Alibaba Group Holding (BABA) Shareholder Arga Investment Management LP Cut Position

January 17, 2018 - By mmahotstuff

Arga Investment Management Lp decreased its stake in Alibaba Group Holding (BABA) by 90.48% based on its latest 2017Q3 regulatory filing with the SEC. Arga Investment Management Lp sold 55,100 shares as the company’s stock rose 22.58% with the market. The institutional investor held 5,800 shares of the business services company at the end of 2017Q3, valued at $1.00 million, down from 60,900 at the end of the previous reported quarter. Arga Investment Management Lp who had been investing in Alibaba Group Holding for a number of months, seems to be less bullish one the $468.01 billion market cap company. The stock decreased 2.87% or $5.39 during the last trading session, reaching $182.4. About 27.43 million shares traded or 39.49% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 17, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on January, 23. They expect $1.45 earnings per share, up 33.03 % or $0.36 from last year’s $1.09 per share. BABA’s profit will be $3.72 billion for 31.45 P/E if the $1.45 EPS becomes a reality. After $1.02 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 42.16 % EPS growth.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Investorplace.com which released: “Stock Up on Alibaba Group Holding Ltd Before It REALLY Takes Off” on January 08, 2018, also Finance.Yahoo.com with their article: “Alibaba Group Holding Ltd Is So 2017, And That’s Not a Good Thing!” published on January 03, 2018, Seekingalpha.com published: “Alibaba Group: Valuation Update” on December 21, 2017. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Investorplace.com and their article: “Alibaba Group Holding Ltd Stock Needs Western Expansion” published on January 11, 2018 as well as Usnews.com‘s news article titled: “Here’s How Alibaba Is Beating Google” with publication date: January 03, 2018.

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 158 analyst reports since August 12, 2015 according to SRatingsIntel. Robert W. Baird maintained it with “Buy” rating and $190.0 target in Tuesday, October 17 report. Cantor Fitzgerald maintained it with “Buy” rating and $88 target in Wednesday, September 9 report. The firm has “Buy” rating by UBS given on Friday, August 18. The rating was maintained by Brean Capital with “Buy” on Wednesday, October 28. The stock has “Buy” rating by Brean Capital on Thursday, November 3. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Outperform” rating by Credit Suisse on Friday, August 12. The firm has “Neutral” rating given on Wednesday, January 25 by Wedbush. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Stifel Nicolaus on Thursday, September 22. Standpoint Research initiated the stock with “Buy” rating in Monday, August 24 report. Robert W. Baird maintained Alibaba Group Holding Limited (NYSE:BABA) on Friday, October 27 with “Buy” rating.

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