Texas Yale Capital Corp. Sells 1,465 Shares of Alibaba Group Holding Ltd (NYSE:BABA)

Texas Yale Capital Corp. lowered its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 50.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,465 shares of the specialty retailer’s stock after selling 1,465 shares during the period. Texas Yale Capital Corp.’s holdings in Alibaba Group were worth $248,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Farmers National Bank bought a new position in Alibaba Group during the first quarter worth $25,000. Cribstone Capital Management LLC bought a new position in Alibaba Group during the first quarter worth $27,000. Manchester Capital Management LLC raised its stake in Alibaba Group by 171.4% during the first quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock worth $28,000 after buying an additional 96 shares during the last quarter. Truvestments Capital LLC bought a new stake in Alibaba Group in the first quarter valued at $34,000. Finally, Motco increased its stake in Alibaba Group by 1,557.1% in the first quarter. Motco now owns 232 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 218 shares in the last quarter. 40.84% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on BABA shares. Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research note on Friday, July 12th. Barclays lifted their price objective on shares of Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, May 20th. TH Capital lifted their price objective on shares of Alibaba Group from $180.00 to $220.00 in a report on Monday, May 13th. SunTrust Banks reiterated a “buy” rating and set a $200.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. Finally, KeyCorp restated an “overweight” rating and set a $240.00 price target (up from $210.00) on shares of Alibaba Group in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alibaba Group has a consensus rating of “Buy” and a consensus price target of $218.48.

Shares of BABA traded down $1.84 during mid-day trading on Friday, hitting $160.38. 4,467,703 shares of the company traded hands, compared to its average volume of 18,827,298. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $195.72. The firm’s 50 day simple moving average is $170.32. The company has a market capitalization of $400.56 billion, a P/E ratio of 44.67, a PEG ratio of 1.17 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $7.82. The business had revenue of $93.50 billion during the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The company’s revenue was up 51.0% compared to the same quarter last year. During the same period in the prior year, the business posted $5.73 EPS. On average, sell-side analysts predict that Alibaba Group Holding Ltd will post 5.03 earnings per share for the current fiscal year.

Alibaba Group 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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