Bailard Inc. Sells 1,366 Shares of Alibaba Group Holding Ltd (NYSE:BABA)

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Bailard Inc. lowered its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 17.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,686 shares of the specialty retailer’s stock after selling 1,366 shares during the period. Bailard Inc.’s holdings in Alibaba Group were worth $1,118,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Polar Asset Management Partners Inc. raised its holdings in shares of Alibaba Group by 768.2% during the second quarter. Polar Asset Management Partners Inc. now owns 191,000 shares of the specialty retailer’s stock valued at $32,365,000 after acquiring an additional 169,000 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Alibaba Group during the second quarter valued at approximately $215,000. Edge Capital Group LLC raised its holdings in shares of Alibaba Group by 23.0% during the second quarter. Edge Capital Group LLC now owns 2,800 shares of the specialty retailer’s stock valued at $474,000 after acquiring an additional 523 shares in the last quarter. Berkshire Capital Holdings Inc. raised its holdings in shares of Alibaba Group by 791,300.0% during the second quarter. Berkshire Capital Holdings Inc. now owns 79,140 shares of the specialty retailer’s stock valued at $13,410,000 after acquiring an additional 79,130 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Alibaba Group by 1.8% during the second quarter. KBC Group NV now owns 752,236 shares of the specialty retailer’s stock valued at $127,467,000 after acquiring an additional 13,553 shares in the last quarter. Hedge funds and other institutional investors own 43.44% of the company’s stock.

NYSE BABA opened at $169.13 on Monday. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72. The stock has a market cap of $449.98 billion, a P/E ratio of 37.39, a P/E/G ratio of 1.09 and a beta of 2.27. The stock’s fifty day moving average price is $173.65 and its 200-day moving average price is $171.93. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.32. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The firm had revenue of $114.92 billion for the quarter, compared to analysts’ expectations of $111.65 billion. During the same period in the prior year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. As a group, analysts forecast that Alibaba Group Holding Ltd will post 5.73 earnings per share for the current fiscal year.

Several brokerages recently weighed in on BABA. Bank of America set a $233.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada set a $210.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Jefferies Financial Group began coverage on Alibaba Group in a research note on Monday, August 5th. They issued a “buy” rating and a $216.00 price target on the stock. HSBC upped their price target on Alibaba Group from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, ValuEngine cut Alibaba Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-three have given a buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and an average target price of $223.48.

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

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