Alibaba Group Holding Ltd (BABA) Stake Lessened by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL reduced its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,900 shares of the specialty retailer’s stock after selling 3,300 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Alibaba Group were worth $19,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. BlackRock Inc. grew its position in shares of Alibaba Group by 3.4% in the second quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after purchasing an additional 2,077,793 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Alibaba Group by 1.5% in the second quarter. Schroder Investment Management Group now owns 22,559,519 shares of the specialty retailer’s stock valued at $4,249,763,000 after purchasing an additional 328,861 shares during the last quarter. Morgan Stanley grew its position in shares of Alibaba Group by 8.4% in the second quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock valued at $2,963,007,000 after purchasing an additional 1,235,562 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Alibaba Group by 8.1% in the second quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock valued at $2,927,474,000 after purchasing an additional 1,182,927 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP lifted its stake in shares of Alibaba Group by 0.6% during the second quarter. Boussard & Gavaudan Investment Management LLP now owns 12,970,558 shares of the specialty retailer’s stock valued at $2,413,173,000 after buying an additional 80,000 shares during the period. Institutional investors own 38.76% of the company’s stock.

NYSE:BABA traded up $2.73 during trading hours on Wednesday, reaching $150.17. 3,222,785 shares of the company were exchanged, compared to its average volume of 27,321,452. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. The company has a market cap of $378.00 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.15 and a beta of 2.35. Alibaba Group Holding Ltd has a 52-week low of $130.06 and a 52-week high of $211.70.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.19. Alibaba Group had a net margin of 19.33% and a return on equity of 13.15%. The business had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter last year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 49.6% compared to the same quarter last year. Research analysts forecast that Alibaba Group Holding Ltd will post 3.72 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the stock. MED reduced their price objective on shares of Alibaba Group to $196.00 and set a “buy” rating on the stock in a research note on Thursday, August 23rd. Raymond James reduced their price objective on shares of Alibaba Group from $300.00 to $280.00 and set a “strong-buy” rating on the stock in a research note on Thursday, August 16th. Barclays reduced their price objective on shares of Alibaba Group from $230.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, August 27th. MKM Partners reduced their price objective on shares of Alibaba Group to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, September 12th. Finally, ValuEngine downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $216.02.

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

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