Markston International LLC Lowers Holdings in Alibaba Group Holding Limited (BABA)

Markston International LLC lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 10,382 shares of the specialty retailer’s stock after selling 755 shares during the quarter. Markston International LLC’s holdings in Alibaba Group Holding Limited were worth $1,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Shine Investment Advisory Services Inc. acquired a new position in shares of Alibaba Group Holding Limited in the 2nd quarter valued at about $102,000. First Eagle Investment Management LLC acquired a new position in shares of Alibaba Group Holding Limited in the 3rd quarter valued at about $104,000. Lee Financial Co lifted its holdings in shares of Alibaba Group Holding Limited by 45.5% in the 2nd quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares during the period. Winch Advisory Services LLC lifted its holdings in shares of Alibaba Group Holding Limited by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Alibaba Group Holding Limited in the 2nd quarter valued at about $116,000. 37.47% of the stock is owned by institutional investors.

Alibaba Group Holding Limited (BABA) traded up $4.13 during trading hours on Thursday, reaching $185.61. The company’s stock had a trading volume of 7,055,289 shares, compared to its average volume of 14,844,616. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.22. The firm has a market capitalization of $475,580.00, a PE ratio of 52.85, a price-to-earnings-growth ratio of 1.37 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. equities analysts predict that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on BABA shares. Macquarie reissued a “buy” rating and issued a $245.00 price objective on shares of Alibaba Group Holding Limited in a report on Monday, October 16th. They noted that the move was a valuation call. Vetr raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $180.41 price objective for the company in a report on Monday, August 28th. Stifel Nicolaus boosted their price objective on Alibaba Group Holding Limited from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, August 21st. Barclays PLC boosted their price objective on Alibaba Group Holding Limited from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 31st. Finally, BidaskClub cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $184.45.

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Alibaba Group Holding Limited Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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