Global Retirement Partners LLC trimmed its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,563 shares of the specialty retailer’s stock after selling 359 shares during the quarter. Global Retirement Partners LLC’s holdings in Alibaba Group were worth $422,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. boosted its position in shares of Alibaba Group by 195.1% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 400 shares in the last quarter. Stelac Advisory Services LLC acquired a new position in shares of Alibaba Group during the 2nd quarter worth about $116,000. Clarus Wealth Advisors acquired a new position in shares of Alibaba Group during the 2nd quarter worth about $125,000. American National Bank lifted its holdings in shares of Alibaba Group by 55.8% in the 2nd quarter. American National Bank now owns 796 shares of the specialty retailer’s stock valued at $148,000 after purchasing an additional 285 shares during the last quarter. Finally, Trilogy Capital Inc. purchased a new stake in shares of Alibaba Group in the 1st quarter valued at about $159,000. 38.67% of the stock is owned by hedge funds and other institutional investors.
BABA opened at $142.02 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. The company has a market cap of $379.41 billion, a price-to-earnings ratio of 41.61, a P/E/G ratio of 1.15 and a beta of 2.41. Alibaba Group Holding Ltd has a 52 week low of $135.14 and a 52 week high of $211.70.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 23rd. The specialty retailer reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). The company had revenue of $12.23 billion for the quarter, compared to analysts’ expectations of $12.25 billion. Alibaba Group had a net margin of 20.57% and a return on equity of 14.18%. On average, equities research analysts expect that Alibaba Group Holding Ltd will post 3.72 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the company. ValuEngine downgraded Alibaba Group from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $200.00 target price (down from $220.00) on shares of Alibaba Group in a report on Friday, October 12th. UBS Group reissued an “outperform” rating and issued a $210.00 target price (down from $230.00) on shares of Alibaba Group in a report on Thursday. Zacks Investment Research downgraded Alibaba Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, Jefferies Financial Group set a $208.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $222.48.
Alibaba Group Company Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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