January 14, 2018 – By Adrian Erickson
Bp Plc decreased its stake in Alibaba Holding Group (BABA) by 19.36% based on its latest 2017Q3 regulatory filing with the SEC. Bp Plc sold 108,397 shares as the company’s stock rose 22.58% with the market. The hedge fund held 451,485 shares of the business services company at the end of 2017Q3, valued at $ 77.99M, down from 559,882 at the end of the previous reported quarter. Bp Plc who had been investing in the Alibaba Group Holding for a number of months, seems to be less than $ 481.84 billion market cap company. The stock decreased 0.51% or $ 0.96 during the last trading session, reaching $ 187.79. About 11.79 million shares traded. Alibaba Group Holding Limited (NYSE: BABA) has risen 57.33% since January 14, 2017 and is uptrending. It has outperformed by 40.63% the S & P500.
Bp Plc, which accounts for $ 2.82 trillion US Long portfolio, upped its stake in United Parcel Service (NYSE: UPS) by 26,000 shares to 81,000 shares, valued at $ 9.73 million in 2017Q3, according to the filing. It also increased its holding in Gilead Sciences Inc. (NASDAQ: GILD) by 82,000 shares in the quarter, for a total of 233,000 shares, and has risen its stake in Intel Corp. (NASDAQ: INTC).
Analysts await Alibaba Group Holding Limited (NYSE: BABA) to report earnings on January, 23. They expect $ 1.45 EPS, up 33.03% or $ 0.36 from last year’s $ 1.09 per share. BABA’s profit will be $ 3.72B for 32.38 P / E if the $ 1.45 EPS becomes a reality. After $ 1.02 in EPS update by Alibaba Group Holding Limited for the former quarter, Wall Street now forecast 42.16% EPS growth.
More notable recent Alibaba Group Holding Limited (NYSE: BABA) news were published by: Usnews.com which released: “Here’s How Alibaba Is Beating Google” on January 03, 2018, also Fool.com with their article: “Why Alibaba Group Holding Ltd. Shares Doubled in 2017 “published on January 08, 2018, Seekingalpha.com published:” China’s Tech Revolution: Alibaba Dominates Online Retail “on January 11, 2018. More interesting news about Alibaba Holding Group Limited (NYSE: BABA) were released by: Finance.Yahoo.com and their article: “Alibaba Group Holding Ltd Is So 2017, And That’s Not a Good Thing!” Published on January 03, 2018 Usnews.com’s news article titled: “You Do not Have to Worry About Alibaba Stock “with publication date: December 18, 2017.
Alibaba Group Holding Limited (NYSE: BABA) Ratings Coverage
Among 37 analysts covering Alibaba ( NYSE: BABA ), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 157 analysts reports since August 12, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, November 2 by RBC Capital Markets. On Friday, August 12th RBC Capital Markets with “Outperform”. As per Monday, June 26, the company is being maintained by Oppenheimer. The firm has “Buy” rating given on Friday, August 12 by Citigroup. Jefferies maintained Alibaba Holding Group Limited (NYSE: BABA) on Tuesday, June 6 with “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Tuesday, June 28. The stock has “Buy” rating by Bank of America on Thursday, September 7. The firm earned “Buy” rating on Friday, April 15 by Needham. As per Thursday, November 3, the company is being maintained by RBC Capital Markets. Cantor Fitzgerald Maintained Alibaba Holding Group Limited (NYSE: BABA) on Wednesday, August 12 with “Buy” rating.
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