Bokf Na Has $104,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Bokf Na decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 58.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,440 shares of the specialty retailer’s stock after selling 2,065 shares during the quarter. Bokf Na’s holdings in Alibaba Group were worth $104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Thornburg Investment Management Inc. raised its stake in shares of Alibaba Group by 58.0% in the 2nd quarter. Thornburg Investment Management Inc. now owns 475,205 shares of the specialty retailer’s stock valued at $34,215,000 after purchasing an additional 174,486 shares during the period. American Century Companies Inc. increased its position in shares of Alibaba Group by 0.7% in the second quarter. American Century Companies Inc. now owns 1,551,134 shares of the specialty retailer’s stock valued at $111,682,000 after acquiring an additional 11,487 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Alibaba Group by 3.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 65,439 shares of the specialty retailer’s stock valued at $4,712,000 after acquiring an additional 2,309 shares during the last quarter. Fore Capital LLC acquired a new stake in shares of Alibaba Group in the second quarter valued at about $1,008,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Alibaba Group in the second quarter valued at about $2,936,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.3 %

Shares of NYSE:BABA opened at $84.70 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $90.46. The business has a 50 day moving average of $80.25 and a 200-day moving average of $77.35. The stock has a market cap of $214.93 billion, a PE ratio of 19.74, a P/E/G ratio of 0.43 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same period in the previous year, the business earned $2.47 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on BABA shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Susquehanna reduced their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a report on Friday, August 23rd. Finally, Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.61.

Alibaba Group Profile

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.