6,180 Alibaba Group Holding Limited $BABA Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 58.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,438 shares of the specialty retailer’s stock after selling 6,180 shares during the period. Kelleher Financial Advisors’ holdings in Alibaba Group were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Continuum Advisory LLC acquired a new stake in Alibaba Group in the second quarter valued at approximately $28,000. GK Wealth Management LLC acquired a new position in shares of Alibaba Group during the third quarter worth $32,000. Latitude Advisors LLC bought a new position in shares of Alibaba Group in the 3rd quarter valued at $43,000. Global Assets Advisory LLC bought a new position in shares of Alibaba Group in the 1st quarter valued at $56,000. Finally, Anchor Investment Management LLC lifted its stake in shares of Alibaba Group by 28.2% in the 1st quarter. Anchor Investment Management LLC now owns 545 shares of the specialty retailer’s stock valued at $68,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Insider Buying and Selling at Alibaba Group

In other Alibaba Group news, insider Fang Jiang sold 885,272 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $13.55, for a total value of $11,995,435.60. Following the sale, the insider owned 4,679,097 shares in the company, valued at approximately $63,401,764.35. The trade was a 15.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph C. Tsai purchased 720,000 shares of Alibaba Group stock in a transaction on Monday, August 24th. The stock was bought at an average price of $14.29 per share, for a total transaction of $10,288,800.00. Following the transaction, the director directly owned 114,979,168 shares in the company, valued at approximately $1,643,052,310.72. The trade was a 0.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 999,971 shares of company stock worth $13,563,304 over the last 90 days. Company insiders own 12.50% of the company’s stock.

Alibaba Group Trading Up 5.0%

Shares of NYSE BABA opened at $105.35 on Thursday. The firm has a 50 day moving average price of $108.65 and a two-hundred day moving average price of $125.60. The stock has a market cap of $262.08 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 1.31 and a beta of 0.44. Alibaba Group Holding Limited has a 52-week low of $91.99 and a 52-week high of $181.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.36 and a current ratio of 1.36.

Alibaba Group (NYSE:BABA – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The specialty retailer reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). Alibaba Group had a return on equity of 4.79% and a net margin of 7.00%. The business had revenue of $39.64 billion for the quarter, compared to analyst estimates of $39.52 billion. During the same quarter last year, the firm posted $14.75 EPS. Alibaba Group’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

BABA has been the topic of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a $192.00 price objective on shares of Alibaba Group in a report on Thursday, October 8th. Barclays upped their target price on Alibaba Group from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Susquehanna increased their target price on Alibaba Group from $185.00 to $190.00 and gave the company a “positive” rating in a research report on Friday, August 28th. HSBC set a $170.00 target price on Alibaba Group in a research report on Thursday, July 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $165.00 price target on shares of Alibaba Group in a research note on Monday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.89.

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Alibaba Group Company Profile

(Free Report)

Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates a broad digital ecosystem that connects consumers, merchants, brands and businesses through online marketplaces, technology platforms and related services.

The company’s China commerce businesses include Taobao, a consumer-focused marketplace, and Tmall, which enables brands and retailers to sell directly to consumers. Alibaba also operates 1688, a business-to-business wholesale marketplace.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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