Alibaba Group Holding Ltd (NYSE:BABA) Holdings Cut by First United Bank Trust

First United Bank Trust lowered its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,505 shares of the specialty retailer’s stock after selling 81 shares during the quarter. First United Bank Trust’s holdings in Alibaba Group were worth $1,187,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Winslow Evans & Crocker Inc. raised its stake in Alibaba Group by 5.4% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,296 shares of the specialty retailer’s stock valued at $180,000 after purchasing an additional 66 shares in the last quarter. Enterprise Financial Services Corp raised its position in shares of Alibaba Group by 25.5% in the 4th quarter. Enterprise Financial Services Corp now owns 354 shares of the specialty retailer’s stock valued at $49,000 after purchasing an additional 72 shares during the last quarter. Mission Wealth Management LP raised its position in shares of Alibaba Group by 4.6% in the 4th quarter. Mission Wealth Management LP now owns 1,648 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 72 shares during the last quarter. Arete Wealth Advisors LLC raised its position in Alibaba Group by 3.2% during the 4th quarter. Arete Wealth Advisors LLC now owns 2,365 shares of the specialty retailer’s stock worth $324,000 after buying an additional 74 shares during the last quarter. Finally, Arcadia Investment Management Corp MI raised its position in Alibaba Group by 18.3% during the 4th quarter. Arcadia Investment Management Corp MI now owns 485 shares of the specialty retailer’s stock worth $66,000 after buying an additional 75 shares during the last quarter. Institutional investors own 40.34% of the company’s stock.

A number of equities research analysts recently issued reports on BABA shares. Zacks Investment Research raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Barclays boosted their price target on shares of Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Robert W. Baird upped their price target on Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Morgan Stanley set a $196.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Finally, ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and an average price target of $211.54.

Alibaba Group stock opened at $195.21 on Friday. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $211.70. The company has a market cap of $484.85 billion, a PE ratio of 48.44, a P/E/G ratio of 1.56 and a beta of 2.27. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $10.83. The firm had revenue of $117.28 billion during the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The company’s revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. On average, equities analysts expect that Alibaba Group Holding Ltd will post 3.68 EPS for the current fiscal year.

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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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