Raymond James Trust N.A. Sells 1,861 Shares of Alibaba Group Holding Limited (NYSE:BABA)


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Raymond James Trust N.A. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 10.5% in the 4th quarter, HoldingsChannel reports. The firm owned 15,903 shares of the specialty retailer’s stock after selling 1,861 shares during the quarter. Raymond James Trust N.A.’s holdings in Alibaba Group were worth $3,701,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Claudia M.P. Batlle CRP R LLC acquired a new position in shares of Alibaba Group during the third quarter valued at about $25,000. Slow Capital Inc. acquired a new position in shares of Alibaba Group during the third quarter valued at about $26,000. CVA Family Office LLC acquired a new position in shares of Alibaba Group during the third quarter valued at about $29,000. Horan Capital Advisors LLC. acquired a new position in shares of Alibaba Group during the third quarter valued at about $29,000. Finally, Professional Financial Advisors LLC acquired a new position in shares of Alibaba Group during the third quarter valued at about $33,000. 40.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE BABA traded up $9.70 during midday trading on Wednesday, hitting $235.30. The company’s stock had a trading volume of 36,734,945 shares, compared to its average volume of 32,861,164. The stock has a fifty day moving average price of $250.24 and a 200 day moving average price of $266.70. Alibaba Group Holding Limited has a one year low of $169.95 and a one year high of $319.32. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $636.64 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 1.48 and a beta of 0.99.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, November 5th. The specialty retailer reported $17.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $16.28. The company had revenue of $155.06 billion for the quarter, compared to analyst estimates of $155 billion. Alibaba Group had a net margin of 22.56% and a return on equity of 12.74%. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $13.10 earnings per share. On average, equities research analysts predict that Alibaba Group Holding Limited will post 7.88 earnings per share for the current fiscal year.

BABA has been the topic of several analyst reports. Robert W. Baird boosted their price target on shares of Alibaba Group from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, September 30th. Stifel Nicolaus restated a “buy” rating and set a $330.00 price target on shares of Alibaba Group in a report on Tuesday, October 27th. Zacks Investment Research cut shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $280.00 price target on the stock. in a report on Thursday, November 12th. KeyCorp boosted their price target on shares of Alibaba Group from $330.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Finally, Oppenheimer boosted their price target on shares of Alibaba Group from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Monday, October 26th. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Alibaba Group has an average rating of “Buy” and a consensus price target of $317.39.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through 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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