Lindbrook Capital LLC Reduces Stock Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Lindbrook Capital LLC decreased its position in Alibaba Group Holding Ltd (NYSE:BABA) by 81.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 651 shares of the specialty retailer’s stock after selling 2,881 shares during the period. Lindbrook Capital LLC’s holdings in Alibaba Group were worth $110,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. First Business Financial Services Inc. lifted its stake in Alibaba Group by 89.8% in the second quarter. First Business Financial Services Inc. now owns 3,795 shares of the specialty retailer’s stock valued at $643,000 after purchasing an additional 1,795 shares during the last quarter. Carnegie Capital Asset Management LLC raised its holdings in Alibaba Group by 300.0% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 8,192 shares of the specialty retailer’s stock valued at $1,388,000 after acquiring an additional 6,144 shares during the period. Cypress Wealth Services LLC raised its holdings in Alibaba Group by 15.8% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,754 shares of the specialty retailer’s stock valued at $297,000 after acquiring an additional 239 shares during the period. BB&T Corp raised its holdings in Alibaba Group by 0.5% during the 2nd quarter. BB&T Corp now owns 105,992 shares of the specialty retailer’s stock valued at $17,960,000 after acquiring an additional 539 shares during the period. Finally, Confluence Investment Management LLC raised its holdings in Alibaba Group by 1.1% during the 2nd quarter. Confluence Investment Management LLC now owns 9,794 shares of the specialty retailer’s stock valued at $1,660,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 40.77% of the company’s stock.

A number of brokerages have issued reports on BABA. Raymond James lowered their target price on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 16th. Barclays boosted their target price on shares of Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, May 20th. KeyCorp reissued an “overweight” rating and set a $240.00 target price (up previously from $210.00) on shares of Alibaba Group in a report on Tuesday, May 7th. UBS Group set a $210.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a report on Friday, May 24th. One analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $217.70.

Alibaba Group stock opened at $161.00 on Friday. The company has a market capitalization of $409.65 billion, a PE ratio of 44.85, a P/E/G ratio of 1.26 and a beta of 2.30. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The stock has a fifty day moving average price of $170.61. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, topping the consensus estimate of $0.75 by $7.82. The firm had revenue of $93.50 billion for the quarter, compared to analysts’ expectations of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The business’s quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.73 earnings per share. As a group, equities research analysts forecast that Alibaba Group Holding Ltd will post 5.12 EPS for the current year.

Alibaba Group Profile

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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