Alibaba Group Holding Ltd (BABA) Holdings Trimmed by Stifel Financial Corp

Share on StockTwits

Stifel Financial Corp trimmed its position in Alibaba Group Holding Ltd (NYSE:BABA) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,714 shares of the specialty retailer’s stock after selling 16,412 shares during the period. Stifel Financial Corp’s holdings in Alibaba Group were worth $57,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BABA. WINTON GROUP Ltd bought a new stake in shares of Alibaba Group in the third quarter worth about $361,000. Toronto Dominion Bank boosted its position in Alibaba Group by 16,227.5% during the 3rd quarter. Toronto Dominion Bank now owns 174,051 shares of the specialty retailer’s stock valued at $28,675,000 after acquiring an additional 172,985 shares in the last quarter. Highstreet Asset Management Inc. boosted its position in Alibaba Group by 16.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 6,100 shares of the specialty retailer’s stock valued at $1,005,000 after acquiring an additional 852 shares in the last quarter. Wasatch Advisors Inc. boosted its position in Alibaba Group by 7.9% during the 3rd quarter. Wasatch Advisors Inc. now owns 308,924 shares of the specialty retailer’s stock valued at $50,898,000 after acquiring an additional 22,518 shares in the last quarter. Finally, Honeywell International Inc. bought a new stake in Alibaba Group during the 3rd quarter valued at approximately $14,664,000. Institutional investors own 39.79% of the company’s stock.

Several analysts have weighed in on the company. Zacks Investment Research raised Alibaba Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Nomura reaffirmed a “buy” rating and set a $205.00 price objective (up from $200.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Macquarie reaffirmed an “outperform” rating and set a $224.00 price objective (up from $220.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Finally, Bank of America reaffirmed a “buy” rating and set a $215.00 price objective (down from $221.00) on shares of Alibaba Group in a research report on Thursday, January 31st. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group has a consensus rating of “Buy” and a consensus target price of $211.07.

Shares of BABA traded down $0.41 during mid-day trading on Friday, reaching $179.95. The company had a trading volume of 78,591 shares, compared to its average volume of 14,148,846. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Alibaba Group Holding Ltd has a 52 week low of $129.77 and a 52 week high of $211.70. The stock has a market cap of $462.62 billion, a P/E ratio of 44.75, a P/E/G ratio of 1.76 and a beta of 2.31.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The company had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. During the same period in the previous year, the business earned $1.63 EPS. The firm’s revenue for the quarter was up 41.3% on a year-over-year basis. On average, equities analysts anticipate that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Alibaba Group Holding Ltd (BABA) Holdings Trimmed by Stifel Financial Corp” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4224060/alibaba-group-holding-ltd-baba-holdings-trimmed-by-stifel-financial-corp.html.

About Alibaba Group

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.

Recommended Story: Cost of Capital Explained

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Ltd (NYSE:BABA).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Axonics Modulation Technologies  vs. NuVasive  Head to Head Review
Axonics Modulation Technologies vs. NuVasive Head to Head Review
Comparing BlackBerry  & ServiceNow
Comparing BlackBerry & ServiceNow
$2.20 Billion in Sales Expected for Autoliv Inc.  This Quarter
$2.20 Billion in Sales Expected for Autoliv Inc. This Quarter
Holly Energy Partners, L.P.  Receives Consensus Recommendation of “Hold” from Analysts
Holly Energy Partners, L.P. Receives Consensus Recommendation of “Hold” from Analysts
Trustmark  Downgraded to “Sell” at Zacks Investment Research
Trustmark Downgraded to “Sell” at Zacks Investment Research
Sun Hydraulics  Downgraded by BidaskClub
Sun Hydraulics Downgraded by BidaskClub


© 2006-2019 Ticker Report