BlackRock Inc. Grows Holdings in Alibaba Group Holding Ltd (BABA)

Angelo Anderson
March 1, 2018

Westside Investment Management Inc. now owns 5,393 shares of the specialty retailer's stock valued at $982,000 after purchasing an additional 289 shares in the last quarter. Highstreet Asset Management Inc. lifted its holdings in shares of Alibaba Group by 393.7% in the 3rd quarter. About 19.46 million shares traded.

Stanley Laman Group Ltd. purchased a new position in shares of Alibaba Group Holding Ltd (NYSE:BABA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has outperformed by 40.63% the S&P500.

Newport Asia Llc increased its stake in Alibaba Group Holding (BABA) by 1.37% based on its latest 2017Q3 regulatory filing with the SEC. Morgens Waterfall Vintiadis & Co Inc bought 5,000 shares as the company's stock rose 10.88% with the market. The institutional investor held 138,068 shares of the auto manufacturing company at the end of 2017Q3, valued at $5.58M, down from 150,368 at the end of the previous reported quarter. Texas Instrs Inc now has $107.85B valuation.

Moving toward the technical facts, Alibaba Group Holding Limited current distance from 20-Day Simple Moving Average is 0.41% and standing 1.96% away from 50-Day Simple Moving Average while traded 12.82% away from 200-Day Simple Moving Average. General Motors Company (NYSE:GM) has risen 7.92% since February 28, 2017 and is uptrending. It has outperformed by 171.72% the S&P500.

Veritas Asset Management Llp increased Stericycle Inc stake by 76,000 shares to 818,000 valued at $48.13 million in 2017Q3.

A number of other large investors have also recently added to or reduced their stakes in BABA. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Therefore 95% are positive. Alibaba Group Holding Ltd has a 1-year low of $101.30 and a 1-year high of $206.20. For example, a 20-period moving average is the average of the closing prices for the past 20 periods, including the current period.

The analysts offering 12 month price targets for Alibaba Group Holding Limited have a median target of $225, with a high estimate of $260 and a low estimate of $185. Raymond James Financial lifted their price objective on shares of Alibaba Group to $240.00 and gave the company a "strong-buy" rating in a research note on Friday, February 2nd. The firm earned "Equal-Weight" rating on Wednesday, October 18 by Barclays Capital. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned "Buy" rating by Needham on Tuesday, May 9. The firm has "Buy" rating by Bank of America given on Thursday, August 17. The price target is the price an analyst considers the stock will reach during their investment time horizon, which for most firms is 12 months. Citigroup maintained the shares of GM in report on Monday, May 16 with "Buy" rating. (NYSE:MRK) has "Hold" rating given on Thursday, July 14 by Jefferies. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. Johnson Financial Group Inc holds 0.08% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 6,417 shares. Therefore 23% are positive. A month ago, analyst EPS consensus estimated earnings of US$1.04 per share. The price of BABA is now at a -12.83% to its one-year price target of 221.75. The firm has "Overweight" rating given on Monday, September 21 by JP Morgan.

When a company is able to grow consistently in terms of earnings at a high compound rate have the highest likelihood of creating value for its shareholders over time. The company has a market capitalization of $484,190.00, a P/E ratio of 46.26, a PEG ratio of 1.57 and a beta of 2.58. Credit Suisse maintained the stock with "Outperform" rating in Tuesday, February 13 report. Coldstream Capital Management Inc. raised its position in Alibaba Group by 39.8% during the third quarter. (NYSE:MRK) on Monday, July 18 to "Market Perform" rating. Wolfe Research maintained the stock with "Outperform" rating in Thursday, October 29 report. The stock of Apartment Investment and Management Company (NYSE:AIV) has "Neutral" rating given on Thursday, June 2 by SunTrust.

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