Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,178 shares of the specialty retailer’s stock after selling 250 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Alibaba Group were worth $1,193,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in Alibaba Group in the first quarter valued at $529,000. Envestnet Portfolio Solutions Inc. boosted its stake in Alibaba Group by 8.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,279 shares of the specialty retailer’s stock valued at $599,000 after purchasing an additional 632 shares during the period. Oppenheimer Asset Management Inc. grew its position in Alibaba Group by 10.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 31,884 shares of the specialty retailer’s stock worth $2,307,000 after purchasing an additional 2,929 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Alibaba Group by 123.1% in the first quarter. Concurrent Investment Advisors LLC now owns 7,158 shares of the specialty retailer’s stock valued at $518,000 after purchasing an additional 3,950 shares during the period. Finally, Chilton Capital Management LLC bought a new stake in shares of Alibaba Group during the first quarter valued at approximately $190,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA traded down $5.95 during trading on Friday, hitting $94.19. The company had a trading volume of 24,879,795 shares, compared to its average volume of 15,538,736. The company has a market cap of $225.58 billion, a P/E ratio of 24.66, a PEG ratio of 0.43 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The business’s 50-day moving average is $97.25 and its 200 day moving average is $84.97. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. Alibaba Group’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.47 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the subject of a number of recent analyst reports. Bank of America increased their price objective on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Loop Capital reissued a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Susquehanna cut their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. Finally, Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $113.13.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.