Alibaba Group Holding LTD (BABA) Stock Price Rose While Bnp Paribas Arbitrage Sa Cut Stake by $758.16 Billion

July 27, 2018 - By Megan Stone

Bnp Paribas Arbitrage Sa decreased its stake in Alibaba Group Holding Ltd (BABA) by 73.99% based on its latest 2018Q1 regulatory filing with the SEC. Bnp Paribas Arbitrage Sa sold 4.13M shares as the company’s stock rose 2.58% while stock markets declined. The institutional investor held 1.45M shares of the business services company at the end of 2018Q1, valued at $266.48 billion, down from 5.58 million at the end of the previous reported quarter. Bnp Paribas Arbitrage Sa who had been investing in Alibaba Group Holding Ltd for a number of months, seems to be less bullish one the $498.94 billion market cap company. The stock decreased 1.92% or $3.8 during the last trading session, reaching $194.18. About 13.89M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 61.13% since July 27, 2017 and is uptrending. It has outperformed by 48.56% the S&P500.

Bnp Paribas Arbitrage Sa, which manages about $53396.22 billion US Long portfolio, upped its stake in Global Payments Inc (NYSE:GPN) by 58,465 shares to 133,259 shares, valued at $14.86B in 2018Q1, according to the filing. It also increased its holding in Southwestern Energy Co (NYSE:SWN) by 100,534 shares in the quarter, for a total of 178,334 shares, and has risen its stake in Nci Building Systems Inc (NYSE:NCS).

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on August, 16. They expect $0.86 earnings per share, down 8.51 % or $0.08 from last year’s $0.94 per share. BABA’s profit will be $2.21B for 56.45 P/E if the $0.86 EPS becomes a reality. After $0.54 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 59.26 % EPS growth.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Seekingalpha.com which released: “A Third Threat To Alibaba” on July 19, 2018, also Livetradingnews.com with their article: “Alibaba Group Holding Limited (NYSE:BABA) This dip is a buying opportunity” published on July 18, 2018, Fool.com published: “Alibaba’s Movie Business Dominates the Chinese Box Office” on July 27, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Investorplace.com and their article: “Big Gains Help Boost Alibaba’s Global Dominance” published on July 25, 2018 as well as Livetradingnews.com‘s news article titled: “Alibaba Group Holding Limited (NYSE:BABA) take advantage of major dips” with publication date: July 27, 2018.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Among 16 analysts covering Alibaba Group (NYSE:BABA), 16 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alibaba Group had 24 analyst reports since January 29, 2018 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Friday, May 4 report. The firm has “Buy” rating given on Monday, May 7 by Bank of America. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Monday, May 7 by Stifel Nicolaus. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Friday, February 2 by Needham. The company was maintained on Tuesday, March 6 by Oppenheimer. Susquehanna maintained Alibaba Group Holding Limited (NYSE:BABA) on Thursday, June 7 with “Buy” rating. As per Monday, May 7, the company rating was maintained by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, April 10 report. The stock has “Buy” rating by Bank of America on Thursday, February 1. As per Thursday, February 1, the company rating was maintained by Robert W. Baird.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Chart

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