Capital Management Associates NY Sells 1,400 Shares of Alibaba Group Holding Limited (BABA)

Capital Management Associates NY trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 16.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,100 shares of the specialty retailer’s stock after selling 1,400 shares during the period. Alibaba Group Holding Limited comprises about 1.7% of Capital Management Associates NY’s holdings, making the stock its 6th biggest holding. Capital Management Associates NY’s holdings in Alibaba Group Holding Limited were worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors lifted its stake in Alibaba Group Holding Limited by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock worth $4,736,830,000 after acquiring an additional 738,281 shares in the last quarter. FMR LLC lifted its stake in Alibaba Group Holding Limited by 42.5% in the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock worth $3,561,681,000 after acquiring an additional 7,544,165 shares in the last quarter. Jennison Associates LLC lifted its stake in Alibaba Group Holding Limited by 3.3% in the 2nd quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock worth $2,881,139,000 after acquiring an additional 661,109 shares in the last quarter. Capital World Investors lifted its stake in Alibaba Group Holding Limited by 5.7% in the 2nd quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after acquiring an additional 1,091,620 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in Alibaba Group Holding Limited by 5.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock worth $1,723,771,000 after acquiring an additional 626,446 shares in the last quarter. 37.47% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts recently issued reports on BABA shares. Zacks Investment Research raised Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Thursday, August 17th. Vetr lowered Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 target price on the stock. in a research report on Wednesday, August 16th. SunTrust Banks, Inc. assumed coverage on Alibaba Group Holding Limited in a research report on Tuesday, August 15th. They issued a “buy” rating and a $175.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $160.00 target price on shares of Alibaba Group Holding Limited in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus upped their target price on Alibaba Group Holding Limited from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. Alibaba Group Holding Limited presently has a consensus rating of “Buy” and a consensus target price of $184.45.

Alibaba Group Holding Limited (BABA) traded down $1.87 during trading on Tuesday, hitting $184.54. The company had a trading volume of 17,185,600 shares, compared to its average volume of 14,838,464. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market cap of $467,080.00, a P/E ratio of 54.19, a PEG ratio of 1.41 and a beta of 2.60. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. During the same quarter last year, the company earned $0.74 EPS. sell-side analysts anticipate that Alibaba Group Holding Limited will post 4.31 EPS for the current year.

Alibaba Group Holding Limited 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.

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

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