Private Trust Co. NA Has $354,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Private Trust Co. NA lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 54.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,336 shares of the specialty retailer’s stock after selling 4,017 shares during the quarter. Private Trust Co. NA’s holdings in Alibaba Group were worth $354,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Generate Investment Management Ltd bought a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $12,656,000. SRN Advisors LLC increased its stake in shares of Alibaba Group by 76.7% in the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after purchasing an additional 9,663 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Alibaba Group by 63.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after buying an additional 11,192 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Alibaba Group by 6.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after buying an additional 50,000 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after acquiring an additional 266,361 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird raised their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Sanford C. Bernstein upped their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, August 16th. Morgan Stanley restated an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. Bank of America increased their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Trading Up 1.7 %

BABA opened at $86.60 on Thursday. The stock has a market cap of $207.21 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 0.42 and a beta of 0.35. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company has a fifty day moving average of $98.51 and a 200-day moving average of $86.01.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the business posted $1.82 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

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.