Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Cwm LLC

Cwm LLC cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 17.5% during the third quarter, HoldingsChannel.com reports. The fund owned 11,044 shares of the specialty retailer’s stock after selling 2,348 shares during the period. Cwm LLC’s holdings in Alibaba Group were worth $1,172,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BABA. EP Wealth Advisors LLC grew its position in shares of Alibaba Group by 16.4% in the fourth quarter. EP Wealth Advisors LLC now owns 5,314 shares of the specialty retailer’s stock valued at $412,000 after purchasing an additional 749 shares in the last quarter. Wellington Management Group LLP boosted its stake in Alibaba Group by 1.2% during the fourth quarter. Wellington Management Group LLP now owns 2,181,498 shares of the specialty retailer’s stock worth $169,088,000 after buying an additional 25,054 shares during the last quarter. SageView Advisory Group LLC boosted its stake in Alibaba Group by 135.3% during the fourth quarter. SageView Advisory Group LLC now owns 7,536 shares of the specialty retailer’s stock worth $545,000 after buying an additional 4,333 shares during the last quarter. NBC Securities Inc. increased its stake in shares of Alibaba Group by 9.3% in the 1st quarter. NBC Securities Inc. now owns 6,501 shares of the specialty retailer’s stock worth $471,000 after acquiring an additional 553 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in shares of Alibaba Group by 8.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 45,814 shares of the specialty retailer’s stock worth $3,316,000 after acquiring an additional 3,616 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.3 %

Shares of BABA stock opened at $102.18 on Thursday. The stock has a market capitalization of $259.28 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The company has a 50 day moving average price of $91.46 and a 200 day moving average price of $81.84.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BABA. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Susquehanna reduced their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Sanford C. Bernstein lifted their target price on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $116.00 price target on shares of Alibaba Group in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.63.

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.