Investec Asset Management North America Has Increased Alibaba Group Holding LTD (BABA) Holding By $4.12 Million; 7 Analysts Are Bullish Franco-Nevada (FNV) Last Week

December 12, 2017 - By Marguerite Chambers

Investec Asset Management North America Inc increased Alibaba Group Holding Ltd (BABA) stake by 9.58% reported in 2017Q2 SEC filing. Investec Asset Management North America Inc acquired 29,435 shares as Alibaba Group Holding Ltd (BABA)’s stock rose 22.58%. The Investec Asset Management North America Inc holds 336,726 shares with $47.45 million value, up from 307,291 last quarter. Alibaba Group Holding Ltd now has $448.15 billion valuation. The stock decreased 2.58% or $4.63 during the last trading session, reaching $174.66. About 18.93M shares traded or 0.70% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since December 12, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 16 analysts covering Franco-Nevada Corp (NYSE:FNV), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Franco-Nevada Corp had 35 analyst reports since August 11, 2015 according to SRatingsIntel. The company was upgraded on Thursday, October 8 by TD Securities. The stock has “Buy” rating by TD Securities on Thursday, October 19. The stock has “Buy” rating by Canaccord Genuity on Tuesday, August 11. The stock of Franco-Nevada Corporation (NYSE:FNV) earned “Outperform” rating by RBC Capital Markets on Thursday, October 8. The firm earned “Outperform” rating on Friday, January 13 by Credit Suisse. Goldman Sachs downgraded it to “Sell” rating and $51 target in Wednesday, May 11 report. JP Morgan maintained the stock with “Neutral” rating in Monday, March 14 report. The rating was initiated by Desjardins Securities with “Buy” on Wednesday, October 26. The stock of Franco-Nevada Corporation (NYSE:FNV) has “Market Perform” rating given on Thursday, May 12 by BMO Capital Markets. The firm earned “Outperform” rating on Monday, September 14 by BMO Capital Markets. See Franco-Nevada Corporation (NYSE:FNV) latest ratings:

01/12/2017 Broker: TD Securities Rating: Buy New Target: $96.0 Maintain
19/10/2017 Broker: TD Securities Rating: Buy New Target: $92.0 Maintain
25/09/2017 Broker: Credit Suisse Old Rating: Outperform New Rating: Neutral Downgrade
13/07/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $74 New Target: $72 Maintain
13/06/2017 Broker: Credit Suisse Rating: Buy New Target: $80.0000
15/06/2017 Broker: Raymond James Old Rating: Outperform New Rating: Outperform New Target: $85 Maintain

Among 37 analysts covering Alibaba (NYSE:BABA), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 156 analyst reports since August 12, 2015 according to SRatingsIntel. Bank of America maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, September 7. Bank of America has “Buy” rating and $193.0 target. Deutsche Bank maintained the stock with “Buy” rating in Thursday, September 29 report. The rating was maintained by SunTrust on Thursday, November 2 with “Buy”. As per Tuesday, June 6, the company rating was maintained by Jefferies. As per Friday, November 3, the company rating was maintained by Needham. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Axiom Capital on Thursday, August 13. The firm earned “Buy” rating on Thursday, September 22 by Stifel Nicolaus. Cantor Fitzgerald maintained Alibaba Group Holding Limited (NYSE:BABA) on Wednesday, September 9 with “Buy” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Outperform” rating given on Thursday, August 13 by RBC Capital Markets. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Stifel Nicolaus on Friday, August 18.

Investec Asset Management North America Inc decreased Celgene Corp (NASDAQ:CELG) stake by 6,249 shares to 85,260 valued at $11.07 million in 2017Q2. It also reduced Priceline Group Inc/The (NASDAQ:PCLN) stake by 430 shares and now owns 6,434 shares. Ebay Inc (NASDAQ:EBAY) was reduced too.

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