Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by DNB Asset Management AS

DNB Asset Management AS cut its holdings in Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 16.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,113 shares of the specialty retailer’s stock after selling 9,283 shares during the period. DNB Asset Management AS’s holdings in Alibaba Group were worth $5,018,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Addison Advisors LLC increased its position in shares of Alibaba Group by 50.0% during the fourth quarter. Addison Advisors LLC now owns 255 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 85 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Alibaba Group by 1.5% during the third quarter. Moors & Cabot Inc. now owns 5,954 shares of the specialty retailer’s stock worth $875,000 after purchasing an additional 86 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in shares of Alibaba Group by 74.1% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 235 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Laurel Wealth Advisors Inc. increased its position in shares of Alibaba Group by 6.6% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 1,687 shares of the specialty retailer’s stock worth $200,000 after purchasing an additional 104 shares in the last quarter. Finally, North Star Investment Management Corp. increased its position in shares of Alibaba Group by 6.4% during the fourth quarter. North Star Investment Management Corp. now owns 1,819 shares of the specialty retailer’s stock worth $216,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 17.39% of the company’s stock.

Shares of Alibaba Group stock opened at $105.15 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.66 and a quick ratio of 1.64. Alibaba Group Holding Limited has a 1 year low of $73.28 and a 1 year high of $230.89. The company has a market capitalization of $285.05 billion, a P/E ratio of 34.25, a P/E/G ratio of 1.72 and a beta of 0.91. The business has a 50 day moving average price of $94.42 and a 200 day moving average price of $108.29.

Alibaba Group (NYSE:BABAGet Rating) last issued its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $1.45 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.78. The company had revenue of $204.05 billion during the quarter, compared to the consensus estimate of $199.43 billion. Alibaba Group had a return on equity of 11.17% and a net margin of 6.35%. Alibaba Group’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. As a group, research analysts expect that Alibaba Group Holding Limited will post 6.34 EPS for the current fiscal year.

A number of analysts have recently commented on the company. Morgan Stanley cut their target price on Alibaba Group from $165.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, February 25th. Bank of America lowered their price target on Alibaba Group from $203.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, February 25th. UBS Group lowered their price target on Alibaba Group from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 11th. JPMorgan Chase & Co. raised Alibaba Group from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $130.00 in a report on Monday, May 16th. Finally, HSBC lowered their price target on Alibaba Group from $168.00 to $156.00 and set a “buy” rating on the stock in a report on Friday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average price target of $188.49.

Alibaba Group Profile (Get Rating)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through 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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