Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,606 shares of the specialty retailer’s stock after selling 7,180 shares during the quarter. Blair William & Co. IL’s holdings in Alibaba Group were worth $11,381,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BABA. Qube Research & Technologies Ltd acquired a new position in shares of Alibaba Group during the 4th quarter worth approximately $26,790,000. abrdn plc raised its stake in Alibaba Group by 0.6% in the 4th quarter. abrdn plc now owns 215,512 shares of the specialty retailer’s stock valued at $25,601,000 after purchasing an additional 1,385 shares during the last quarter. Principal Financial Group Inc. raised its stake in Alibaba Group by 11.4% in the 4th quarter. Principal Financial Group Inc. now owns 2,887 shares of the specialty retailer’s stock valued at $343,000 after purchasing an additional 296 shares during the last quarter. Financial Counselors Inc. raised its stake in Alibaba Group by 8.6% in the 4th quarter. Financial Counselors Inc. now owns 2,905 shares of the specialty retailer’s stock valued at $345,000 after purchasing an additional 229 shares during the last quarter. Finally, Tredje AP fonden raised its stake in Alibaba Group by 81.8% in the 4th quarter. Tredje AP fonden now owns 8,000 shares of the specialty retailer’s stock valued at $950,000 after purchasing an additional 3,600 shares during the last quarter. 14.81% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

BABA stock opened at $89.52 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $237.06 billion, a P/E ratio of 49.73, a P/E/G ratio of 1.49 and a beta of 0.55. The business’s 50-day moving average is $99.06 and its two-hundred day moving average is $99.71. Alibaba Group Holding Limited has a 1 year low of $73.28 and a 1 year high of $182.09.

Alibaba Group (NYSE:BABAGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The specialty retailer reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.57. The company had revenue of $30.69 billion for the quarter, compared to analyst estimates of $31.15 billion. Alibaba Group had a return on equity of 10.03% and a net margin of 3.69%. Analysts anticipate that Alibaba Group Holding Limited will post 6.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the subject of several recent research reports. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $130.00 in a research note on Tuesday, July 19th. The Goldman Sachs Group upped their target price on Alibaba Group from $163.00 to $167.00 in a report on Monday, July 11th. Deutsche Bank Aktiengesellschaft upped their target price on Alibaba Group from $155.00 to $160.00 in a report on Monday, August 8th. HSBC dropped their target price on Alibaba Group from $146.00 to $141.00 and set a “buy” rating for the company in a report on Tuesday, July 5th. Finally, Bank of America dropped their target price on Alibaba Group from $162.00 to $155.00 and set a “buy” rating for the company in a report on Monday, August 1st. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $166.53.

About Alibaba Group

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Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, 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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