Alibaba Group Holding Ltd (BABA) Shares Sold by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. lessened its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 18.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,910 shares of the specialty retailer’s stock after selling 6,595 shares during the quarter. Alibaba Group comprises approximately 1.9% of Shikiar Asset Management Inc.’s holdings, making the stock its 19th biggest holding. Shikiar Asset Management Inc.’s holdings in Alibaba Group were worth $4,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hillhouse Capital Management Ltd. lifted its holdings in shares of Alibaba Group by 318.7% during the 2nd quarter. Hillhouse Capital Management Ltd. now owns 6,508,438 shares of the specialty retailer’s stock valued at $1,207,511,000 after acquiring an additional 4,954,118 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Alibaba Group by 32.9% during the 2nd quarter. Bank of America Corp DE now owns 10,608,066 shares of the specialty retailer’s stock valued at $1,968,114,000 after acquiring an additional 2,626,882 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Alibaba Group by 3.4% during the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after acquiring an additional 2,077,793 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Alibaba Group by 20,210.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,532,621 shares of the specialty retailer’s stock worth $8,224,000 after buying an additional 1,525,075 shares during the period. Finally, Morgan Stanley increased its stake in Alibaba Group by 8.4% during the 2nd quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock worth $2,963,007,000 after buying an additional 1,235,562 shares during the period. Institutional investors own 38.76% of the company’s stock.

BABA opened at $145.75 on Friday. The stock has a market capitalization of $377.62 billion, a PE ratio of 36.97, a P/E/G ratio of 1.15 and a beta of 2.35. Alibaba Group Holding Ltd has a 1-year low of $130.06 and a 1-year high of $211.70. The company has a quick ratio of 1.44, a current ratio of 1.42 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.19. The company had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $12.51 billion. Alibaba Group had a net margin of 19.33% and a return on equity of 12.99%. The company’s revenue was up 49.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 EPS. On average, equities analysts expect that Alibaba Group Holding Ltd will post 3.48 EPS for the current year.

Several equities research analysts recently issued reports on the stock. MED dropped their price target 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 dropped their price target 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 dropped their price target 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 dropped their price target 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, Robert W. Baird dropped their price target on shares of Alibaba Group from $220.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, August 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $216.02.

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About Alibaba Group

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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