Alibaba Group Holding Ltd (BABA) Stake Decreased by Greenleaf Trust

Share on StockTwits

Greenleaf Trust reduced its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the specialty retailer’s stock after selling 603 shares during the period. Greenleaf Trust’s holdings in Alibaba Group were worth $824,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Hillhouse Capital Management Ltd. increased its position in Alibaba Group by 318.7% during the 2nd quarter. Hillhouse Capital Management Ltd. now owns 6,508,438 shares of the specialty retailer’s stock worth $1,207,511,000 after purchasing an additional 4,954,118 shares in the last quarter. Bank of America Corp DE increased its position in Alibaba Group by 32.9% during the 2nd quarter. Bank of America Corp DE now owns 10,608,066 shares of the specialty retailer’s stock worth $1,968,114,000 after purchasing an additional 2,626,882 shares in the last quarter. BlackRock Inc. increased its position in Alibaba Group by 3.4% during the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock worth $11,708,501,000 after purchasing an additional 2,077,793 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in Alibaba Group by 20,210.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,532,621 shares of the specialty retailer’s stock worth $8,224,000 after purchasing an additional 1,525,075 shares in the last quarter. Finally, Morgan Stanley increased its position in Alibaba Group by 8.4% during the 2nd quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock worth $2,963,007,000 after purchasing an additional 1,235,562 shares in the last quarter. Institutional investors and hedge funds own 38.77% of the company’s stock.

BABA has been the subject of several recent research reports. MKM Partners lowered their price objective on shares of Alibaba Group to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 12th. Zacks Investment Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 8th. HSBC initiated coverage on shares of Alibaba Group in a research report on Wednesday, September 12th. They issued a “buy” rating for the company. Goldman Sachs Group increased their price objective on shares of Alibaba Group from $241.00 to $247.00 and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-six have issued a buy rating and three have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $221.76.

Alibaba Group stock opened at $142.28 on Thursday. The company has a market cap of $349.16 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 1.06 and a beta of 2.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 1.44. Alibaba Group Holding Ltd has a 52 week low of $130.06 and a 52 week high of $211.70.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). The business had revenue of $12.23 billion for the quarter, compared to analysts’ expectations of $12.25 billion. Alibaba Group had a net margin of 20.57% and a return on equity of 14.18%. As a group, analysts forecast that Alibaba Group Holding Ltd will post 3.72 earnings per share for the current year.

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.

Read More: Cash Flow Analysis in Stock Selection

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply