Flowering Tree Investment Management Pte LTD Raised Alibaba Gropu Hldg LTD (BABA) Stake by $9.98 Million; Stock Value Rose

September 17, 2017 - By Marguerite Chambers

Flowering Tree Investment Management Pte Ltd increased its stake in Alibaba Gropu Hldg Ltd (BABA) by 49.73% based on its latest 2016Q4 regulatory filing with the SEC. Flowering Tree Investment Management Pte Ltd bought 114,728 shares as the company’s stock rose 22.58% with the market. The institutional investor held 345,443 shares of the business services company at the end of 2016Q4, valued at $30.33M, up from 230,715 at the end of the previous reported quarter. Flowering Tree Investment Management Pte Ltd who had been investing in Alibaba Gropu Hldg Ltd for a number of months, seems to be bullish on the $452.56B market cap company. The stock decreased 0.23% or $0.4 on September 15, reaching $176.7. About 26.57 million shares traded or 31.08% up from the average. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since September 17, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

More notable recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Investorplace.com which released: “Why Alibaba Group Holding Ltd (BABA) Stock Will Reach $200” on September 06, 2017, also Reuters.com with their article: “Mexico signs e-commerce deal with China’s Alibaba Group” published on September 06, 2017, Seekingalpha.com published: “Alibaba: Investing For Growth” on September 11, 2017. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Investorplace.com and their article: “Alibaba Group Holding Ltd (BABA) Stock Is a Screaming Buy” published on August 18, 2017 as well as Seekingalpha.com‘s news article titled: “Alibaba launches face ID for package pickups” with publication date: September 15, 2017.

Alibaba Group Holding Ltd (NYSE:BABA) Ratings Coverage

Among 34 analysts covering Alibaba (NYSE:BABA), 32 have Buy rating, 1 Sell and 1 Hold. Therefore 94% are positive. Alibaba has $220 highest and $75 lowest target. $146.64’s average target is -17.01% below currents $176.7 stock price. Alibaba had 133 analyst reports since August 12, 2015 according to SRatingsIntel. M Partners maintained the shares of BABA in report on Wednesday, August 23 with “Buy” rating. Nomura maintained it with “Buy” rating and $137 target in Wednesday, August 12 report. The firm earned “Outperform” rating on Wednesday, October 28 by Oppenheimer. Raymond James upgraded the stock to “Strong Buy” rating in Friday, August 12 report. Bank of America maintained the shares of BABA in report on Thursday, August 17 with “Buy” rating. Suntrust Robinson maintained the shares of BABA in report on Friday, August 12 with “Buy” rating. The rating was maintained by M Partners on Wednesday, April 19 with “Buy”. The firm has “Hold” rating by Standpoint Research given on Thursday, October 29. The rating was maintained by Wedbush on Wednesday, January 25 with “Neutral”. Standpoint Research downgraded the shares of BABA in report on Thursday, April 20 to “Reduce” rating.

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