs.

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. Wedbush downgraded the shares of BABA in report on Wednesday, August 12 to “Neutral” rating. The stock has “Buy” rating by Jefferies on Friday, February 2. The firm earned “Overweight” rating on Wednesday, October 28 by Morgan Stanley. The rating was maintained by China Renaissance Securities (US) Inc. with “Buy” on Thursday, January 25. As per Monday, January 9, the company rating was upgraded by Standpoint Research. The firm earned “Buy” rating on Thursday, November 3 by Jefferies. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Raymond James on Friday, February 2. The rating was maintained by Deutsche Bank on Friday, August 12 with “Buy”. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Axiom Capital on Thursday, August 13. Robert W. Baird maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Friday, October 27. Robert W. Baird has “Buy” rating and $190.0 target.

Platinum Investment Management Ltd, which manages about $22.00 billion and $3.96B US Long portfolio, decreased its stake in Cisco Sys Inc (NASDAQ:CSCO) by 1.53 million shares to 35,700 shares, valued at $1.20M in 2017Q3, according to the filing. It also reduced its holding in 58 Com Inc (NYSE:WUBA) by 611,060 shares in the quarter, leaving it with 3.82 million shares, and cut its stake in Callaway Golf Co (NYSE:ELY).

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By1 Migdalia James

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