Carret Asset Management Lifted Its Alibaba Group Hlding (BABA) Stake by $897,840; Cramer Rosenthal Mcglynn Has Decreased Its Vonage Holdings (VG) Holding by $19.15 Million as Share Price Rose

February 19, 2018 - By Richard Conner

Carret Asset Management Llc increased its stake in Alibaba Group Hlding (BABA) by 72.06% based on its latest 2017Q3 regulatory filing with the SEC. Carret Asset Management Llc bought 5,220 shares as the company’s stock rose 22.58% with the market. The institutional investor held 12,464 shares of the business services company at the end of 2017Q3, valued at $2.15 million, up from 7,244 at the end of the previous reported quarter. Carret Asset Management Llc who had been investing in Alibaba Group Hlding 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 16.11 million 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.

Cramer Rosenthal Mcglynn Llc decreased its stake in Vonage Holdings Corp (VG) by 31.51% based on its latest 2017Q3 regulatory filing with the SEC. Cramer Rosenthal Mcglynn Llc sold 2.39M shares as the company’s stock rose 4.20% with the market. The institutional investor held 5.20M shares of the telecommunications equipment company at the end of 2017Q3, valued at $42.35M, down from 7.60M at the end of the previous reported quarter. Cramer Rosenthal Mcglynn Llc who had been investing in Vonage Holdings Corp for a number of months, seems to be less bullish one the $2.56B market cap company. It closed at $11.19 lastly. It is down 55.05% since February 19, 2017 and is uptrending. It has outperformed by 38.35% the S&P500.

Cramer Rosenthal Mcglynn Llc, which manages about $14.64 billion and $6.23 billion US Long portfolio, upped its stake in First Midwest Bancorp Inc/Il (NASDAQ:FMBI) by 111,605 shares to 2.51M shares, valued at $58.83 million in 2017Q3, according to the filing. It also increased its holding in Premier Inc (NASDAQ:PINC) by 86,685 shares in the quarter, for a total of 542,264 shares, and has risen its stake in Acxiom Corp (NASDAQ:ACXM).

Investors sentiment increased to 1.33 in 2017 Q3. Its up 0.28, from 1.05 in 2017Q2. It is positive, as 15 investors sold VG shares while 66 reduced holdings. 44 funds opened positions while 64 raised stakes. 181.10 million shares or 8.56% more from 166.81 million shares in 2017Q2 were reported. State Board Of Administration Of Florida Retirement Systems has 77,074 shares. Teachers Retirement Sys Of The State Of Kentucky, a Kentucky-based fund reported 158,230 shares. Quantitative Inv Mgmt Limited Com holds 538,900 shares or 0.05% of its portfolio. 208,200 were accumulated by First Quadrant Limited Partnership Ca. Ameritas Invest Partners reported 16,504 shares. 83,800 are held by Louisiana State Employees Retirement System. Prelude Capital Mngmt Ltd Liability reported 0.02% in Vonage Holdings Corp. (NYSE:VG). Renaissance Ltd Com invested in 133,826 shares or 0% of the stock. First LP invested in 0.14% or 6.49 million shares. Castleark Management Ltd Co has 0.47% invested in Vonage Holdings Corp. (NYSE:VG). 235,865 were reported by State Common Retirement Fund. The Montana-based Da Davidson & Company has invested 0.01% in Vonage Holdings Corp. (NYSE:VG). Us Bancshares De holds 0% of its portfolio in Vonage Holdings Corp. (NYSE:VG) for 13,172 shares. Wellington Mngmt Group Inc Llp holds 0.03% in Vonage Holdings Corp. (NYSE:VG) or 14.49M shares. Meeder Asset Mngmt stated it has 0% of its portfolio in Vonage Holdings Corp. (NYSE:VG).

Since August 21, 2017, it had 0 buys, and 4 sales for $17.39 million activity. $1.60 million worth of stock was sold by PEARSON DAVID T. on Monday, August 21.

Among 11 analysts covering Vonage (NYSE:VG), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Vonage had 31 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating by William Blair given on Thursday, August 3. The rating was maintained by Dougherty & Company with “Buy” on Monday, September 12. On Tuesday, March 8 the stock rating was initiated by Summit Research with “Hold”. The rating was maintained by Robert W. Baird on Wednesday, January 3 with “Buy”. Robert W. Baird initiated it with “Outperform” rating and $8 target in Wednesday, September 14 report. On Monday, August 10 the stock rating was initiated by Canaccord Genuity with “Buy”. The stock has “Buy” rating by Craig Hallum on Tuesday, November 7. Oppenheimer maintained Vonage Holdings Corp. (NYSE:VG) rating on Thursday, August 3. Oppenheimer has “Buy” rating and $900 target. The rating was downgraded by FBN Securities on Thursday, August 10 to “Sector Perform”. The firm has “Buy” rating by Northland Capital given on Tuesday, September 5.

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 firm earned “Buy” rating on Wednesday, August 26 by M Partners. The company was maintained on Wednesday, April 19 by M Partners. The rating was maintained by Goldman Sachs with “Buy” on Friday, August 12. Morgan Stanley maintained the shares of BABA in report on Monday, January 29 with “Buy” rating. Standpoint Research upgraded the stock to “Accumulate” rating in Monday, January 9 report. The company was maintained on Monday, October 16 by Bank of America. The firm has “Overweight” rating given on Friday, August 12 by JP Morgan. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by Morgan Stanley on Wednesday, October 28. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Stifel Nicolaus on Tuesday, August 15. The company was maintained on Tuesday, June 27 by JP Morgan.

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