Charter Trust Company increased its stake in Alibaba Group Holding Ltdadr (BABA) by 142.16% based on its latest 2019Q1 regulatory filing with the SEC. Charter Trust Company bought 3,517 shares as the company’s stock declined 8.56% . The institutional investor held 5,991 shares of the business services company at the end of 2019Q1, valued at $1.09 million, up from 2,474 at the end of the previous reported quarter. Charter Trust Company who had been investing in Alibaba Group Holding Ltdadr for a number of months, seems to be bullish on the $419.18 billion market cap company. The stock decreased 2.81% or $4.65 during the last trading session, reaching $161. About 26.72M shares traded or 28.51% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has declined 6.34% since August 3, 2018 and is downtrending. It has underperformed by 6.34% the S&P500. Some Historical BABA News: 18/03/2018 – Alibaba: Lazada Chairwoman Lucy Peng Will Assume Additional Role of CEO; 26/04/2018 –

https://nbonews.com/alibaba-group-holding-ltdadr-baba-stake-held-by-charter-trust-company-penn-capital-management-co-stake-in-live-nation-lyv-cut-by-1-11-million/