Qualcomm (QCOM) Shareholder Veritas Asset Management Llp Increased Its Position by $278.14 Million; As Lululemon Athletica (LULU) Market Valuation Declined, Crystal Rock Capital Management Lifted by $641,700 Its Holding

February 19, 2018 - By Louis Casey

Crystal Rock Capital Management increased its stake in Lululemon Athletica Inc (LULU) by 25.54% based on its latest 2017Q3 regulatory filing with the SEC. Crystal Rock Capital Management bought 10,350 shares as the company’s stock declined 26.14% while stock markets rallied. The institutional investor held 50,875 shares of the apparel company at the end of 2017Q3, valued at $3.17 million, up from 40,525 at the end of the previous reported quarter. Crystal Rock Capital Management who had been investing in Lululemon Athletica Inc for a number of months, seems to be bullish on the $11.02 billion market cap company. The stock increased 0.59% or $0.48 during the last trading session, reaching $81.4. About 1.55M shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has declined 19.33% since February 19, 2017 and is downtrending. It has underperformed by 36.03% the S&P500.

Veritas Asset Management Llp increased its stake in Qualcomm Inc (QCOM) by 68.38% based on its latest 2017Q3 regulatory filing with the SEC. Veritas Asset Management Llp bought 5.45M shares as the company’s stock rose 2.14% with the market. The institutional investor held 13.43M shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $696.17 million, up from 7.98 million at the end of the previous reported quarter. Veritas Asset Management Llp who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $96.00 billion market cap company. The stock decreased 0.66% or $0.43 during the last trading session, reaching $64.85. About 11.76 million shares traded or 8.50% up from the average. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since February 19, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. had 132 analyst reports since July 23, 2015 according to SRatingsIntel. As per Friday, August 14, the company rating was maintained by Canaccord Genuity. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Outperform” rating by CLSA on Tuesday, May 17. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Neutral” rating given on Tuesday, September 8 by JP Morgan. The company was maintained on Thursday, November 19 by Stifel Nicolaus. On Thursday, July 23 the stock rating was maintained by Cowen & Co with “Outperform”. On Thursday, July 20 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock has “Buy” rating by Northland Capital on Thursday, November 2. The rating was downgraded by Rosenblatt to “Neutral” on Wednesday, April 19. The stock has “Underperform” rating by CLSA on Monday, January 23. The rating was maintained by Canaccord Genuity with “Buy” on Monday, November 13.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.13, from 0.98 in 2017Q2. It is negative, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. Btr Capital Mgmt stated it has 167,971 shares or 1.78% of all its holdings. Parnassus Invs Ca holds 1.66% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 7.81M shares. Wetherby Asset owns 0.16% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 21,233 shares. Stonebridge Capital Inc, a California-based fund reported 112,376 shares. Credit Agricole S A invested in 1.69M shares or 0.3% of the stock. Chevy Chase Trust Holding reported 0.31% stake. Wellington Mgmt Grp Ltd Liability Partnership accumulated 52.13M shares. Usca Ria Ltd Llc holds 1.3% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 182,286 shares. 78,766 are held by Bank Inc. Welch Gru Inc Limited Liability Com has invested 0.03% in QUALCOMM Incorporated (NASDAQ:QCOM). Great Lakes Advsrs Limited Liability Co reported 0.03% in QUALCOMM Incorporated (NASDAQ:QCOM). Amp Capital Investors Ltd reported 0.22% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Northern invested in 0.26% or 19.47 million shares. Parametric Port Associate Llc reported 0.23% stake. Baldwin Invest Mngmt holds 16,483 shares.

Since August 20, 2017, it had 0 buys, and 5 selling transactions for $2.92 million activity. STERLING MICHELLE M sold $245,919 worth of stock or 4,740 shares. 43,000 shares were sold by GROB MATTHEW S, worth $2.81 million on Tuesday, January 9.

Veritas Asset Management Llp, which manages about $12.23B US Long portfolio, decreased its stake in Alphabet Inc by 1,700 shares to 590,171 shares, valued at $574.66M in 2017Q3, according to the filing. It also reduced its holding in Alibaba Group Holding (NYSE:BABA) by 40,000 shares in the quarter, leaving it with 135,000 shares, and cut its stake in Baxter International Inc (NYSE:BAX).

Among 40 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 23 have Buy rating, 1 Sell and 16 Hold. Therefore 58% are positive. Lululemon Athletica Inc. had 180 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Tuesday, August 2. Cowen & Co maintained Lululemon Athletica Inc. (NASDAQ:LULU) on Friday, September 11 with “Outperform” rating. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) earned “Neutral” rating by Citigroup on Tuesday, January 2. M Partners maintained the stock with “Buy” rating in Wednesday, January 10 report. The firm earned “Outperform” rating on Wednesday, March 23 by Oppenheimer. Evercore downgraded Lululemon Athletica Inc. (NASDAQ:LULU) on Thursday, September 10 to “Sell” rating. The company was upgraded on Thursday, December 14 by Deutsche Bank. FBR Capital maintained the shares of LULU in report on Friday, September 11 with “Mkt Perform” rating. Evercore upgraded the stock to “Buy” rating in Thursday, December 8 report. BMO Capital Markets maintained it with “Hold” rating and $5500 target in Tuesday, August 8 report.

Crystal Rock Capital Management, which manages about $180.23 million and $150.02M US Long portfolio, decreased its stake in Wynn Resorts Ltd (NASDAQ:WYNN) by 3,475 shares to 33,249 shares, valued at $4.95M in 2017Q3, according to the filing. It also reduced its holding in Carnival Corp (NYSE:CCL) by 7,640 shares in the quarter, leaving it with 44,617 shares, and cut its stake in Jpmorgan Chase & Co (NYSE:JPM).

Since February 12, 2018, it had 0 insider purchases, and 1 insider sale for $211.00 million activity.

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