Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,346 shares of the specialty retailer’s stock after selling 557 shares during the period. Blue Trust Inc.’s holdings in Alibaba Group were worth $1,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB boosted its stake in shares of Alibaba Group by 6.9% in the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after acquiring an additional 178,999 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in Alibaba Group by 4.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 139 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Alibaba Group by 66.6% during the third quarter. Global Retirement Partners LLC now owns 3,978 shares of the specialty retailer’s stock worth $422,000 after buying an additional 1,590 shares in the last quarter. Bleakley Financial Group LLC boosted its position in Alibaba Group by 6.5% during the third quarter. Bleakley Financial Group LLC now owns 11,056 shares of the specialty retailer’s stock worth $1,173,000 after acquiring an additional 673 shares during the last quarter. Finally, Secure Asset Management LLC purchased a new stake in Alibaba Group during the 3rd quarter valued at about $218,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Shares of BABA opened at $124.73 on Friday. The company’s 50 day simple moving average is $91.25 and its 200-day simple moving average is $91.02. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $126.80. The firm has a market cap of $296.71 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BABA shares. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Robert W. Baird boosted their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Barclays dropped their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.86.

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.