Alibaba Group (BABA) Shares Sold by Burney Co.

Burney Co. cut its stake in shares of Alibaba Group (NYSE:BABA) by 25.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,316 shares of the specialty retailer’s stock after selling 1,115 shares during the quarter. Burney Co.’s holdings in Alibaba Group were worth $609,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vicus Capital increased its holdings in Alibaba Group by 11.8% in the first quarter. Vicus Capital now owns 2,465 shares of the specialty retailer’s stock valued at $452,000 after purchasing an additional 260 shares during the period. Osborn Williams & Donohoe LLC increased its holdings in Alibaba Group by 5.3% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 5,520 shares of the specialty retailer’s stock valued at $952,000 after purchasing an additional 280 shares during the period. North Star Asset Management Inc. increased its holdings in Alibaba Group by 1.3% in the fourth quarter. North Star Asset Management Inc. now owns 22,393 shares of the specialty retailer’s stock valued at $3,861,000 after purchasing an additional 284 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Alibaba Group by 7.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,086 shares of the specialty retailer’s stock valued at $705,000 after purchasing an additional 290 shares during the period. Finally, AE Wealth Management LLC increased its holdings in Alibaba Group by 13.9% in the fourth quarter. AE Wealth Management LLC now owns 2,467 shares of the specialty retailer’s stock valued at $425,000 after purchasing an additional 301 shares during the period. Institutional investors own 37.77% of the company’s stock.

BABA has been the subject of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $230.00 price objective (up from $210.00) on shares of Alibaba Group in a report on Sunday, January 28th. Morgan Stanley set a $250.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Monday, January 29th. MKM Partners increased their price objective on Alibaba Group to $260.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Vetr downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 price objective for the company. in a report on Tuesday, January 23rd. Finally, KeyCorp decreased their price objective on Alibaba Group from $228.00 to $219.00 and set an “overweight” rating for the company in a report on Tuesday, April 10th. One analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $216.01.

Alibaba Group opened at $196.02 on Friday, Marketbeat.com reports. The stock has a market cap of $503.55 billion, a PE ratio of 48.64, a P/E/G ratio of 1.22 and a beta of 2.52. The company has a current ratio of 1.89, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. Alibaba Group has a 1 year low of $196.30 and a 1 year high of $199.74.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). The company had revenue of $9.87 billion for the quarter, compared to the consensus estimate of $9.36 billion. Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. During the same period last year, the company earned $0.63 EPS. sell-side analysts expect that Alibaba Group will post 5.38 EPS for the current fiscal year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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