Korea Investment Continues to Hold Position in Lululemon Athletica (LULU); As Equinix (EQIX) Stock Price Declined, Lone Pine Capital Has Lowered Its Holding by $68.46 Million

April 25, 2018 - By Louis Casey

Equinix, Inc. (NASDAQ:REIT) Logo

Korea Investment Corp increased its stake in Lululemon Athletica Inc (LULU) by 6.77% based on its latest 2017Q4 regulatory filing with the SEC. Korea Investment Corp bought 27,800 shares as the company’s stock rose 0.29% while stock markets declined. The institutional investor held 438,600 shares of the apparel company at the end of 2017Q4, valued at $34.47M, up from 410,800 at the end of the previous reported quarter. Korea Investment Corp who had been investing in Lululemon Athletica Inc for a number of months, seems to be bullish on the $13.25 billion market cap company. The stock increased 0.98% or $0.95 during the last trading session, reaching $97.85. About 1.26 million shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 22.77% since April 25, 2017 and is uptrending. It has outperformed by 11.22% the S&P500.

Stephen Mandel decreased its stake in Equinix Inc (EQIX) by 11.87% based on its latest 2017Q4 regulatory filing with the SEC. Lone Pine Capital Llc sold 151,123 shares as the company’s stock declined 8.22% with the market. The hedge fund run by Stephen Mandel held 1.12 million shares of the consumer services company at the end of 2017Q4, valued at $508.75M, down from 1.27M at the end of the previous reported quarter. Lone Pine Capital Llc who had been investing in Equinix Inc for a number of months, seems to be less bullish one the $32.50B market cap company. The stock increased 0.17% or $0.68 during the last trading session, reaching $410.21. About 384,749 shares traded. Equinix, Inc. (NASDAQ:EQIX) has risen 6.74% since April 25, 2017 and is uptrending. It has underperformed by 4.81% the S&P500.

Korea Investment Corp, which manages about $21.97 billion US Long portfolio, decreased its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 12,200 shares to 94,873 shares, valued at $11.35 million in 2017Q4, according to the filing. It also reduced its holding in Encana Corp (NYSE:ECA) by 187,908 shares in the quarter, leaving it with 372,213 shares, and cut its stake in Henry Jack & Assoc Inc (NASDAQ:JKHY).

Among 41 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 23 have Buy rating, 1 Sell and 17 Hold. Therefore 56% are positive. Lululemon Athletica Inc. had 199 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Tuesday, January 9. The firm has “Buy” rating given on Friday, September 1 by Nomura. As per Monday, August 31, the company rating was upgraded by Zacks. As per Thursday, September 29, the company rating was maintained by Goldman Sachs. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, March 27 report. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, August 2 report. The firm earned “Hold” rating on Thursday, January 11 by Wells Fargo. The firm earned “Sell” rating on Friday, December 2 by Canaccord Genuity. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Outperform” rating given on Friday, January 29 by Credit Suisse. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) earned “Buy” rating by SunTrust on Thursday, June 9.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.12, from 1.2 in 2017Q3. It worsened, as 34 investors sold LULU shares while 100 reduced holdings. 65 funds opened positions while 80 raised stakes. 101.36 million shares or 3.64% less from 105.19 million shares in 2017Q3 were reported. 50,000 were reported by State Of New Jersey Common Pension Fund D. Wellington Mngmt Grp Inc Llp owns 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 147,073 shares. Moreover, Waddell And Reed has 0.27% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 1.57 million shares. Eaton Vance Management has invested 0.3% in Lululemon Athletica Inc. (NASDAQ:LULU). Gam Hldg Ag has 0.02% invested in Lululemon Athletica Inc. (NASDAQ:LULU). Zevenbergen Capital Invs Ltd Liability Com reported 1.95% in Lululemon Athletica Inc. (NASDAQ:LULU). Macquarie Gp Limited has invested 0% in Lululemon Athletica Inc. (NASDAQ:LULU). Raymond James Assocs holds 38,550 shares. Balyasny Asset Mgmt Lc reported 1.54M shares. Korea-based Korea Investment has invested 0.16% in Lululemon Athletica Inc. (NASDAQ:LULU). Westpac Corp has 0.01% invested in Lululemon Athletica Inc. (NASDAQ:LULU). Paloma Partners Communications, a Connecticut-based fund reported 29,986 shares. Morgan Stanley accumulated 536,090 shares. 5,563 were reported by Mackenzie Financial. British Columbia Mngmt has 39,059 shares.

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

Lone Pine Capital Llc, which manages about $34.98 billion and $19.16 billion US Long portfolio, upped its stake in Paypal Hldgs Inc by 2.77 million shares to 9.49M shares, valued at $698.52M in 2017Q4, according to the filing. It also increased its holding in Adobe Sys Inc (NASDAQ:ADBE) by 1.86 million shares in the quarter, for a total of 5.79 million shares, and has risen its stake in Electronic Arts Inc (NASDAQ:EA).

Since December 14, 2017, it had 0 insider buys, and 30 selling transactions for $29.66 million activity. $165,032 worth of stock was sold by Meyers Charles J on Thursday, March 15. Shares for $2.19M were sold by Schwartz Eric. 2,028 shares were sold by TAYLOR KEITH D, worth $815,092. The insider STROHMEYER KARL sold $1.14 million. LYONS IRVING F III also sold $2.07 million worth of Equinix, Inc. (NASDAQ:REIT) shares. 10,706 shares valued at $4.74M were sold by Smith Stephen M on Tuesday, January 16.

Lululemon Athletica Inc. (NASDAQ:LULU) Institutional Positions Chart

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