Alibaba Group Holding Ltd (BABA) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lessened its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 34.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,560 shares of the specialty retailer’s stock after selling 2,358 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Alibaba Group were worth $832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Alibaba Group by 7.4% during the fourth quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock valued at $9,284,230,000 after purchasing an additional 4,674,615 shares during the period. Baillie Gifford & Co. increased its position in shares of Alibaba Group by 4.4% during the fourth quarter. Baillie Gifford & Co. now owns 47,311,293 shares of the specialty retailer’s stock worth $6,484,958,000 after acquiring an additional 1,989,666 shares in the last quarter. Vanguard Group Inc increased its position in shares of Alibaba Group by 2.3% during the third quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after acquiring an additional 849,659 shares in the last quarter. Boussard & Gavaudan Investment Management LLP increased its position in shares of Alibaba Group by 10.4% during the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 13,975,558 shares of the specialty retailer’s stock worth $1,963,461,000 after acquiring an additional 1,320,000 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Alibaba Group during the fourth quarter worth about $1,734,020,000. 40.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alibaba Group stock traded down $4.60 on Wednesday, hitting $158.83. 24,345,031 shares of the company traded hands, compared to its average volume of 14,589,492. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.30. The stock has a market cap of $434.29 billion, a P/E ratio of 44.24, a price-to-earnings-growth ratio of 1.40 and a beta of 2.27. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $211.70.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The firm had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. During the same quarter last year, the company posted $5.73 EPS. The business’s quarterly revenue was up 51.0% on a year-over-year basis. On average, analysts predict that Alibaba Group Holding Ltd will post 4.88 earnings per share for the current year.

Several research firms have recently commented on BABA. Barclays boosted their target price on shares of Alibaba Group from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. KeyCorp reissued an “overweight” rating and set a $240.00 target price (up from $210.00) on shares of Alibaba Group in a research report on Tuesday, May 7th. ValuEngine raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, Robert W. Baird upped their price objective on shares of Alibaba Group from $178.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. One research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Alibaba Group presently has an average rating of “Buy” and an average target price of $216.85.

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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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