Newport Asia LLC Stake in Alibaba Group Holding (BABA) Decreased by $5.74 Million; Shares Rose

April 17, 2018 - By Andrea Pope

In 2017Q4 SEC form is reported Newport Asia Llc’s stake in Alibaba Group Holding (BABA) which was reduced by 2.92%. The company’s stock popped up 3.18% while Newport Asia Llc sold 33,400 shares. The business services company at the end of 2017Q4 was priced at $191.47 million. It’s down from 1.14 million at the end of the previous reported quarter. Now it had 1.11 million shares held by the institutional investor . For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 17. They expect $0.76 earnings per share, up 94.87 % or $0.37 from last year’s $0.39 per share. BABA’s profit will be $1.95B for 57.47 P/E if the $0.76 EPS becomes a reality. After $1.34 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts -43.28 % negative EPS growth.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Total analysts of 17 have positions in Alibaba Group (NYSE:BABA) as follows: 17 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $250.0 highest while $182.0 is the lowest [Target]. The average target $224.87 is 28.72% above the last ($174.7) price. Since October 19, 2017 according to StockzIntelligence Inc Alibaba Group has 29 analyst reports. On Monday, February 5 the company was maintained by Bernstein. On Monday, January 15 the firm earned “Buy” rating by Jefferies. The stock rating was maintained by China Renaissance Securities (US) Inc. with “Buy” on Thursday, January 25. On Friday, February 2 the stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Needham. On Friday, October 20 the firm earned “Buy” rating by SunTrust. On Thursday, February 1 Bank of America maintained Alibaba Group Holding Limited (NYSE:BABA) with “Buy” rating. On Friday, February 2 Raymond James maintained Alibaba Group Holding Limited (NYSE:BABA) rating. Raymond James has “Buy” rating and $240.0 target. On Thursday, November 2 the firm earned “Buy” rating by RBC Capital Markets. On Friday, October 27 the rating was maintained by Robert W. Baird with “Buy”. On Thursday, February 1 the firm has “Buy” rating given by Robert W. Baird.

Alibaba Group Holding Limited (NYSE:BABA) Analyst Ratings Chart

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