Blue Trust Inc. Sells 557 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Blue Trust Inc. lessened its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,346 shares of the specialty retailer’s stock after selling 557 shares during the period. Blue Trust Inc.’s holdings in Alibaba Group were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. AMF Tjanstepension AB increased its position in Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after purchasing an additional 178,999 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Alibaba Group by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 139 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Alibaba Group by 66.6% in the third quarter. Global Retirement Partners LLC now owns 3,978 shares of the specialty retailer’s stock valued at $422,000 after purchasing an additional 1,590 shares during the period. Bleakley Financial Group LLC raised its position in shares of Alibaba Group by 6.5% during the third quarter. Bleakley Financial Group LLC now owns 11,056 shares of the specialty retailer’s stock worth $1,173,000 after acquiring an additional 673 shares during the last quarter. Finally, Secure Asset Management LLC bought a new stake in Alibaba Group in the third quarter valued at approximately $218,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $124.73 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $126.80. The firm has a market capitalization of $296.71 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The firm has a 50 day moving average of $91.25 and a 200 day moving average of $91.02.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. On average, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Ratings Changes

BABA has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird boosted their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Barclays cut their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.86.

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.