Alibaba Group Holding Limited (BABA) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 5,427 shares of the specialty retailer’s stock after selling 140 shares during the period. Stratos Wealth Partners LTD.’s holdings in Alibaba Group Holding Limited were worth $585,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Alibaba Group Holding Limited by 1.7% in the first quarter. Principal Financial Group Inc. now owns 2,173,601 shares of the specialty retailer’s stock worth $234,379,000 after buying an additional 37,196 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock worth $2,332,996,000 after buying an additional 2,030,747 shares in the last quarter. CFO4Life Group LLC purchased a new position in shares of Alibaba Group Holding Limited during the first quarter worth $229,000. United Services Automobile Association boosted its position in shares of Alibaba Group Holding Limited by 1.7% in the first quarter. United Services Automobile Association now owns 1,350,138 shares of the specialty retailer’s stock worth $145,585,000 after buying an additional 22,742 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Alibaba Group Holding Limited by 10.0% in the first quarter. Van ECK Associates Corp now owns 747,800 shares of the specialty retailer’s stock worth $80,635,000 after buying an additional 68,170 shares in the last quarter. 36.73% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Alibaba Group Holding Limited (BABA) traded up 0.07% during mid-day trading on Tuesday, hitting $139.57. 6,264,409 shares of the company traded hands. The firm has a 50-day moving average of $125.23 and a 200-day moving average of $107.39. The stock has a market capitalization of $353.11 billion, a price-to-earnings ratio of 55.92 and a beta of 2.63. Alibaba Group Holding Limited has a one year low of $73.30 and a one year high of $148.29.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter last year, the business posted $0.47 EPS. On average, equities analysts predict that Alibaba Group Holding Limited will post $4.50 earnings per share for the current year.

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A number of brokerages have recently weighed in on BABA. Robert W. Baird reissued an “outperform” rating and set a $135.00 price target (up from $116.00) on shares of Alibaba Group Holding Limited in a research report on Friday, May 19th. Instinet lifted their price target on shares of Alibaba Group Holding Limited from $139.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday. Deutsche Bank AG reduced their price target on shares of Alibaba Group Holding Limited to $158.00 and set a “buy” rating on the stock in a research report on Monday. Pacific Crest reissued a “buy” rating and set a $137.00 price target on shares of Alibaba Group Holding Limited in a research report on Monday. Finally, MKM Partners reissued a “buy” rating and set a $130.00 price target on shares of Alibaba Group Holding Limited in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group Holding Limited currently has a consensus rating of “Buy” and an average target price of $137.11.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BABA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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