Rathbones Group PLC Has $6.15 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Rathbones Group PLC trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,470 shares of the specialty retailer’s stock after selling 5,956 shares during the period. Rathbones Group PLC’s holdings in Alibaba Group were worth $6,154,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Primecap Management Co. CA lifted its position in Alibaba Group by 5.1% during the 4th quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock valued at $1,412,618,000 after purchasing an additional 881,710 shares during the period. Sanders Capital LLC lifted its holdings in Alibaba Group by 5.4% in the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock valued at $1,228,398,000 after buying an additional 819,019 shares during the period. FIL Ltd boosted its stake in Alibaba Group by 10.2% in the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after acquiring an additional 983,842 shares during the last quarter. H&H International Investment LLC grew its holdings in Alibaba Group by 63.1% during the 4th quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock worth $384,390,000 after acquiring an additional 1,918,730 shares during the period. Finally, Norges Bank bought a new stake in shares of Alibaba Group during the 4th quarter valued at $329,367,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Down 0.9 %

Shares of Alibaba Group stock opened at $84.69 on Monday. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $90.46. 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 business’s 50 day simple moving average is $79.86 and its 200 day simple moving average is $77.21. The firm has a market cap of $214.90 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 announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping 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 business had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the previous year, the firm posted $2.47 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts predict that Alibaba Group Holding Limited will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of analyst reports. Truist Financial decreased their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, August 16th. Morgan Stanley reissued an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Sanford C. Bernstein upped their target price on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $107.61.

Alibaba Group Company 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.