Alibaba Group Holding Ltd (BABA) Holdings Trimmed by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,484 shares of the specialty retailer’s stock after selling 1,766 shares during the quarter. Ingalls & Snyder LLC’s holdings in Alibaba Group were worth $6,808,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Capital Research Global Investors lifted its position in shares of Alibaba Group by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after acquiring an additional 738,281 shares during the period. FMR LLC lifted its position in shares of Alibaba Group by 42.5% in the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after acquiring an additional 7,544,165 shares during the period. Capital World Investors lifted its position in shares of Alibaba Group by 5.7% in the 2nd quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after acquiring an additional 1,091,620 shares during the period. Boussard & Gavaudan Investment Management LLP lifted its position in shares of Alibaba Group by 37.1% in the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after acquiring an additional 3,141,790 shares during the period. Finally, FIL Ltd lifted its position in shares of Alibaba Group by 3.3% in the 2nd quarter. FIL Ltd now owns 10,856,088 shares of the specialty retailer’s stock worth $1,529,623,000 after acquiring an additional 350,559 shares during the period. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Shares of Alibaba Group Holding Ltd (BABA) traded up $2.97 on Friday, reaching $176.67. The company’s stock had a trading volume of 28,049,543 shares, compared to its average volume of 23,200,000. The company has a market cap of $452,480.00, a price-to-earnings ratio of 43.20, a price-to-earnings-growth ratio of 1.43 and a beta of 2.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. Alibaba Group Holding Ltd has a 52-week low of $100.11 and a 52-week high of $206.20.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The firm had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. equities analysts forecast that Alibaba Group Holding Ltd will post 4.05 earnings per share for the current fiscal year.

A number of brokerages have commented on BABA. Sanford C. Bernstein reiterated an “outperform” rating and issued a $230.00 price objective (up previously from $205.00) on shares of Alibaba Group in a research report on Monday, February 5th. MKM Partners increased their target price on Alibaba Group to $260.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $217.30 target price for the company in a report on Thursday, February 1st. Deutsche Bank increased their target price on Alibaba Group to $218.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Raymond James Financial increased their target price on Alibaba Group to $240.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and an average target price of $211.40.

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Alibaba Group 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.

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

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