Baxter Bros Holding In Intuit (INTU) Was Lifted; Alibaba Group Holding LTD (BABA) Holder Hansberger Growth Investors LP Trimmed Its Stake

June 16, 2018 - By Marie Mckinney

Intuit Inc. (NASDAQ:INTU) Logo

Baxter Bros Inc increased its stake in Intuit Inc (INTU) by 3.76% based on its latest 2018Q1 regulatory filing with the SEC. Baxter Bros Inc bought 3,242 shares as the company’s stock rose 14.14% while stock markets declined. The institutional investor held 89,504 shares of the prepackaged software company at the end of 2018Q1, valued at $15.52M, up from 86,262 at the end of the previous reported quarter. Baxter Bros Inc who had been investing in Intuit Inc for a number of months, seems to be bullish on the $53.62B market cap company. The stock decreased 0.06% or $0.12 during the last trading session, reaching $208.96. About 2.18M shares traded or 51.07% up from the average. Intuit Inc. (NASDAQ:INTU) has risen 42.45% since June 16, 2017 and is uptrending. It has outperformed by 29.88% the S&P500. Some Historical INTU News: 22/05/2018 – Intuit 3Q EPS $4.59; 27/03/2018 – INTUIT SR UNSECURED RTG RAISED TO A3 FROM Baa1 BY MOODY’S; 22/05/2018 – Intuit 3Q Adj EPS $4.82; 22/05/2018 – Intuit Sees Revenue Growth, Higher Profit — Earnings Review; 22/05/2018 – Intuit Sees 4Q EPS 4c-EPS 6c; 10/05/2018 – Intuit Turbo Launches New Household Income View; 25/04/2018 – INTUIT INC – NOW EXPECTS FULL-YEAR FISCAL 2018 CONSUMER GROUP REVENUE GROWTH OF 12 TO 13 PERCENT; 22/05/2018 – Intuit Raises FY View To Adj EPS $5.51-Adj EPS $5.53; 02/04/2018 – Fidelity Select Tech Adds Intuit, Exits Wex, Cuts Facebook; 21/05/2018 – Intuit Inc expected to post earnings of $4.68 a share – Earnings Preview

Hansberger Growth Investors Lp decreased its stake in Alibaba Group Holding Ltd (BABA) by 53.05% based on its latest 2018Q1 regulatory filing with the SEC. Hansberger Growth Investors Lp sold 23,465 shares as the company’s stock rose 2.58% while stock markets declined. The institutional investor held 20,767 shares of the business services company at the end of 2018Q1, valued at $3.81 million, down from 44,232 at the end of the previous reported quarter. Hansberger Growth Investors Lp who had been investing in Alibaba Group Holding Ltd for a number of months, seems to be less bullish one the $534.45 billion market cap company. The stock decreased 1.36% or $2.86 during the last trading session, reaching $208. About 28.67M shares traded or 62.72% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 61.13% since June 16, 2017 and is uptrending. It has outperformed by 48.56% the S&P500. Some Historical BABA News: 30/05/2018 – Alibaba wants more Japanese products in Chinese customers’ hands; 04/05/2018 – Alibaba is China’s biggest e-commerce firm; 09/04/2018 – ALIBABA’S MA TO ABANDON U.S. JOB VOW IF TIE WORSENS: CHINA NEWS; 08/05/2018 – ALIBABA GROUP HOLDING’S TMALL ONLINE MARKETPLACE HAD ALSO STOPPED SELLING ZTE PHONES BY TUESDAY – NIKKEI; 28/04/2018 – New York Post: STX CEO spotted with Alibaba exec after draft for IPO listing; 12/04/2018 – Warburg Pincus in talks to invest in Ant’s $8 bln funding round; 01/04/2018 – ALIBABA GROUP HOLDING LTD BABA.N – TRANSACTION IMPLIES ENTERPRISE VALUE OF ELE.ME AT US$9.5 BLN; 11/04/2018 – Alibaba spin-off eyes $150bn valuation; 02/04/2018 – Alibaba files trademark lawsuit against Dubai firm behind ‘Alibabacoin’; 29/05/2018 – Alibaba Group Holding: Transaction Is Expected to Close in Early June

Hansberger Growth Investors Lp, which manages about $2.32 billion and $77.04M US Long portfolio, upped its stake in Manulife Financial Corporation (NYSE:MFC) by 70,134 shares to 500,005 shares, valued at $9.29M in 2018Q1, according to the filing. It also increased its holding in Credit Suisse Group Ag (NYSE:CS) by 56,954 shares in the quarter, for a total of 253,565 shares, and has risen its stake in Adr.

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 183 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Monday, July 10. The rating was maintained by M Partners on Friday, October 30 with “Buy”. Zacks upgraded the stock to “Strong Sell” rating in Tuesday, September 1 report. Vetr upgraded Alibaba Group Holding Limited (NYSE:BABA) on Thursday, August 13 to “Buy” rating. The firm earned “Buy” rating on Thursday, May 24 by Raymond James. The rating was maintained by Credit Suisse on Friday, May 6 with “Outperform”. Stifel Nicolaus maintained Alibaba Group Holding Limited (NYSE:BABA) on Tuesday, August 15 with “Buy” rating. Credit Suisse maintained the shares of BABA in report on Friday, August 12 with “Outperform” rating. The firm earned “Buy” rating on Monday, November 13 by Robert W. Baird. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 18 report.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on August, 16. They expect $1.16 earnings per share, up 23.40% or $0.22 from last year’s $0.94 per share. BABA’s profit will be $2.98B for 44.83 P/E if the $1.16 EPS becomes a reality. After $0.54 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 114.81% EPS growth.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Seekingalpha.com which released: “Ant Financial raises $14B ahead of IPO” on June 08, 2018, also Livetradingnews.com with their article: “Alibaba Group Holding Limited (NYSE:BABA) Target $300” published on June 04, 2018, Seekingalpha.com published: “Alibaba Knows No Boundaries” on June 01, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Seekingalpha.com and their article: “Difficult Not To Win With Alibaba” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Alibaba: Can This Rally Be Sustained?” with publication date: June 07, 2018.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.12, from 0.9 in 2017Q4. It fall, as 31 investors sold INTU shares while 277 reduced holdings. 59 funds opened positions while 180 raised stakes. 219.45 million shares or 1.28% more from 216.67 million shares in 2017Q4 were reported. Florida-based Jaffetilchin Invest Ptnrs has invested 0.08% in Intuit Inc. (NASDAQ:INTU). Ghp Inv holds 24,301 shares. Ontario – Canada-based Toronto Dominion Bancorporation has invested 0.05% in Intuit Inc. (NASDAQ:INTU). Connecticut-based Northcoast Asset Mngmt Lc has invested 2.07% in Intuit Inc. (NASDAQ:INTU). Bryn Mawr Trust owns 0.61% invested in Intuit Inc. (NASDAQ:INTU) for 61,288 shares. Motley Fool Asset Mgmt Lc accumulated 0.06% or 2,400 shares. Goelzer Investment Management reported 0.04% stake. Gotham Asset Management accumulated 2,365 shares. Davis R M stated it has 252,142 shares. Meeder Asset Mngmt reported 38,439 shares. Nuwave Inv Management Ltd Limited Liability Company has 1,273 shares for 0.35% of their portfolio. Oppenheimer Asset reported 9,490 shares. Perritt Capital owns 0.11% invested in Intuit Inc. (NASDAQ:INTU) for 1,856 shares. Victory Cap Management invested 0% in Intuit Inc. (NASDAQ:INTU). Fjarde Ap reported 0.19% stake.

More notable recent Intuit Inc. (NASDAQ:INTU) news were published by: Fool.com which released: “4 Soaring SaaS Stocks — Are They Still Buys?” on June 12, 2018, also Nasdaq.com with their article: “Intuit Inc. Stock Falls Despite Q3 Earnings Beat” published on May 23, 2018, Fool.com published: “Intuit Inc. Management Talks TurboTax Live and Turbo” on June 08, 2018. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: Seekingalpha.com and their article: “Handgun retailers look to Congress for relief” published on June 13, 2018 as well as Nasdaq.com‘s news article titled: “Proceed With Caution With Square Inc Stock” with publication date: June 14, 2018.

Among 24 analysts covering Intuit (NASDAQ:INTU), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Intuit had 104 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, November 15. The firm has “Buy” rating given on Tuesday, September 19 by William Blair. On Wednesday, August 23 the stock rating was upgraded by First Analysis to “Hold”. Stifel Nicolaus maintained it with “Hold” rating and $180 target in Thursday, April 26 report. The firm has “Buy” rating by Bank of America given on Wednesday, February 21. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, February 23. The firm earned “Buy” rating on Tuesday, November 21 by Wells Fargo. The rating was maintained by Credit Suisse on Wednesday, August 23 with “Buy”. Stifel Nicolaus maintained the shares of INTU in report on Tuesday, November 21 with “Hold” rating. The rating was maintained by Goldman Sachs on Thursday, June 23 with “Buy”.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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