As Alibaba Group Hldg LTD (BABA) Share Value Rose, Shareholder Tekne Capital Management LLC Has Trimmed Its Stake

April 23, 2018 - By Migdalia James

Beeneet Kothari decreased its stake in Alibaba Group Hldg Ltd (BABA) by 6.99% based on its latest 2017Q4 regulatory filing with the SEC. Tekne Capital Management Llc sold 20,600 shares as the company’s stock rose 3.18% while stock markets declined. The hedge fund run by Beeneet Kothari held 273,977 shares of the business services company at the end of 2017Q4, valued at $47.24 million, down from 294,577 at the end of the previous reported quarter. Tekne Capital Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $454.28 billion market cap company. The stock decreased 1.29% or $2.31 during the last trading session, reaching $176.8. About 3.96 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 23, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 4 before the open. They expect $0.71 earnings per share, up 82.05 % or $0.32 from last year’s $0.39 per share. BABA’s profit will be $1.82 billion for 62.25 P/E if the $0.71 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 -47.01 % negative EPS growth.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Among 17 analysts covering Alibaba Group Holding Ltd (NYSE:BABA), 17 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alibaba Group Holding Ltd has $250.0 highest and $190.0 lowest target. $224.87’s average target is 27.19% above currents $176.8 stock price. Alibaba Group Holding Ltd had 27 analyst reports since October 31, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 29 by Morgan Stanley. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Bank of America on Thursday, February 1. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, April 10. As per Friday, October 27, the company rating was maintained by Robert W. Baird. Needham maintained the shares of BABA in report on Friday, February 2 with “Buy” rating. The rating was maintained by RBC Capital Markets on Thursday, November 2 with “Buy”. The firm earned “Buy” rating on Thursday, November 2 by Robert W. Baird. KeyBanc Capital Markets maintained Alibaba Group Holding Limited (NYSE:BABA) on Thursday, January 25 with “Buy” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by KeyBanc Capital Markets on Friday, February 2. Robert W. Baird maintained the shares of BABA in report on Wednesday, March 14 with “Buy” rating.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Chart

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