Alibaba Group Holding Ltd (BABA) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 42.9% during the third quarter, HoldingsChannel.com reports. The firm owned 138,446 shares of the specialty retailer’s stock after selling 104,199 shares during the quarter. Marshall Wace LLP’s holdings in Alibaba Group were worth $22,810,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $107,000. AlphaMark Advisors LLC raised its holdings in shares of Alibaba Group by 468.8% in the third quarter. AlphaMark Advisors LLC now owns 910 shares of the specialty retailer’s stock worth $150,000 after buying an additional 750 shares during the period. Columbia Asset Management purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $160,000. Palo Capital Inc. purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $171,000. Finally, Whitener Capital Management Inc. purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $172,000. Institutional investors and hedge funds own 38.68% of the company’s stock.

Shares of NYSE:BABA opened at $153.06 on Friday. Alibaba Group Holding Ltd has a 52-week low of $130.06 and a 52-week high of $211.70. The company has a market capitalization of $399.10 billion, a P/E ratio of 37.98, a PEG ratio of 1.44 and a beta of 2.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.19. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The company had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Alibaba Group’s revenue was up 49.6% compared to the same quarter last year. As a group, equities research analysts predict that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on BABA. ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Benchmark reduced their price target on Alibaba Group from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Barclays set a $195.00 price target on Alibaba Group and gave the stock a “buy” rating in a report on Monday, November 12th. JPMorgan Chase & Co. reduced their price target on Alibaba Group to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 5th. Finally, KeyCorp set a $203.00 price target on Alibaba Group and gave the stock an “overweight” rating in a report on Monday, November 5th. One equities research analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the stock. Alibaba Group has a consensus rating of “Buy” and a consensus target price of $214.05.

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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: Average Daily Trade Volume – What You Need to Know

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

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