Wellington Shields Capital Management LLC Sells 7,290 Shares of Alibaba Group Holding Limited (BABA)

Wellington Shields Capital Management LLC lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 25.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,255 shares of the specialty retailer’s stock after selling 7,290 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Alibaba Group Holding Limited were worth $3,671,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AJO LP boosted its holdings in Alibaba Group Holding Limited by 55.5% during the 2nd quarter. AJO LP now owns 132,529 shares of the specialty retailer’s stock worth $18,673,000 after acquiring an additional 47,324 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Alibaba Group Holding Limited by 18.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,849 shares of the specialty retailer’s stock worth $14,914,000 after buying an additional 16,528 shares during the last quarter. Good Life Advisors LLC purchased a new position in shares of Alibaba Group Holding Limited in the 2nd quarter worth about $218,000. Aperio Group LLC boosted its holdings in shares of Alibaba Group Holding Limited by 10.6% in the 3rd quarter. Aperio Group LLC now owns 194,424 shares of the specialty retailer’s stock worth $33,579,000 after buying an additional 18,663 shares during the last quarter. Finally, Mirador Capital Partners LP purchased a new position in shares of Alibaba Group Holding Limited in the 2nd quarter worth about $220,000. Institutional investors and hedge funds own 37.47% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) traded down $2.31 on Tuesday, reaching $182.23. The company’s stock had a trading volume of 8,742,822 shares, compared to its average volume of 14,838,464. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71. The company has a market capitalization of $467,080.00, a P/E ratio of 54.19, a price-to-earnings-growth ratio of 1.41 and a beta of 2.60. Alibaba Group Holding Limited has a twelve month low of $86.01 and a twelve month high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $0.74 earnings per share. sell-side analysts predict that Alibaba Group Holding Limited will post 4.31 EPS for the current fiscal year.

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Several equities research analysts have commented on the stock. Bank of America Corporation reaffirmed a “buy” rating and set a $200.00 price objective on shares of Alibaba Group Holding Limited in a report on Monday, October 16th. Needham & Company LLC upped their price objective on shares of Alibaba Group Holding Limited from $190.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $190.00 price objective (up from $165.00) on shares of Alibaba Group Holding Limited in a report on Friday, August 25th. Vetr downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $199.42 price objective on the stock. in a report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the stock. Alibaba Group Holding Limited has a consensus rating of “Buy” and a consensus price target of $184.45.

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.

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

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