PNC Financial Services Group Inc. Has $5.40 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

PNC Financial Services Group Inc. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA – Get Rating) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,312 shares of the specialty retailer’s stock after selling 13,202 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Alibaba Group were worth $5,401,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Merit Financial Group LLC increased its position in shares of Alibaba Group by 2.1% during the fourth quarter. Merit Financial Group LLC now owns 4,269 shares of the specialty retailer’s stock worth $376,000 after buying an additional 86 shares during the period. Pariax LLC raised its position in shares of Alibaba Group by 0.3% in the 4th quarter. Pariax LLC now owns 30,255 shares of the specialty retailer’s stock worth $2,665,000 after acquiring an additional 98 shares in the last quarter. WNY Asset Management LLC lifted its stake in shares of Alibaba Group by 1.9% in the 4th quarter. WNY Asset Management LLC now owns 5,298 shares of the specialty retailer’s stock valued at $467,000 after purchasing an additional 100 shares during the period. Ulland Investment Advisors LLC boosted its position in shares of Alibaba Group by 54.1% during the 4th quarter. Ulland Investment Advisors LLC now owns 285 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Finally, Sargent Bickham Lagudis LLC grew its stake in Alibaba Group by 20.9% during the fourth quarter. Sargent Bickham Lagudis LLC now owns 624 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 108 shares during the period. 13.86% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

BABA opened at $78.78 on Friday. Alibaba Group Holding Limited has a 1 year low of $58.01 and a 1 year high of $125.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.81 and a quick ratio of 1.74. The company has a market capitalization of $208.62 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 0.90 and a beta of 0.65. The firm’s fifty day moving average price is $89.41 and its two-hundred day moving average price is $92.42.

Alibaba Group (NYSE:BABA – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The specialty retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.55. Alibaba Group had a net margin of 8.50% and a return on equity of 10.79%. The business had revenue of $35.92 billion during the quarter, compared to the consensus estimate of $35.36 billion. As a group, analysts anticipate that Alibaba Group Holding Limited will post 6.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BABA shares. Robert W. Baird cut their price target on Alibaba Group from $120.00 to $115.00 in a report on Friday, May 19th. Citigroup reduced their price target on shares of Alibaba Group from $154.00 to $144.00 in a report on Friday, May 19th. Susquehanna dropped their price objective on shares of Alibaba Group from $175.00 to $160.00 in a report on Tuesday. Mizuho reduced their target price on Alibaba Group from $155.00 to $145.00 in a research note on Tuesday, May 9th. Finally, Loop Capital dropped their price target on Alibaba Group from $135.00 to $130.00 in a research note on Wednesday, May 10th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Buy” and a consensus target price of $143.69.

About Alibaba Group

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Alibaba Group Holding Ltd. engages in providing technology infrastructure and marketing reach. It operates through the following business segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.