Economy

QS Investors LLC Lowers Position in Alibaba Group Holding Limited (BABA)

Insider ownership increased by a total of 0 shares, which suggests that BABA's key executives are feeling more optimistic about the outlook for the stock. Recently, investment analysts covering the stock have updated the mean rating to 1.6.

Boyer & Corporon Wealth Management Llc holds 1.83% of its portfolio in Cathay General Bancorp for 108,390 shares. The firm owned 3,000 shares of the specialty retailer's stock after buying an additional 300 shares during the period. Lone Pine Capital Llc bought 1.77 million shares as the company's stock rose 22.58% with the market. About shares traded. AT&T Inc. Jennison Associates LLC boosted its holdings in shares of Alibaba Group Holding Limited by 3.3% in the second quarter. Hillcrest Asset Management Llc owns 211,236 shares or 1.48% of their USA portfolio. State of New Jersey Common Pension Fund D increased its position in shares of Alibaba Group Holding by 6.1% in the first quarter.

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Matthews International Capital Management Llc increased Alibaba Group Hldg Ltd (BABA) stake by 6.19% reported in 2017Q2 SEC filing. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has "Buy" rating given on Tuesday, August 22 by Oppenheimer. The stock closing price is now trading upward to its 50 day moving average with change of 8.19%, escalated to its 20 day moving average with figure of 3.60% and above its 200 day moving average with value 41.14%. The stock has a market capitalization of $463.05 billion, a price-to-earnings ratio of 60.43 and a beta of 2.61. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since October 10, 2016 and is uptrending. After $0.94 actual earnings per share reported by Alibaba Group Holding Ltd for the previous quarter, Wall Street now forecasts -10.64% negative EPS growth. For the past 5 years, the company's revenue has grown 51.2%, while the company's earnings per share has grown 58.9%. Alibaba Group Holding Limited's institutional ownership is 39.8%, while its institutional transactions stand at 0.11%. This is assuming the current $0.84 EPS is accurate. The value of the total investment in Alibaba Group Holding Limited A went from $819,893,000 to $1,012,791,000 increasing 23.5% quarter to quarter. Alibaba had 137 analyst reports since August 12, 2015 according to SRatingsIntel. (NASDAQ:FB). At the time of writing, the First Call consensus price target for the company is $194.77. Deutsche Bank maintained the shares of BABA in report on Friday, August 12 with "Buy" rating. A rating of 4 or 5 would represent a Sell recommendation. The rating was maintained by KeyBanc Capital Markets with "Overweight" on Friday, August 18. Finally, Cantor Fitzgerald initiated coverage on shares of Alibaba Group Holding Limited in a research note on Friday, September 22nd. The short ratio in the company's stock is documented at 8 and the short float is around of 17.83%. If the $18.59 price target is reached, the company will be worth $300.40 million less. Alibaba Group Hldg Ltd now has $470.05 billion valuation. Retail commerce in China operated by the Company includes the China online commerce destination (Taobao Marketplace); the China third-party platform for brands and retailers (Tmall), and the sales and marketing platform for flash sales (Juhuasuan).



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