Alibaba Group Hldg LTD (BABA) Shares Declined While Pictet Asset Management LTD Increased Stake by $23.94 Million

The stake In Alibaba Group Hldg Ltd (BABA) was increased held by Pictet Asset Management Ltd. According to 2018Q3 SEC form the reduction is 5.16%. 145,972 shares were bought by Pictet Asset Management Ltd as the company’s stock declined 3.15% with the market. The business services company reported $490.57M value for the 2018Q3. Now the institutional investor is holding 2.98 million shares, compared to the 2.83M from the previous quarter. $439.12 billion is Alibaba Group Hldg Ltd’s MC. BABA touched $169.4 during the last trading session after $0.69 change.Alibaba Group Holding Limited has volume of 8.66M shares. Since February 14, 2018 BABA has declined 13.21% and is downtrending. BABA underperformed by 13.21% the S&P 500.

Pictet Asset Management Ltd manages about $47.31 billion US Long portfolio. According to a filing the fund decreased its stake in Irobot Corp (NASDAQ:IRBT) by 257,896 shares to 662,072 shares, valued at $72.78M in 2018Q3. For a total of 2.20M shares it reduced its holding in Facebook Inc (NASDAQ:FB) by 71,166 shares in the quarter, and has cut its stake in Advanced Drain Sys Inc Del (NYSE:WMS).

For more Alibaba Group Holding Limited (NYSE:BABA) news published recently go to: Marketwatch.com, Streetinsider.com, Benzinga.com, Benzinga.com or Seekingalpha.com. The titles are as follows: “Alibaba, Baidu among Chinese tech stocks trading higher after Beijing announces economic-growth efforts – MarketWatch” published on January 15, 2019, “Alibaba (BABA) Tops Q4 EPS by 10c, Revenues Miss – StreetInsider.com” on January 30, 2019, “3 Catalysts That Make Alibaba (NYSE:BABA) A Top Mega-Cap Pick At MKM – Benzinga” with a publish date: January 25, 2019, “Earnings Scheduled For January 30, 2019 – Benzinga” and the last “Alibaba: Too Cheap Going Into Earnings – Seeking Alpha” with publication date: January 24, 2019.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

A total of 13 analysts rate Alibaba Group Holding (NYSE:BABA) as follows: 13 “Buy”, 0 “Hold” and 0 “Sell”. Š¢herefore 100% are bullish. (NYSE:BABA) has 18 ratings reports on 14 Feb 2019 according to StockzIntelligence. On Wednesday, October 10 the stock has “Overweight” rating by KeyBanc Capital Markets. The stock rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, August 24. On Friday, October 12 the stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given by Stifel Nicolaus. On Wednesday, October 10 Raymond James maintained Alibaba Group Holding Limited (NYSE:BABA) with “Strong Buy” rating. On Friday, August 24 the stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given by Argus Research. On Friday, August 24 the stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Nomura. On Friday, November 2 the rating was maintained by SunTrust with “Buy”. On Monday, November 5 the stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by KeyBanc Capital Markets. The stock rating was maintained by UBS with “Buy” on Monday, November 5. On Monday, November 26 the company was maintained by Jefferies.

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

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