Alibaba Group Holding Ltd (BABA) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,472 shares of the specialty retailer’s stock after selling 3,819 shares during the quarter. Alibaba Group makes up approximately 1.2% of Shell Asset Management Co.’s holdings, making the stock its 6th largest holding. Shell Asset Management Co.’s holdings in Alibaba Group were worth $60,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaMark Advisors LLC lifted its stake in shares of Alibaba Group by 468.8% in the 3rd quarter. AlphaMark Advisors LLC now owns 910 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 750 shares during the period. Columbia Asset Management acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $160,000. Trustcore Financial Services LLC lifted its stake in shares of Alibaba Group by 49.5% in the 2nd quarter. Trustcore Financial Services LLC now owns 1,003 shares of the specialty retailer’s stock valued at $186,000 after purchasing an additional 332 shares during the period. Palo Capital Inc. acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $171,000. Finally, Whitener Capital Management Inc. acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $172,000. 38.14% of the stock is currently owned by institutional investors and hedge funds.

BABA has been the subject of a number of recent analyst reports. CLSA set a $240.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Monday, September 24th. HSBC initiated coverage on shares of Alibaba Group in a research report on Wednesday, September 12th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 8th. ValuEngine upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, Benchmark lowered their price objective on shares of Alibaba Group from $220.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, November 5th. 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. Alibaba Group has an average rating of “Buy” and a consensus price target of $214.55.

BABA stock opened at $150.33 on Friday. The stock has a market cap of $385.02 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 1.39 and a beta of 2.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 1.42. Alibaba Group Holding Ltd has a 1 year low of $130.06 and a 1 year high of $211.70.

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

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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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