Alibaba Group Holding Limited (BABA) Shares Sold by WCM Investment Management CA

WCM Investment Management CA cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 53,464 shares of the specialty retailer’s stock after selling 482 shares during the quarter. WCM Investment Management CA’s holdings in Alibaba Group Holding Limited were worth $9,234,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Capital Research Global Investors increased its position in shares of Alibaba Group Holding Limited by 2.2% during the 2nd quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock valued at $4,736,830,000 after purchasing an additional 738,281 shares during the period. FMR LLC grew its holdings in shares of 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 during the last quarter. Jennison Associates LLC grew its holdings in shares of 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 during the last quarter. Capital World Investors grew its holdings in shares of 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 during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of 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 during the last quarter. Institutional investors own 37.47% of the company’s stock.

A number of equities analysts recently issued reports on BABA shares. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Thursday, August 17th. Vetr cut 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 report on Wednesday, August 16th. SunTrust Banks, Inc. started coverage on Alibaba Group Holding Limited in a report on Tuesday, August 15th. They issued a “buy” rating and a $175.00 target price on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $160.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday, August 15th. Finally, Stifel Nicolaus lifted their price target on Alibaba Group Holding Limited from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the stock. Alibaba Group Holding Limited currently has a consensus rating of “Buy” and an average price target of $184.45.

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

Alibaba Group Holding Limited (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. The firm had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the company posted $0.74 earnings per share. equities research analysts expect that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

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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