Harbour Investments Inc. Reduces Position in Alibaba Group Holding Limited (NYSE:BABA)

Harbour Investments Inc. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,453 shares of the specialty retailer’s stock after selling 180 shares during the quarter. Harbour Investments Inc.’s holdings in Alibaba Group were worth $366,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BABA. US Bancorp DE grew its holdings in shares of Alibaba Group by 12.2% during the first quarter. US Bancorp DE now owns 30,414 shares of the specialty retailer’s stock worth $2,201,000 after buying an additional 3,305 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Alibaba Group by 53.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 28,517 shares of the specialty retailer’s stock worth $2,063,000 after purchasing an additional 9,899 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Alibaba Group by 9.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,112 shares of the specialty retailer’s stock worth $13,582,000 after purchasing an additional 16,553 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Alibaba Group in the first quarter valued at $312,000. Finally, Jacobi Capital Management LLC increased its stake in Alibaba Group by 62.9% in the first quarter. Jacobi Capital Management LLC now owns 5,397 shares of the specialty retailer’s stock valued at $391,000 after purchasing an additional 2,084 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Down 2.2 %

NYSE BABA opened at $88.59 on Friday. The company’s fifty day moving average price is $98.18 and its two-hundred day moving average price is $85.56. The company has a market capitalization of $212.12 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 0.41 and a beta of 0.35. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. During the same period in the previous year, the company earned $2.47 earnings per share. Alibaba Group’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts predict that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BABA. Benchmark reissued a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Robert W. Baird raised their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Sanford C. Bernstein upped their target price on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Finally, Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $114.53.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.