Tlwm Reduces Position in Alibaba Group Holding Ltd (NYSE:BABA)

Tlwm lessened its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,972 shares of the specialty retailer’s stock after selling 73 shares during the quarter. Alibaba Group makes up 1.1% of Tlwm’s portfolio, making the stock its 11th largest holding. Tlwm’s holdings in Alibaba Group were worth $2,174,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Enterprise Trust & Investment Co bought a new stake in shares of Alibaba Group during the 3rd quarter valued at $27,000. Lee Financial Co raised its position in shares of Alibaba Group by 194.6% during the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 109 shares during the period. WealthStone Inc. bought a new stake in shares of Alibaba Group during the 2nd quarter valued at $29,000. Financial Advantage Inc. bought a new stake in shares of Alibaba Group during the 3rd quarter valued at $33,000. Finally, B & T Capital Management DBA Alpha Capital Management bought a new stake in shares of Alibaba Group during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 43.50% of the company’s stock.

BABA has been the topic of several recent analyst reports. Raymond James restated a “buy” rating on shares of Alibaba Group in a research report on Tuesday, September 24th. SunTrust Banks dropped coverage on shares of Alibaba Group in a research report on Friday, November 1st. Bank of America raised their price objective on shares of Alibaba Group from $233.00 to $234.00 and gave the company a “buy” rating in a research report on Monday, November 4th. ValuEngine downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird set a $200.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $225.78.

NYSE BABA traded down $0.45 on Monday, reaching $186.71. The company had a trading volume of 20,559,660 shares, compared to its average volume of 15,899,754. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $474.00 billion, a PE ratio of 52.01, a price-to-earnings-growth ratio of 1.23 and a beta of 2.26. The firm’s 50 day moving average price is $173.77 and its 200 day moving average price is $171.00. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $195.72.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.30. The company had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.72 billion. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. On average, research analysts expect that Alibaba Group Holding Ltd will post 5.94 EPS for the current year.

Alibaba Group 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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