Alibaba Group Holding Ltd (NYSE:BABA) Shares Sold by Meridian Management Co.

Meridian Management Co. cut its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,840 shares of the specialty retailer’s stock after selling 163 shares during the period. Alibaba Group makes up 1.6% of Meridian Management Co.’s investment portfolio, making the stock its 16th largest position. Meridian Management Co.’s holdings in Alibaba Group were worth $3,485,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Alibaba Group by 9.5% during the second 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 lifted its position in Alibaba Group by 9.9% during the second 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. lifted its position in Alibaba Group by 1.5% during the second 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. lifted its position in Alibaba Group by 204.2% during the second 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 lifted its position in Alibaba Group by 7.5% during 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 buying an additional 1,711,439 shares in the last quarter. 43.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:BABA traded down $4.49 during midday trading on Wednesday, reaching $182.48. The company had a trading volume of 14,334,024 shares, compared to its average volume of 14,919,926. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s fifty day moving average price is $173.84 and its 200-day moving average price is $171.00. The stock has a market capitalization of $468.81 billion, a P/E ratio of 50.83, a PEG ratio of 1.22 and a beta of 2.26. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $195.72.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.30. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.72 billion. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. As a group, sell-side analysts forecast that Alibaba Group Holding Ltd will post 5.94 earnings per share for the current year.

A number of brokerages have weighed in on BABA. Oppenheimer set a $215.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, September 17th. Jefferies Financial Group started coverage on shares of Alibaba Group in a research report on Monday, August 5th. They set a “buy” rating and a $216.00 target price on the stock. Goldman Sachs Group set a $236.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Robert W. Baird set a $200.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James reissued a “buy” rating on shares of Alibaba Group in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty-five have issued a buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $225.78.

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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