Ngam Advisors LP Trimmed Alibaba Group Hldg LTD (BABA) Position by $3.39 Million as Valuation Rose

July 14, 2018 - By Kyle Williams

Ngam Advisors Lp decreased its stake in Alibaba Group Hldg Ltd (BABA) by 2.04% based on its latest 2018Q1 regulatory filing with the SEC. Ngam Advisors Lp sold 18,549 shares as the company’s stock rose 2.58% while stock markets declined. The institutional investor held 890,585 shares of the business services company at the end of 2018Q1, valued at $163.46 million, down from 909,134 at the end of the previous reported quarter. Ngam Advisors Lp who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $488.30 billion market cap company. The stock decreased 0.07% or $0.13 during the last trading session, reaching $190.04. About 12.56 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 61.13% since July 14, 2017 and is uptrending. It has outperformed by 48.56% the S&P500.

Ngam Advisors Lp, which manages about $16.78B and $10.13B US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 118,007 shares to 1.13 million shares, valued at $181.05M in 2018Q1, according to the filing. It also increased its holding in Constellation Brands Inc (NYSE:STZ) by 18,369 shares in the quarter, for a total of 29,539 shares, and has risen its stake in Texas Instrs Inc (NASDAQ:TXN).

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on August, 16. They expect $1.14 EPS, up 21.28 % or $0.20 from last year’s $0.94 per share. BABA’s profit will be $2.93B for 41.68 P/E if the $1.14 EPS becomes a reality. After $0.54 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 111.11 % EPS growth.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Seekingalpha.com which released: “Alibaba: A Brilliant Opportunity” on July 13, 2018, also Seekingalpha.com with their article: “Alibaba: Why I Bought The Dip” published on July 12, 2018, Seekingalpha.com published: “Alibaba Selloff, Investors Can Still Act” on July 05, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Benzinga.com and their article: “KeyBanc Upgrades Baidu, Lowers Alibaba Estimates In Chinese Internet Update” published on July 09, 2018 as well as Seekingalpha.com‘s news article titled: “Alibaba Is A No-Brainer” with publication date: June 26, 2018.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Among 17 analysts covering Alibaba Group (NYSE:BABA), 17 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alibaba Group has $30500 highest and $210.0 lowest target. $247.53’s average target is 30.25% above currents $190.04 stock price. Alibaba Group had 27 analyst reports since January 15, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Monday, February 5 by Bernstein. Jefferies maintained the stock with “Buy” rating in Friday, February 2 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Monday, May 7 by Stifel Nicolaus. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Outperform” rating given on Thursday, June 14 by Wells Fargo. The company was maintained on Thursday, February 1 by Bank of America. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Thursday, June 7 by Susquehanna. The firm has “Buy” rating by Jefferies given on Monday, January 15. The firm has “Buy” rating by Raymond James given on Thursday, May 24. Robert W. Baird maintained Alibaba Group Holding Limited (NYSE:BABA) on Wednesday, March 14 with “Buy” rating. The rating was maintained by Morgan Stanley on Monday, January 29 with “Buy”.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Chart

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