Alibaba Group Holding Limited (NYSE:BABA) Recent Ownership Changes

Paterniano Del Favero
Agosto 11, 2017

Investment House Llc decreased Alibaba Group Hldg Ltd (BABA) stake by 7.78% reported in 2016Q4 SEC filing.

Altaba Inc. (NASDAQ:AABA) closed down -0.09 points or -0.15% at $59.77 with 3.07 mln shares exchanging hands. The stock witnessed 1.86% gains, 26.31% gains and 46.86% gains for the 1-month, 3-month and 6-month period, respectively.

Analysts' mean recommendation for Alibaba Group Holding Limited (BABA) stands at 1.70.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. The Matthews International Capital Management Llc holds 1.86 million shares with $163.37 million value, down from 1.97M last quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer's stock valued at $318,000 after buying an additional 30 shares during the period. Alibaba Group Holding Ltd (BABA) now has Return on Equity of 17.49. Schroder Investment Management Group now owns 24,415,309 shares of the specialty retailer's stock worth $2,657,606,000 after buying an additional 776,232 shares during the last quarter. OppenheimerFunds Inc. raised its position in Alibaba Group Holding Limited by 10.4% in the first quarter. Bank of The West now owns 2,463 shares of the specialty retailer's stock valued at $347,000 after buying an additional 73 shares during the period. Lee Financial Co raised its position in Alibaba Group Holding Limited by 45.5% in the second quarter. Green Square Ltd Llc holds 0.08% or 2,877 shares in its portfolio. Verde Servicos Internacionais S.A. acquired a new stake in Alibaba Group Holding Limited during the first quarter valued at approximately $5,211,000. Institutional investors and hedge funds own 36.75% of the company's stock. Connor Clark & Lunn Investment Management Ltd sold 118,846 shares as Alibaba Group Holding (BABA)'s stock rose 22.58%. The new target price indicates a possible upside of 0.12% based on the company's last stock close price. The company has a 50 day moving average price of $149.54 and a 200-day moving average price of $122.11. Alibaba Group Holding Limited has a 1-year low of $84.30 and a 1-year high of $160.39.

The company is expected to report earnings of $0.91 a share for the next quarter. However it has a net margin of 27.60%. During the same period in the previous year, the firm posted $0.47 earnings per share.

Alibaba Group Holding Limited (BABA) is expected to post revenue of $76.64 Billion in the current quarter, according to consensus of 22 analysts. While looking the figure depicted by the Price to Earning we can suggest that the shares of Alibaba Group Holding Limited (BABA) are overvalued. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. It also increased its holding in Under Armour Inc. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of USA & global copyright legislation. Raymond James upgraded Alibaba Group Holding Ltd (NYSE:BABA) rating on Friday, August 12. BidaskClub raised shares of Alibaba Group Holding Limited from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Stifel Nicolaus reiterated a "buy" rating and set a $139.00 target price on shares of Alibaba Group Holding Limited in a report on Friday, June 9th. Barclays PLC lifted their price objective on Alibaba Group Holding Limited to $180.00 and gave the company an "overweight" rating in a report on Wednesday, August 2nd.

In an overview of the current analyst recommendations, Buy count is 3 and Overweight is 1 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively.

Alibaba Group Holding Limited (BABA) has been given an average price target of $170.33 from analysts, according to data collected by Finviz. The Company's investments in oil and natural gas properties are located in Canada, principally in the province of Alberta, with other non-producing holdings in the provinces of Saskatchewan and British Columbia.

Myers Industries, an worldwide manufacturing and distribution company.

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