As Alibaba Group Hldg LTD (BABA) Share Value Rose, Andra Ap-Fonden Decreased Its Stake

May 17, 2018 - By Bradley Stiles

Andra Ap-Fonden decreased its stake in Alibaba Group Hldg Ltd (BABA) by 4.09% based on its latest 2017Q4 regulatory filing with the SEC. Andra Ap-Fonden sold 18,664 shares as the company’s stock rose 3.18% while stock markets declined. The institutional investor held 437,600 shares of the business services company at the end of 2017Q4, valued at $75.46 million, down from 456,264 at the end of the previous reported quarter. Andra Ap-Fonden who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $509.04B market cap company. The stock increased 0.76% or $1.5 during the last trading session, reaching $198.11. About 12.89 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 17, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Andra Ap-Fonden, which manages about $4.40B US Long portfolio, upped its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 38,491 shares to 60,380 shares, valued at $22.04M in 2017Q4, according to the filing. It also increased its holding in Cboe Global Markets Inc (NASDAQ:CBOE) by 34,200 shares in the quarter, for a total of 61,300 shares, and has risen its stake in Lockheed Martin Corp (NYSE:LMT).

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on August, 16. They expect $1.16 earnings per share, up 23.40 % or $0.22 from last year’s $0.94 per share. BABA’s profit will be $2.98 billion for 42.70 P/E if the $1.16 EPS becomes a reality. After $0.54 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 114.81 % EPS growth.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Finance.Yahoo.com which released: “Why You Should Buy Alibaba (BABA) Stock” on May 11, 2018, also Benzinga.com with their article: “Upcoming Earnings: Alibaba Reports Before Market Open On Friday” published on May 03, 2018, 247Wallst.com published: “Why Alibaba Earnings Might Have Nowhere to Go but Up” on May 04, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Livetradingnews.com and their article: “Alibaba Group Holding Limited (NYSE:BABA) Stock Overbought” published on May 16, 2018 as well as Benzinga.com‘s news article titled: “Citron Says Alibaba Is ‘On Its Way To $250′” with publication date: May 02, 2018.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Among 16 analysts covering Alibaba Group (NYSE:BABA), 16 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alibaba Group has $262 highest and $210.0 lowest target. $231.80’s average target is 17.01% above currents $198.11 stock price. Alibaba Group had 23 analyst reports since November 30, 2017 according to SRatingsIntel. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, April 10. The firm earned “Buy” rating on Monday, January 29 by Morgan Stanley. The firm has “Buy” rating given on Friday, April 27 by RBC Capital Markets. Bernstein maintained it with “Buy” rating and $230.0 target in Monday, February 5 report. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, May 7 report. As per Monday, May 7, the company rating was maintained by Bank of America. The firm has “Buy” rating by Jefferies given on Monday, January 15. The company was maintained on Friday, February 2 by KeyBanc Capital Markets. The firm earned “Buy” rating on Tuesday, March 6 by Oppenheimer. The firm has “Buy” rating given on Monday, May 7 by Stifel Nicolaus.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Chart

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