Alibaba Group Holding Ltd (NYSE:BABA) Shares Sold by Dubuque Bank & Trust Co.

Dubuque Bank & Trust Co. reduced its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 0.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,544 shares of the specialty retailer’s stock after selling 78 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Alibaba Group were worth $1,764,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. increased its position in Alibaba Group by 9.5% during the 2nd quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock valued at $13,307,578,000 after buying an additional 6,830,518 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Alibaba Group by 9.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 65,655,896 shares of the specialty retailer’s stock valued at $11,125,391,000 after buying an additional 5,932,300 shares in the last quarter. Vanguard Group Inc. increased its position in Alibaba Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 43,961,866 shares of the specialty retailer’s stock valued at $7,449,339,000 after buying an additional 641,497 shares in the last quarter. Invesco Ltd. increased its position in Alibaba Group by 204.2% during the 2nd quarter. Invesco Ltd. now owns 32,935,629 shares of the specialty retailer’s stock valued at $5,580,942,000 after buying an additional 22,110,348 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Alibaba Group by 7.5% in the second quarter. Schroder Investment Management Group now owns 24,523,571 shares of the specialty retailer’s stock valued at $4,155,519,000 after purchasing an additional 1,711,439 shares during the period. 43.42% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on the company. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Friday, September 27th. Raymond James reissued a “buy” rating on shares of Alibaba Group in a report on Tuesday, September 24th. Oppenheimer set a $215.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Tuesday, September 17th. Royal Bank of Canada set a $210.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Macquarie set a $226.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have issued a buy rating to the stock. Alibaba Group presently has an average rating of “Buy” and a consensus price target of $221.64.

BABA stock traded up $0.88 during mid-day trading on Thursday, reaching $166.07. 11,236,606 shares of the company’s stock were exchanged, compared to its average volume of 13,114,894. The company has a market cap of $420.87 billion, a price-to-earnings ratio of 46.26, a price-to-earnings-growth ratio of 1.03 and a beta of 2.27. The stock’s 50 day moving average is $172.93 and its 200 day moving average is $172.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $195.72.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.32. The company had revenue of $114.92 billion for the quarter, compared to the consensus estimate of $111.65 billion. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. Alibaba Group’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 earnings per share. On average, research analysts forecast that Alibaba Group Holding Ltd will post 5.81 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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