Regent Investment Management LLC Cuts Stake in Alibaba Group Holding Limited (NYSE:BABA)

Regent Investment Management LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 36.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,550 shares of the specialty retailer’s stock after selling 2,618 shares during the quarter. Regent Investment Management LLC’s holdings in Alibaba Group were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Diversified Trust Co lifted its position in Alibaba Group by 3.5% in the second quarter. Diversified Trust Co now owns 2,758 shares of the specialty retailer’s stock valued at $314,000 after purchasing an additional 93 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its position in Alibaba Group by 74.1% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 235 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Arlington Partners LLC lifted its position in Alibaba Group by 35.1% in the first quarter. Arlington Partners LLC now owns 385 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its position in Alibaba Group by 6.6% in the fourth quarter. Laurel Wealth Advisors Inc. now owns 1,687 shares of the specialty retailer’s stock valued at $200,000 after purchasing an additional 104 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in Alibaba Group by 1.9% in the second quarter. Koshinski Asset Management Inc. now owns 5,695 shares of the specialty retailer’s stock valued at $647,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 14.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BABA. HSBC decreased their target price on Alibaba Group from $146.00 to $141.00 and set a “buy” rating for the company in a report on Tuesday, July 5th. JPMorgan Chase & Co. upped their target price on Alibaba Group from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 5th. Citigroup decreased their price objective on Alibaba Group from $176.00 to $172.00 and set a “buy” rating for the company in a report on Tuesday, July 5th. Bank of America decreased their price objective on Alibaba Group from $162.00 to $155.00 and set a “buy” rating for the company in a report on Monday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Alibaba Group from $155.00 to $160.00 in a report on Monday, August 8th. Three analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.53.

Alibaba Group Price Performance

BABA traded down $2.46 on Friday, hitting $78.25. 550,239 shares of the company’s stock traded hands, compared to its average volume of 17,416,220. The company’s 50 day simple moving average is $93.66 and its 200-day simple moving average is $98.45. The firm has a market cap of $207.22 billion, a price-to-earnings ratio of 44.84, a P/E/G ratio of 1.37 and a beta of 0.55. Alibaba Group Holding Limited has a one year low of $73.28 and a one year high of $182.09. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.13.

Alibaba Group (NYSE:BABAGet Rating) last released its quarterly earnings results on Thursday, August 4th. The specialty retailer reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.57. The business had revenue of $30.69 billion during the quarter, compared to analysts’ expectations of $31.15 billion. Alibaba Group had a return on equity of 10.03% and a net margin of 3.69%. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 6.32 EPS for the current year.

About Alibaba Group

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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.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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