Ubs Global Asset Management Americas INC Increased Position in Alibaba Group Holding LTD (BABA) as Market Valuation Rose

November 15, 2017 - By Michael Collier

Ubs Global Asset Management Americas Inc increased its stake in Alibaba Group Holding Ltd (BABA) by 5.4% based on its latest 2017Q2 regulatory filing with the SEC. Ubs Global Asset Management Americas Inc bought 626,446 shares as the company’s stock rose 22.58% with the market. The institutional investor held 12.23 million shares of the business services company at the end of 2017Q2, valued at $1723.77 billion, up from 11.61 million at the end of the previous reported quarter. Ubs Global Asset Management Americas Inc who had been investing in Alibaba Group Holding Ltd for a number of months, seems to be bullish on the $462.77B market cap company. The stock declined 0.61% or $1.1 reaching $180.69 on the news. About 6.49M shares traded. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since November 15, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Ubs Global Asset Management Americas Inc, which manages about $103.35B US Long portfolio, decreased its stake in Cbl &#38 Associates Properties (NYSE:CBL) by 3,238 shares to 384,802 shares, valued at $3.24 billion in 2017Q2, according to the filing. It also reduced its holding in Nordstrom Inc (NYSE:JWN) by 1,012 shares in the quarter, leaving it with 598,995 shares, and cut its stake in Omnicell Inc (NASDAQ:OMCL).

More notable recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Investorplace.com which released: “This Is How Big 2017’s Singles Day Could Be for Alibaba Group Holding Ltd” on November 10, 2017, also Investorplace.com with their article: “Tuesday’s Vital Data: Alibaba Group Holding Ltd (BABA), Teva Pharmaceutical …” published on November 07, 2017, Finance.Yahoo.com published: “Alibaba Group Holding Ltd (BABA) Nailed It Again; Top Analyst Reiterates Buy” on November 02, 2017. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Investorplace.com and their article: “Monday’s Vital Data: Nvidia Corporation (NVDA), JD.Com Inc (ADR) (JD) and …” published on November 13, 2017 as well as Investorplace.com‘s news article titled: “What to Expect From Alibaba Group Holding Ltd Stock Earnings” with publication date: November 02, 2017.

Alibaba Group Holding Ltd (NYSE:BABA) Ratings Coverage

Among 35 analysts covering Alibaba (NYSE:BABA), 33 have Buy rating, 1 Sell and 1 Hold. Therefore 94% are positive. Alibaba had 153 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has “Outperform” rating given on Friday, August 12 by RBC Capital Markets. KeyBanc Capital Markets maintained Alibaba Group Holding Ltd (NYSE:BABA) on Thursday, October 19 with “Buy” rating. Axiom Capital maintained the shares of BABA in report on Thursday, August 13 with “Buy” rating. The firm has “Buy” rating by Deutsche Bank given on Monday, April 25. Credit Suisse maintained Alibaba Group Holding Ltd (NYSE:BABA) on Friday, August 12 with “Outperform” rating. The rating was maintained by SunTrust on Friday, August 18 with “Buy”. The rating was maintained by M Partners with “Buy” on Wednesday, April 19. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Buy” rating by Axiom Capital on Monday, September 14. The company was maintained on Wednesday, August 23 by M Partners. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, October 28 report.

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