San Francisco Sentry Investment Group CA Cuts Position in Alibaba Group Holding Ltd (NYSE:BABA)

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San Francisco Sentry Investment Group CA trimmed its position in Alibaba Group Holding Ltd (NYSE:BABA) by 57.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297 shares of the specialty retailer’s stock after selling 400 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Alibaba Group were worth $50,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Farmers National Bank purchased a new position in shares of Alibaba Group during the first quarter valued at $25,000. Manchester Capital Management LLC lifted 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 during the last quarter. Lee Financial Co lifted its position 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 last quarter. Farmers & Merchants Investments Inc. raised its holdings in Alibaba Group by 100.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. Finally, Coastal Capital Group Inc. bought a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $34,000. Institutional investors own 42.12% of the company’s stock.

A number of research firms recently commented on BABA. Jefferies Financial Group began coverage on Alibaba Group in a research report on Monday, August 5th. They set a “buy” rating and a $216.00 price target on the stock. Goldman Sachs Group set a $236.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Friday, August 16th. Mizuho upped their price objective on Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. KeyCorp upped their price objective on Alibaba Group from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $220.00 price objective (up previously from $205.00) on shares of Alibaba Group in a report on Thursday, May 16th. One analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $219.23.

Alibaba Group stock traded up $2.22 during mid-day trading on Friday, hitting $175.03. 9,644,882 shares of the company’s stock were exchanged, compared to its average volume of 18,142,444. The firm has a market capitalization of $439.70 billion, a P/E ratio of 48.75, a PEG ratio of 1.06 and a beta of 2.30. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The company’s 50 day simple moving average is $169.35 and its 200-day simple moving average is $172.87.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.32. The business had revenue of $114.92 billion for the quarter, compared to the consensus estimate of $111.65 billion. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. Research analysts expect that Alibaba Group Holding Ltd will post 5.81 EPS for the current year.

Alibaba Group 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.

Read More: How is diluted EPS different from basic EPS?

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

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