Alibaba Group Holding Ltd (NYSE:BABA) Shares Sold by Mid Atlantic Financial Management Inc. ADV

Mid Atlantic Financial Management Inc. ADV cut its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,229 shares of the specialty retailer’s stock after selling 269 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Alibaba Group were worth $1,225,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of Alibaba Group by 5.9% during the first quarter. BlackRock Inc. now owns 71,703,442 shares of the specialty retailer’s stock worth $13,082,292,000 after purchasing an additional 3,969,960 shares in the last quarter. Baillie Gifford & Co. increased its position in Alibaba Group by 3.6% in the 1st quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock valued at $8,945,169,000 after acquiring an additional 1,716,763 shares during the period. FMR LLC increased its position in Alibaba Group by 11.0% in the 1st quarter. FMR LLC now owns 20,955,847 shares of the specialty retailer’s stock valued at $3,823,395,000 after acquiring an additional 2,070,115 shares during the period. FIL Ltd increased its position in Alibaba Group by 4.9% in the 1st quarter. FIL Ltd now owns 14,935,906 shares of the specialty retailer’s stock valued at $2,725,056,000 after acquiring an additional 703,227 shares during the period. Finally, Northern Trust Corp increased its position in Alibaba Group by 1.9% in the 1st quarter. Northern Trust Corp now owns 8,578,515 shares of the specialty retailer’s stock valued at $1,565,149,000 after acquiring an additional 160,992 shares during the period. Institutional investors own 42.12% of the company’s stock.

BABA has been the topic of several recent research reports. Loop Capital initiated coverage on Alibaba Group in a research report on Monday, June 3rd. They issued a “buy” rating and a $250.00 price target on the stock. Raymond James dropped their price target on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. UBS Group set a $210.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Tuesday, June 11th. Stifel Nicolaus boosted their price target on Alibaba Group from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada set a $210.00 price target on Alibaba Group and gave the company a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and a consensus target price of $219.81.

BABA traded down $7.37 during trading on Friday, reaching $164.54. The company’s stock had a trading volume of 19,543,742 shares, compared to its average volume of 19,698,078. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $195.72. The company’s fifty day moving average price is $169.64 and its 200-day moving average price is $172.88. The company has a market capitalization of $445.88 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 1.08 and a beta of 2.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 1.38.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.32. The company had revenue of $114.92 billion for the quarter, compared to analyst estimates of $111.65 billion. Alibaba Group had a return on equity of 14.36% and a net margin of 24.40%. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. Equities analysts predict that Alibaba Group Holding Ltd will post 5.81 earnings per share 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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