Ngam Advisors LP Decreased Its Stake in Alibaba Group Hldg LTD (BABA) by $7.13 Million

October 2, 2018 - By Winifred Garcia

Ngam Advisors Lp decreased its stake in Alibaba Group Hldg Ltd (BABA) by 4.33% based on its latest 2018Q2 regulatory filing with the SEC. Ngam Advisors Lp sold 38,565 shares as the company’s stock declined 21.86% while stock markets rallied. The institutional investor held 852,020 shares of the business services company at the end of 2018Q2, valued at $158.08M, down from 890,585 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 $409.50B market cap company. The stock decreased 1.72% or $2.78 during the last trading session, reaching $159.22. About 1.12M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has declined 7.90% since October 2, 2017 and is downtrending. It has underperformed by 23.52% the S&P500.

Ngam Advisors Lp, which manages about $16.78B and $10.47B US Long portfolio, upped its stake in Cameco Corp (NYSE:CCJ) by 395,183 shares to 1.57 million shares, valued at $17.65 million in 2018Q2, according to the filing. It also increased its holding in Eversource Energy by 55,683 shares in the quarter, for a total of 83,611 shares, and has risen its stake in Schwab Charles Corp (NYSE:SCHW).

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on November, 1. They expect $1.04 earnings per share, up 1.96 % or $0.02 from last year’s $1.02 per share. BABA’s profit will be $2.67B for 38.27 P/E if the $1.04 EPS becomes a reality. After $0.66 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 57.58 % EPS growth.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Nasdaq.com which released: “Investors Are Starting to See Amazon.Com Stock at $3000 a Share” on October 02, 2018, also Livetradingnews.com with their article: “Alibaba Group Holding Limited (NYSE:BABA) could see recovery” published on October 02, 2018, Seekingalpha.com published: “Alibaba Group: Valuation Update, Part 2” on September 25, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Seekingalpha.com and their article: “Alibaba’s Shocking Price” published on September 24, 2018 as well as Seekingalpha.com‘s news article titled: “Alibaba: High Probability Trading” with publication date: September 13, 2018.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Among 15 analysts covering Alibaba Group Holding (NYSE:BABA), 15 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alibaba Group Holding had 22 analyst reports since April 10, 2018 according to SRatingsIntel. The company was maintained on Friday, August 24 by Robert W. Baird. UBS maintained Alibaba Group Holding Limited (NYSE:BABA) on Friday, August 24 with “Buy” rating. KeyBanc Capital Markets maintained the shares of BABA in report on Tuesday, April 10 with “Overweight” rating. The rating was maintained by KeyBanc Capital Markets on Monday, May 7 with “Overweight”. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Susquehanna on Thursday, June 7. JP Morgan maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Friday, August 24. JP Morgan has “Overweight” rating and $215 target. The stock has “Buy” rating by Argus Research on Friday, August 24. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Friday, April 27 by RBC Capital Markets. Robert W. Baird maintained the shares of BABA in report on Tuesday, May 29 with “Buy” rating. The firm has “Buy” rating by Nomura given on Friday, August 24.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>