Alibaba Group Holding Limited (NYSE:BABA) Position Trimmed by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,846 shares of the specialty retailer’s stock after selling 437 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Alibaba Group were worth $221,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Sanders Capital LLC lifted its position in shares of Alibaba Group by 322.7% in the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after acquiring an additional 11,473,618 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Alibaba Group by 461.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock valued at $365,686,000 after acquiring an additional 3,464,723 shares in the last quarter. Blue Pool Management Ltd. purchased a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $151,726,000. Morgan Stanley lifted its position in shares of Alibaba Group by 13.8% in the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after acquiring an additional 1,406,491 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Alibaba Group by 65.6% in the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock valued at $304,318,000 after acquiring an additional 1,389,233 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Up 2.9 %

Alibaba Group stock opened at $74.63 on Thursday. The company has a market capitalization of $189.37 billion, a P/E ratio of 13.77 and a beta of 0.46. The firm’s fifty day simple moving average is $73.14 and its 200-day simple moving average is $75.57. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $102.50.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The business had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 EPS. Sell-side analysts forecast that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Susquehanna reduced their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 8th. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Wednesday, April 10th. Citigroup reduced their price target on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. cut their target price on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Finally, Barclays cut their target price on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a research report on Friday, January 12th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.