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Alibaba Group Hldg LTD (BABA) Holder Target Asset Management Pte LTD Has Cut Position; Reilly Financial Advisors Has Trimmed Stake in Alibaba Group Hldg LTD (BABA) by $4.52 Million

Reilly Financial Advisors Llc decreased its stake in Alibaba Group Hldg Ltd (BABA) by 29.56% based on its latest 2017Q3 regulatory filing with the SEC. Reilly Financial Advisors Llc sold 26,270 shares as the company’s stock rose 22.58% with the market. The institutional investor held 62,601 shares of the business services company at the end of 2017Q3, valued at $10.81M, down from 88,871 at the end of the previous reported quarter. Reilly Financial Advisors Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $470.95B market cap company. The stock decreased 0.46% or $0.855 during the last trading session, reaching $183.545. About 12.01M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 19, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Target Asset Management Pte Ltd decreased its stake in Alibaba Group Hldg Ltd (BABA) by 28.75% based on its latest 2017Q3 regulatory filing with the SEC. Target Asset Management Pte Ltd sold 50,000 shares as the company’s stock rose 22.58% with the market. The institutional investor held 123,900 shares of the business services company at the end of 2017Q3, valued at $21.40 million, down from 173,900 at the end of the previous reported quarter. Target Asset Management Pte Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $470.95 billion market cap company. The stock decreased 0.46% or $0.855 during the last trading session, reaching $183.545. About 12.01M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 19, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Reilly Financial Advisors Llc, which manages about $679.11M and $667.21 million US Long portfolio, upped its stake in Pimco Etf Tr (MINT) by 8,565 shares to 148,574 shares, valued at $15.13 million in 2017Q3, according to the filing.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on January, 23. They expect $1.45 earnings per share, up 33.03% or $0.36 from last year’s $1.09 per share. BABA’s profit will be $3.72B for 31.65 P/E if the $1.45 EPS becomes a reality. After $1.02 actual earnings per share reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 42.16% EPS growth.

Among 37 analysts covering Alibaba (NYSE:BABA), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 158 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Sunday, June 11 by Bank of America. The stock has “Buy” rating by Vetr on Thursday, August 13. The rating was maintained by TH Capital with “Hold” on Friday, August 14. Oppenheimer maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, September 17. Oppenheimer has “Outperform” rating and $85 target. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, September 9. The rating was reinitiated by Morgan Stanley on Thursday, December 8 with “Overweight”. Nomura maintained it with “Buy” rating and $137 target in Wednesday, August 12 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Axiom Capital on Wednesday, October 28. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, June 8 report. The rating was maintained by Jefferies on Thursday, July 13 with “Buy”.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on January, 23. They expect $1.45 EPS, up 33.03% or $0.36 from last year’s $1.09 per share. BABA’s profit will be $3.72 billion for 31.65 P/E if the $1.45 EPS becomes a reality. After $1.02 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 42.16% EPS growth.

Among 37 analysts covering Alibaba (NYSE:BABA), 35 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 158 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 23 by M Partners. Stifel Nicolaus maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, September 10. Stifel Nicolaus has “Buy” rating and $88 target. Brean Capital maintained it with “Buy” rating and $115 target in Thursday, November 3 report. Bank of America maintained the shares of BABA in report on Thursday, August 17 with “Buy” rating. Standpoint Research initiated the shares of BABA in report on Monday, August 24 with “Buy” rating. The firm has “Outperform” rating given on Thursday, September 17 by Oppenheimer. On Thursday, October 20 the stock rating was maintained by Needham with “Buy”. The firm has “Buy” rating given on Friday, November 3 by Needham. On Thursday, September 21 the stock rating was maintained by Robert W. Baird with “Buy”. On Friday, August 18 the stock rating was maintained by RBC Capital Markets with “Outperform”.

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