Tiaa Fsb lessened its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,009 shares of the specialty retailer’s stock after selling 5,211 shares during the period. Tiaa Fsb’s holdings in Alibaba Group were worth $9,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in Alibaba Group by 7.6% during the third quarter. Bank of New York Mellon Corp now owns 3,025,024 shares of the specialty retailer’s stock worth $498,402,000 after purchasing an additional 213,658 shares in the last quarter. Blue Fin Capital Inc. raised its holdings in Alibaba Group by 27.0% during the third quarter. Blue Fin Capital Inc. now owns 8,387 shares of the specialty retailer’s stock worth $1,382,000 after purchasing an additional 1,783 shares in the last quarter. Paloma Partners Management Co purchased a new position in Alibaba Group during the third quarter worth about $1,526,000. Veritable L.P. raised its holdings in Alibaba Group by 17.9% during the third quarter. Veritable L.P. now owns 2,959 shares of the specialty retailer’s stock worth $488,000 after purchasing an additional 449 shares in the last quarter. Finally, Castleark Management LLC raised its holdings in Alibaba Group by 100.0% during the third quarter. Castleark Management LLC now owns 12,480 shares of the specialty retailer’s stock worth $2,056,000 after purchasing an additional 6,240 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.
Shares of BABA traded down $5.84 during mid-day trading on Monday, reaching $183.07. 14,610,200 shares of the company’s stock were exchanged, compared to its average volume of 13,540,529. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $211.70. The stock has a market cap of $473.76 billion, a price-to-earnings ratio of 45.43, a price-to-earnings-growth ratio of 1.29 and a beta of 2.30.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The business had revenue of $117.28 billion during the quarter, compared to analysts’ expectations of $118.52 billion. During the same period last year, the company posted $1.63 EPS. The company’s revenue was up 41.3% on a year-over-year basis. On average, equities analysts expect that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current fiscal year.
A number of research analysts have issued reports on BABA shares. KeyCorp set a $200.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a report on Wednesday, January 23rd. Robert W. Baird increased their target price on shares of Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Citigroup reaffirmed a “buy” rating and issued a $211.00 target price (up from $208.00) on shares of Alibaba Group in a report on Thursday, January 31st. Bank of America reaffirmed a “buy” rating and issued a $215.00 target price (down from $221.00) on shares of Alibaba Group in a report on Thursday, January 31st. Finally, ValuEngine cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. One research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $211.54.
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Alibaba Group Company 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.
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