Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Lowered by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,677 shares of the specialty retailer’s stock after selling 1,345 shares during the period. Blair William & Co. IL’s holdings in Alibaba Group were worth $6,169,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BABA. Elkhorn Partners Limited Partnership raised its holdings in Alibaba Group by 8.8% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 3,700 shares of the specialty retailer’s stock worth $266,000 after buying an additional 300 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Alibaba Group by 8.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,007 shares of the specialty retailer’s stock worth $937,000 after acquiring an additional 964 shares in the last quarter. RPg Family Wealth Advisory LLC raised its holdings in shares of Alibaba Group by 13.1% during the second quarter. RPg Family Wealth Advisory LLC now owns 19,794 shares of the specialty retailer’s stock valued at $1,457,000 after acquiring an additional 2,294 shares during the period. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $328,000. Finally, EPIQ Capital Group LLC grew its position in Alibaba Group by 0.3% during the 2nd quarter. EPIQ Capital Group LLC now owns 46,091 shares of the specialty retailer’s stock worth $3,396,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BABA. Sanford C. Bernstein increased their target price on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Loop Capital restated a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Truist Financial dropped their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Susquehanna decreased their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Finally, Robert W. Baird upped their price objective on shares of Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $107.61.

Alibaba Group Stock Down 0.2 %

BABA opened at $88.29 on Friday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $90.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The business has a 50 day moving average price of $80.79 and a 200 day moving average price of $77.63. The firm has a market cap of $224.04 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. Alibaba Group’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.47 EPS. Research analysts forecast that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

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.