Alibaba Group Holding Ltd (BABA) Stake Decreased by Marshall Wace LLP

Marshall Wace LLP lowered its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 42.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,446 shares of the specialty retailer’s stock after selling 104,199 shares during the quarter. Marshall Wace LLP’s holdings in Alibaba Group were worth $22,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of BABA. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Alibaba Group in the third quarter worth $107,000. AlphaMark Advisors LLC grew its holdings in shares of Alibaba Group by 468.8% in the third quarter. AlphaMark Advisors LLC now owns 910 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 750 shares during the period. Avestar Capital LLC grew its holdings in shares of Alibaba Group by 55.2% in the third quarter. Avestar Capital LLC now owns 1,082 shares of the specialty retailer’s stock worth $154,000 after acquiring an additional 385 shares during the period. Columbia Asset Management bought a new stake in shares of Alibaba Group in the third quarter worth $160,000. Finally, Mainstay Capital Management LLC ADV grew its holdings in shares of Alibaba Group by 5,724.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 21,607 shares of the specialty retailer’s stock worth $165,000 after acquiring an additional 21,236 shares during the period. Hedge funds and other institutional investors own 38.68% of the company’s stock.

Several brokerages recently commented on BABA. Barclays cut their price objective on Alibaba Group from $230.00 to $225.00 and set a “buy” rating for the company in a report on Monday, August 27th. Robert W. Baird cut their price target on Alibaba Group from $220.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, August 24th. JPMorgan Chase & Co. cut their price target on Alibaba Group from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 24th. Raymond James cut their price target on Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating for the company in a report on Thursday, August 16th. Finally, Jefferies Financial Group cut their price target on Alibaba Group to $225.00 and set a “buy” rating for the company in a report on Friday, August 24th. One investment analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and a consensus price target of $214.05.

NYSE BABA opened at $153.06 on Friday. The stock has a market capitalization of $399.10 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 1.44 and a beta of 2.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 1.42. Alibaba Group Holding Ltd has a twelve month low of $130.06 and a twelve month high of $211.70.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.19. The firm had revenue of $12.40 billion during the quarter, compared to analyst estimates of $12.51 billion. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The business’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 earnings per share. Equities research analysts predict that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current fiscal year.

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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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