Alibaba Group Holding Ltd (NYSE:BABA) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC lowered its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 7.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,271 shares of the specialty retailer’s stock after selling 1,738 shares during the period. Signet Financial Management LLC’s holdings in Alibaba Group were worth $3,623,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farmers National Bank bought a new stake in Alibaba Group during the 1st quarter worth about $25,000. Manchester Capital Management LLC boosted its position in shares of Alibaba Group by 171.4% during the 1st quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 96 shares in the last quarter. Lee Financial Co grew its stake 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 worth $28,000 after purchasing an additional 109 shares during the period. Farmers & Merchants Investments Inc. grew its stake in shares of Alibaba Group by 100.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 100 shares during the period. Finally, Coastal Capital Group Inc. purchased a new position in shares of Alibaba Group in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 44.23% of the company’s stock.

Several analysts recently commented on BABA shares. SunTrust Banks reiterated a “positive” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Alibaba Group in a research note on Thursday, August 15th. KeyCorp boosted their target price on shares of Alibaba Group from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Raymond James dropped their target price on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 16th. Royal Bank of Canada set a $210.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, UBS Group set a $210.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a report on Tuesday, June 11th. One analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $219.92.

Shares of Alibaba Group stock traded up $0.94 during trading on Wednesday, hitting $175.93. The stock had a trading volume of 5,704,460 shares, compared to its average volume of 13,538,173. The business has a fifty day moving average of $170.04 and a two-hundred day moving average of $173.28. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The firm has a market cap of $452.34 billion, a P/E ratio of 49.01, a PEG ratio of 1.09 and a beta of 2.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.32. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The firm had revenue of $114.92 billion for the quarter, compared to analyst estimates of $111.65 billion. During the same period in the previous year, the company earned $1.01 earnings per share. Alibaba Group’s revenue was up 42.0% compared to the same quarter last year. As a group, research analysts forecast that Alibaba Group Holding Ltd will post 5.81 earnings per share for the current year.

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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