Alibaba Group Holding Ltd (NYSE:BABA) Holdings Reduced by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. decreased its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 11.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 800,000 shares of the specialty retailer’s stock after selling 101,400 shares during the quarter. Alibaba Group comprises 20.0% of TB Alternative Assets Ltd.’s holdings, making the stock its largest position. TB Alternative Assets Ltd.’s holdings in Alibaba Group were worth $133,784,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Cypress Wealth Services LLC increased its stake in Alibaba Group by 3.2% during the third quarter. Cypress Wealth Services LLC now owns 1,811 shares of the specialty retailer’s stock worth $303,000 after acquiring an additional 57 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Alibaba Group by 5.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 1,228 shares of the specialty retailer’s stock worth $205,000 after acquiring an additional 59 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in Alibaba Group by 2.7% during the second quarter. Moneta Group Investment Advisors LLC now owns 2,302 shares of the specialty retailer’s stock worth $390,000 after acquiring an additional 60 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in Alibaba Group by 1.4% during the second quarter. Joel Isaacson & Co. LLC now owns 4,691 shares of the specialty retailer’s stock worth $795,000 after acquiring an additional 63 shares during the last quarter. Finally, Vicus Capital increased its stake in Alibaba Group by 2.9% during the second quarter. Vicus Capital now owns 2,249 shares of the specialty retailer’s stock worth $381,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 43.43% of the company’s stock.

BABA has been the subject of several recent analyst reports. Oppenheimer set a $215.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Royal Bank of Canada set a $210.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Monday, August 12th. ValuEngine cut Alibaba Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Bank of America set a $233.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, HSBC raised their target price on Alibaba Group from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $223.04.

Shares of NYSE BABA traded down $0.88 during trading on Thursday, reaching $176.24. The stock had a trading volume of 4,716,337 shares, compared to its average volume of 13,930,102. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 1.38. The business’s 50-day moving average price is $173.39 and its 200-day moving average price is $172.02. The company has a market cap of $449.06 billion, a P/E ratio of 49.09, a PEG ratio of 1.05 and a beta of 2.27.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.32. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The business had revenue of $114.92 billion during the quarter, compared to analysts’ expectations of $111.65 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The company’s revenue was up 42.0% on a year-over-year basis. Analysts forecast that Alibaba Group Holding Ltd will post 5.81 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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