HRT Financial LLC Reduces Stake in Alibaba Group Holding Ltd (BABA)

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HRT Financial LLC cut its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 21.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,721 shares of the specialty retailer’s stock after selling 1,034 shares during the period. HRT Financial LLC’s holdings in Alibaba Group were worth $613,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in BABA. Hillhouse Capital Management Ltd. raised its position in shares of Alibaba Group by 318.7% during the second 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 during the period. Bank of America Corp DE raised its position in shares of Alibaba Group by 32.9% during the second 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 during the period. Canada Pension Plan Investment Board raised its position in shares of Alibaba Group by 60.6% during the third quarter. Canada Pension Plan Investment Board now owns 6,051,568 shares of the specialty retailer’s stock worth $997,056,000 after purchasing an additional 2,282,727 shares during the period. BlackRock Inc. grew its holdings in shares of Alibaba Group by 3.4% during the second quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after buying an additional 2,077,793 shares in the last quarter. Finally, Capital World Investors grew its holdings in shares of Alibaba Group by 13.3% during the third quarter. Capital World Investors now owns 16,653,109 shares of the specialty retailer’s stock valued at $2,743,766,000 after buying an additional 1,958,712 shares in the last quarter. 38.67% of the stock is currently owned by institutional investors.

NYSE BABA opened at $140.82 on Wednesday. Alibaba Group Holding Ltd has a twelve month low of $130.06 and a twelve month high of $211.70. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.26. The stock has a market cap of $368.75 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 1.33 and a beta of 2.37.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.19. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The business had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. The firm’s revenue was up 49.6% compared to the same quarter last year. As a group, analysts expect that Alibaba Group Holding Ltd will post 3.48 EPS for the current year.

A number of research analysts have commented on the company. SunTrust Banks lowered their target price on Alibaba Group from $215.00 to $205.00 and set a “buy” rating on the stock in a research note on Thursday, August 23rd. Deutsche Bank set a $196.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Thursday, August 23rd. decreased their price target on Alibaba Group to $196.00 and set a “buy” rating for the company in a research note on Thursday, August 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $256.00 price target on shares of Alibaba Group in a research note on Thursday, August 23rd. Finally, KeyCorp decreased their price target on Alibaba Group from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Friday, August 24th. One investment analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and an average target price of $213.53.

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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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