HRT Financial LLC lessened its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 68.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,755 shares of the specialty retailer’s stock after selling 10,547 shares during the period. HRT Financial LLC’s holdings in Alibaba Group were worth $882,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. InterOcean Capital LLC bought a new position in shares of Alibaba Group during the 2nd quarter valued at $371,000. OppenheimerFunds Inc. grew its holdings in shares of Alibaba Group by 8.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock valued at $2,927,474,000 after purchasing an additional 1,182,927 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Alibaba Group by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,811,366 shares of the specialty retailer’s stock valued at $521,591,000 after purchasing an additional 229,005 shares during the last quarter. One Capital Management LLC bought a new position in shares of Alibaba Group during the 2nd quarter valued at $1,698,000. Finally, Coronation Fund Managers Ltd. bought a new position in shares of Alibaba Group during the 2nd quarter valued at $65,074,000. 38.64% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on BABA. Wells Fargo & Co increased their target price on shares of Alibaba Group from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, June 14th. BNP Paribas began coverage on shares of Alibaba Group in a report on Thursday, June 14th. They set a “buy” rating on the stock. Argus began coverage on shares of Alibaba Group in a research report on Monday, June 25th. They set a “buy” rating and a $275.00 price target for the company. Zacks Investment Research cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, Susquehanna Bancshares reissued a “positive” rating and set a $305.00 price target on shares of Alibaba Group in a research report on Monday, July 9th. Two equities research analysts have rated the stock with a sell rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group currently has an average rating of “Buy” and a consensus price target of $230.46.
Shares of NYSE:BABA traded down $1.50 on Friday, hitting $154.63. The company had a trading volume of 20,261,601 shares, compared to its average volume of 20,051,869. Alibaba Group Holding Ltd has a 1 year low of $152.25 and a 1 year high of $211.70. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The stock has a market cap of $421.98 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of 1.20 and a beta of 2.41.
Alibaba Group (NYSE:BABA) last posted 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). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The company had revenue of $12.23 billion during the quarter, compared to analysts’ expectations of $12.25 billion. Equities analysts forecast that Alibaba Group Holding Ltd will post 3.96 EPS for the current fiscal year.
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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