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

May 16, 2018 - By Mary Kidd

In 2017Q4 SEC filling is reported Baillie Gifford & Company’s holdings in Alibaba Group Holding Sponsored Adr (BABA) which was reduced 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 44.72 million shares of the business services company held by the institutional investor were priced at $7.71B, down from 45.57M at the end of the previous reported quarter. $509.45B is Alibaba Group Holding Sponsored Adr’s market cap. The stock increased 0.84% or $1.66 during the last trading session, reaching $198.27.Alibaba Group Holding Limited has volume of 8.72 million 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. According to a filing the fund increased its stake in Microsoft (NASDAQ:MSFT) by 179,454 shares to 645,365 shares, valued at $55.21 million in 2017Q4. For a total of 414,049 shares it increased its holding in Heico ‘A’ (NYSE:HEI.A) by 83,783 shares in the quarter, and has risen its stake in Interactive Brokers Group (NASDAQ:IBKR).

Investors expect Alibaba Group Holding Limited (NYSE:BABA)’s quarterly earnings on August, 16., according to Faxor. Analysts forecast $1.16 earnings per share, which is $0.22 up or 23.40 % from 2017’s $0.94 earnings per share. BABA’s profit could reach $2.98B if the current earnings per share of $1.16 is accurate. Wall Street now forecasts 114.81 % EPS growth despite Alibaba Group Holding Limited last quarter’s EPS of $0.54.

For more Alibaba Group Holding Limited (NYSE:BABA) news announced briefly go to: Profitconfidential.com, Benzinga.com, Streetinsider.com, Livetradingnews.com or Finance.Yahoo.com. The titles are as follows: “The Indicator Suggesting That BABA Stock Is Primed for Higher Prices” announced on May 15, 2018, “Macy’s Q1 Earnings Report: What You Need To Know” on May 16, 2018, “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” with a publish date: May 15, 2018, “Alibaba Group Holding Limited (NYSE:BABA) Stock Overbought” and the last “Why You Should Buy Alibaba (BABA) Stock” with publication date: May 11, 2018.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

In total 16 analysts cover Alibaba Group (NYSE:BABA). “Buy” rating has 16, “Sell” are 0, while 0 are “Hold”. 100% are bullish. 23 are the (NYSE:BABA)’s analyst reports since November 30, 2017 according to StockzIntelligence Inc. The stock rating was maintained by Stifel Nicolaus with “Buy” on Monday, May 7. On Thursday, February 1 the stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Bank of America. On Friday, February 2 Needham maintained the shares of BABA in report with “Buy” rating. On Tuesday, March 6 the firm has “Buy” rating given by Oppenheimer. On Friday, February 2 the firm has “Buy” rating given by KeyBanc Capital Markets. In Tuesday, April 10 report KeyBanc Capital Markets maintained the stock with “Overweight” rating. On Monday, February 5 the stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given by Bernstein. On Monday, May 7 the stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Bank of America. On Thursday, February 1 Robert W. Baird maintained the shares of BABA in report with “Buy” rating. On Thursday, January 25 the stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given by China Renaissance Securities (US) Inc..

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

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