Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,543 shares of the specialty retailer’s stock after selling 997 shares during the quarter. D.A. Davidson & CO.’s holdings in Alibaba Group were worth $741,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BABA. Fairfield Bush & CO. acquired a new stake in shares of Alibaba Group in the first quarter valued at $53,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Alibaba Group in the first quarter valued at $2,452,000. Dakota Wealth Management acquired a new stake in shares of Alibaba Group in the first quarter valued at $390,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Alibaba Group by 11.3% in the first quarter. Sequoia Financial Advisors LLC now owns 7,342 shares of the specialty retailer’s stock valued at $799,000 after buying an additional 743 shares during the period. Finally, Zions Bancorporation N.A. lifted its holdings in shares of Alibaba Group by 46.0% in the first quarter. Zions Bancorporation N.A. now owns 7,816 shares of the specialty retailer’s stock valued at $850,000 after buying an additional 2,464 shares during the period. Institutional investors and hedge funds own 14.22% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of several research analyst reports. Robert W. Baird cut their price objective on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. UBS Group reaffirmed a “buy” rating and set a $127.00 target price (up from $120.00) on shares of Alibaba Group in a report on Wednesday, November 1st. StockNews.com downgraded Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $90.00 target price (down from $110.00) on shares of Alibaba Group in a report on Friday, December 1st. Finally, Barclays dropped their price target on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.44.

Get Our Latest Stock Analysis on BABA

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $73.14 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $185.58 billion, a price-to-earnings ratio of 13.49 and a beta of 0.47. The business’s 50-day simple moving average is $73.22 and its 200-day simple moving average is $81.94. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $106.35.

Alibaba Group (NYSE:BABAGet Free Report) last announced its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter in the previous year, the company earned $2.44 EPS. Alibaba Group’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.94 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The firm also recently announced a — dividend, which was paid on Thursday, January 18th. Investors of record on Thursday, December 21st were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, December 20th. Alibaba Group’s payout ratio is 18.08%.

About Alibaba Group

(Free Report)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

See Also

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

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