Todd Asset Management LLC Sells 476 Shares of Alibaba Group Holding Ltd (NYSE:BABA)

Todd Asset Management LLC trimmed its position in Alibaba Group Holding Ltd (NYSE:BABA) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 88,302 shares of the specialty retailer’s stock after selling 476 shares during the quarter. Todd Asset Management LLC’s holdings in Alibaba Group were worth $14,963,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Farmers National Bank acquired a new position in shares of Alibaba Group during the 1st quarter worth approximately $25,000. Manchester Capital Management LLC grew its position in shares of Alibaba Group by 171.4% during the 1st quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 96 shares in the last quarter. Lee Financial Co grew its position in shares of Alibaba Group by 194.6% during the 2nd quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Alibaba Group by 100.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. Finally, Coastal Capital Group Inc. acquired a new position in shares of Alibaba Group during the 2nd quarter worth approximately $34,000. 42.12% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on BABA. Jefferies Financial Group began coverage on shares of Alibaba Group in a research report on Monday, August 5th. They set a “buy” rating and a $216.00 target price on the stock. Mizuho increased their target price on shares of Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Loop Capital began coverage on shares of Alibaba Group in a research report on Monday, June 3rd. They set a “buy” rating and a $250.00 target price on the stock. UBS Group set a $210.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Friday, July 12th. One research 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 stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $219.23.

NYSE:BABA traded down $7.37 on Friday, hitting $164.54. The company had a trading volume of 19,543,742 shares, compared to its average volume of 19,574,536. The stock has a market capitalization of $437.41 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 1.06 and a beta of 2.30. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $169.64 and a two-hundred day moving average of $172.88. Alibaba Group Holding Ltd has a 52 week low of $129.77 and a 52 week high of $195.72.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.32. The business had revenue of $114.92 billion during the quarter, compared to the consensus estimate of $111.65 billion. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. As a group, equities analysts forecast that Alibaba Group Holding Ltd will post 5.81 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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