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Light Street Capital Management Has Lowered Its Alibaba Group Hldg LTD (BABA) Stake as Share Value Rose; Hrg Group (HRG) Holder Numina Capital Management Lifted Position by $3.28 Million

Glen Kacher decreased its stake in Alibaba Group Hldg Ltd (BABA) by 14.67% based on its latest 2017Q3 regulatory filing with the SEC. Light Street Capital Management Llc sold 55,000 shares as the company’s stock rose 22.58% with the market. The hedge fund run by Glen Kacher held 320,000 shares of the business services company at the end of 2017Q3, valued at $55.27 million, down from 375,000 at the end of the previous reported quarter. Light Street Capital Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $494.00 billion market cap company. The stock increased 2.85% or $5.34 during the last trading session, reaching $192.53. About 15.82M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 21, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Numina Capital Management Llc increased its stake in Hrg Group Inc (HRG) by 3.59% based on its latest 2017Q3 regulatory filing with the SEC. Numina Capital Management Llc bought 218,351 shares as the company’s stock declined 0.45% while stock markets rallied. The institutional investor held 6.30 million shares of the miscellaneous company at the end of 2017Q3, valued at $98.30M, up from 6.08 million at the end of the previous reported quarter. Numina Capital Management Llc who had been investing in Hrg Group Inc for a number of months, seems to be bullish on the $3.07B market cap company. The stock decreased 1.34% or $0.21 during the last trading session, reaching $15.46. About 924,470 shares traded. HRG Group, Inc. (NYSE:HRG) has risen 28.87% since February 21, 2017 and is uptrending. It has outperformed by 12.17% the S&P500.

Numina Capital Management Llc, which manages about $258.10 million and $743.54M US Long portfolio, decreased its stake in Cvr Refng Lp (NYSE:CVRR) by 129,233 shares to 188,500 shares, valued at $1.86M in 2017Q3, according to the filing. It also reduced its holding in Par Pacific Holdings Inc (NYSEMKT:PARR) by 93,300 shares in the quarter, leaving it with 488,202 shares, and cut its stake in Dish Network Corp (NASDAQ:DISH).

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. As per Monday, August 24, the company rating was initiated by Standpoint Research. Deutsche Bank maintained the shares of BABA in report on Monday, April 25 with “Buy” rating. Robert W. Baird maintained the shares of BABA in report on Thursday, November 2 with “Buy” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by Morgan Stanley on Monday, January 25. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Axiom Capital on Wednesday, October 28. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Neutral” rating by Wedbush on Wednesday, August 12. On Friday, October 30 the stock rating was maintained by M Partners with “Buy”. The company was maintained on Monday, August 21 by Barclays Capital. KeyBanc Capital Markets maintained it with “Overweight” rating and $182 target in Friday, August 18 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Accumulate” rating by Standpoint Research on Monday, January 9.

Light Street Capital Management Llc, which manages about $928.09M and $1.22B US Long portfolio, upped its stake in Shopify Inc by 165,000 shares to 365,000 shares, valued at $42.52 million in 2017Q3, according to the filing. It also increased its holding in Match Group Inc by 875,000 shares in the quarter, for a total of 3.18 million shares, and has risen its stake in Logmein Inc (NASDAQ:LOGM).

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