Baillie Gifford & Company Stake in Alibaba Group Holding Sponsored Adr (BABA) Decreased as Shares Rose

May 16, 2018 - By Mary Markley

In 2017Q4 Securities and Exchange form is reported Baillie Gifford & Company’s stake in Alibaba Group Holding Sponsored Adr (BABA) which was decreased by 1.88%. The company’s stock rose 3.18% while stock markets declined as Baillie Gifford & Company sold 858,215 shares. At the end of 2017Q4, the institutional investor held 44.72 million shares of the business services company, priced at $7.71 billion, down from 45.57 million at the end of the previous reported quarter. $509.45B is Alibaba Group Holding Sponsored Adr’s market cap. Ticker’s shares touched $198.27 during the last trading session after 0.84% change.Alibaba Group Holding Limited has volume of 8.72M shares. Since May 16, 2017 BABA has risen 68.29% and is uptrending. BABA outperformed by 56.74% the S&P 500.

About $80.43B US Long portfolio Baillie Gifford & Company operates. It rose its stake in Redfin by 383,204 shares to 998,660 shares, valued at $31.28M in 2017Q4, according to the filing. For a total of 3.24M shares it increased its holding in Marketaxess Holdings (NASDAQ:MKTX) by 523,737 shares in the quarter, and has risen its stake in Celgene (NASDAQ:CELG).

Alibaba Group Holding Limited (NYSE:BABA)’s earnings report is anticipated by WallStreet on August, 16, as reported by RTT. This year’s earnings per share analyst estimate is anticipated to be $1.16. That is 23.40 % up compareed to $0.94 earnings per share for last year. BABA’s profit could reach $2.98 billion with 42.73 P/E in case $1.16 earnings per share is announced. 114.81 % EPS growth is what Wall Street’s sees after $0.54 reported EPS previous quarter.

For more Alibaba Group Holding Limited (NYSE:BABA) news released briefly go to: 247Wallst.com, Profitconfidential.com, Livetradingnews.com, Finance.Yahoo.com or Investorplace.com. The titles are as follows: “Why Alibaba Earnings Might Have Nowhere to Go but Up” released on May 04, 2018, “CGC Stock: Canopy Growth to List on NYSE, Enter US Market Before June” on May 16, 2018, “Alibaba Group Holding Limited (NYSE:BABA) Stock Consolidating” with a publish date: May 14, 2018, “Why You Should Buy Alibaba (BABA) Stock” and the last “5 Top Stock Trades for Wednesday Morning” with publication date: May 15, 2018.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Total analysts of 16 have positions in Alibaba Group (NYSE:BABA) as follows: 16 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since November 30, 2017 according to StockzIntelligence Inc Alibaba Group has 23 analyst reports. On Tuesday, April 10 KeyBanc Capital Markets maintained Alibaba Group Holding Limited (NYSE:BABA) with “Overweight” rating. In Friday, February 2 report Needham maintained the stock with “Buy” rating. On Friday, February 2 the rating was maintained by KeyBanc Capital Markets with “Buy”. On Monday, May 7 KeyBanc Capital Markets maintained Alibaba Group Holding Limited (NYSE:BABA) rating. KeyBanc Capital Markets has “Overweight” rating and $235 target. The stock rating was maintained by Stifel Nicolaus with “Buy” on Monday, May 7. On Monday, January 29 Morgan Stanley maintained the shares of BABA in report with “Buy” rating. In Wednesday, March 14 report Robert W. Baird maintained the stock with “Buy” rating. On Friday, February 2 the stock has “Buy” rating by Jefferies. On Tuesday, March 6 the stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given by Oppenheimer. The stock rating was maintained by Bernstein with “Buy” on Monday, February 5.

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

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