Private Trust Co. NA cut its position in Alibaba Group Holding Ltd (NYSE:BABA) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,816 shares of the specialty retailer’s stock after selling 260 shares during the quarter. Private Trust Co. NA’s holdings in Alibaba Group were worth $1,709,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado grew its stake in shares of Alibaba Group by 5.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 350,900 shares of the specialty retailer’s stock valued at $68,243,000 after buying an additional 18,000 shares in the last quarter. Crewe Advisors LLC bought a new position in Alibaba Group during the second quarter worth $212,000. BOKF NA boosted its position in Alibaba Group by 21.0% during the first quarter. BOKF NA now owns 22,385 shares of the specialty retailer’s stock worth $4,354,000 after purchasing an additional 3,892 shares during the period. WFA of San Diego LLC bought a new position in Alibaba Group during the second quarter worth $261,000. Finally, Captrust Financial Advisors boosted its position in Alibaba Group by 10.8% during the second quarter. Captrust Financial Advisors now owns 34,966 shares of the specialty retailer’s stock worth $7,551,000 after purchasing an additional 3,414 shares during the period. 46.02% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE BABA opened at $290.05 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.13. The company has a market cap of $795.40 billion, a price-to-earnings ratio of 46.15, a PEG ratio of 2.28 and a beta of 1.50. Alibaba Group Holding Ltd has a 12 month low of $161.68 and a 12 month high of $299.00. The stock has a 50-day moving average price of $273.96 and a two-hundred day moving average price of $230.93.
Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 20th. The specialty retailer reported $14.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $13.28. The firm had revenue of $153.75 billion during the quarter, compared to the consensus estimate of $147.30 billion. Alibaba Group had a return on equity of 14.13% and a net margin of 31.96%. The business’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $12.55 earnings per share. On average, sell-side analysts predict that Alibaba Group Holding Ltd will post 7.48 earnings per share for the current year.
A number of equities analysts have commented on BABA shares. Benchmark lifted their price objective on shares of Alibaba Group from $290.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday. National Securities initiated coverage on shares of Alibaba Group in a research report on Monday, July 20th. They set a “buy” rating and a $290.00 price objective for the company. Bank of America boosted their target price on shares of Alibaba Group from $301.00 to $317.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Goldman Sachs Group reissued a “buy” rating and issued a $276.00 target price on shares of Alibaba Group in a research report on Tuesday, July 7th. Finally, Citigroup reissued a “buy” rating and issued a $316.00 target price on shares of Alibaba Group in a research report on Friday, July 10th. Three investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Alibaba Group currently has a consensus rating of “Buy” and an average price target of $286.09.
Alibaba Group Company 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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