First United Bank Trust Trims Holdings in Alibaba Group Holding Ltd (BABA)

First United Bank Trust trimmed its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,505 shares of the specialty retailer’s stock after selling 81 shares during the quarter. First United Bank Trust’s holdings in Alibaba Group were worth $1,187,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BABA. BlackRock Inc. raised its position in Alibaba Group by 7.4% in the fourth quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after acquiring an additional 4,674,615 shares during the period. Baillie Gifford & Co. raised its position in shares of Alibaba Group by 4.4% in the fourth quarter. Baillie Gifford & Co. now owns 47,311,293 shares of the specialty retailer’s stock valued at $6,484,958,000 after purchasing an additional 1,989,666 shares during the period. Vanguard Group Inc. raised its position in shares of Alibaba Group by 2.3% in the third quarter. Vanguard Group Inc. now owns 37,571,661 shares of the specialty retailer’s stock valued at $6,190,307,000 after purchasing an additional 849,659 shares during the period. Vanguard Group Inc raised its position in shares of Alibaba Group by 2.3% in the third quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock valued at $6,190,307,000 after purchasing an additional 849,659 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP raised its position in shares of Alibaba Group by 10.4% in the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 13,975,558 shares of the specialty retailer’s stock valued at $1,963,461,000 after purchasing an additional 1,320,000 shares during the period. Institutional investors and hedge funds own 40.25% of the company’s stock.

BABA has been the topic of several research reports. Zacks Investment Research raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Robert W. Baird boosted their price objective on shares of Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, March 29th. Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of Alibaba Group in a research note on Monday, January 14th. Macquarie set a $220.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, January 8th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $200.00 price objective (up previously from $180.00) on shares of Alibaba Group in a research note on Thursday, January 31st. One research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $210.77.

Shares of Alibaba Group stock traded down $1.22 during trading on Thursday, reaching $184.97. The company’s stock had a trading volume of 324,238 shares, compared to its average volume of 11,942,062. 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 capitalization of $479.42 billion, a price-to-earnings ratio of 45.90, a price-to-earnings-growth ratio of 1.31 and a beta of 2.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $117.28 billion during the quarter, compared to analysts’ expectations of $118.52 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The firm’s revenue was up 41.3% on a year-over-year basis. On average, equities research analysts forecast that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current fiscal year.

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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.

Further Reading: What are Institutional Investors?

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

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