Tech

Hot Watch List- Alibaba Group Holding Limited (NYSE:BABA)

Hot Watch List- Alibaba Group Holding Limited (NYSE:BABA)

When beta is less/more than 1, it can be read that the stock is theoretically less/more volatile than the market. The institutional investor owned 84,500 shares of the specialty retailer's stock after selling 2,924,529 shares during the period. Timucuan Asset Management Inc who had been investing in Hexcel Corporation for a number of months, seems to be less bullish one the $6.06B market cap company. The stock increased 1.51% or $2.82 during the last trading session, reaching $190. About 35,077 shares traded. Acceleron Pharma Inc. (NASDAQ:XLRN) has declined 22.43% since March 9, 2017 and is downtrending. It has underperformed by 20.19% the S&P500.

Fang Zheng increased its stake in Alibaba Group Hldg Ltd (BABA) by 284.16% based on its latest 2017Q3 regulatory filing with the SEC. Coatue Management Llc bought 593,589 shares as the company's stock rose 22.58% with the market. The Pointstate Capital Lp holds 910,247 shares with $157.21M value, down from 1.37M last quarter. Keywise Capital Management Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $489.13B market cap company. The stock decreased 0.47% or $0.32 during the last trading session, reaching $67.43. 14,192,179 shares of the stock were exchanged, compared to its average volume of 21,321,617.

Shares of Alibaba Group Holding Ltd (NYSE BABA) opened at $189.14 on Friday. It has outperformed by 40.63% the S&P500.

Thomas White International Ltd, which manages about $2.28B and $572.21 million US Long portfolio, upped its stake in Wns Holdings Ltd Adr (NYSE:WNS) by 24,591 shares to 94,510 shares, valued at $3.45 million in 2017Q3, according to the filing. It also increased its holding in Dolby Laboratories Inc Com (NYSE:DLB) by 41,043 shares in the quarter, for a total of 1.21M shares, and has risen its stake in Comcast Corp New Cl A (NASDAQ:CMCSA).

It is down 0.00% since March 9, 2017 and is. Therefore 79% are positive.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. The firm has "Buy" rating given on Monday, June 26 by Oppenheimer. The firm has "Neutral" rating by Susquehanna given on Friday, November 13. Piper Jaffray maintained it with "Buy" rating and $120000 target in Wednesday, July 12 report. As per Monday, January 25, the company rating was maintained by Morgan Stanley. The firm has "Buy" rating by Cantor Fitzgerald given on Wednesday, August 12. The company was maintained on Friday, January 29 by Wedbush. SunTrust maintained it with "Buy" rating and $1190.0 target in Monday, October 2 report.

Investors sentiment increased to 0.96 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. 174.78 million shares or 1.13% less from 176.78 million shares in 2017Q2 were reported.

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Among new and sold out positions, 207 holders initiated new positions by a total of 8.81 million shares and 86 holders exited their positions by a total of 9.85 million shares. Fruth holds 0.38% of its portfolio in Helmerich & Payne, Inc. First Long Island Invsts Limited Company stated it has 0.05% in Altria Group, Inc. Legal General Public Limited Co invested in 0% or 58,393 shares. Quantitative Inv Management Limited Liability Corp reported 70,900 shares. Arizona State Retirement System holds 164,676 shares or 0.07% of its portfolio. Principal Finance Inc invested 0.02% of its portfolio in Trex Company, Inc.

Robinson Capital Management Llc holds 3.1% of its portfolio in Putnam Municipal Opportunities Trust for 547,264 shares. Welch & Forbes Ltd Liability Corporation accumulated 158,455 shares or 0.2% of the stock. 16,427 are owned by Green Square Cap Ltd Limited Liability Company. Stephens Ar stated it has 0.08% of its portfolio in Dollar General Corporation (NYSE:DG). After $0.91 actual earnings per share reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts 3.30% EPS growth.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 17. The specialty retailer reported $1.34 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.42 by ($0.08). BABA's profit will be $1.95 billion for 62.19 P/E if the $0.76 EPS becomes a reality. The hedge fund held 1.67 million shares of the major chemicals company at the end of 2017Q3, valued at $96.10M, down from 2.16M at the end of the previous reported quarter.

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 85% are positive.

Alibaba Group Holding Limited (BABA) is expected to post revenue of $74.06 Billion in the current quarter, according to consensus of 14 analysts. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, October 28. KeyCorp lifted their price objective on Alibaba Group from $210.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, January 26th. The firm has "Buy" rating given on Friday, February 2 by Needham. The Company operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 1st. Jefferies maintained the shares of BABA in report on Thursday, November 3 with "Buy" rating.


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