AMG National Trust Bank Sells 273 Shares of Alibaba Group Holding Limited (NYSE:BABA)

AMG National Trust Bank lowered its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 36,004 shares of the specialty retailer’s stock after selling 273 shares during the period. AMG National Trust Bank’s holdings in Alibaba Group were worth $3,029,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BABA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Alibaba Group by 3,180.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after acquiring an additional 3,740,150 shares during the last quarter. Hhlr Advisors LTD. increased its position in shares of Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after buying an additional 3,448,152 shares during the period. FMR LLC lifted its holdings in Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after buying an additional 2,959,954 shares during the period. Aspex Management HK Ltd acquired a new position in Alibaba Group in the third quarter valued at $115,995,000. Finally, Bank of Montreal Can acquired a new position in Alibaba Group in the third quarter valued at $63,929,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.5 %

NYSE:BABA opened at $140.59 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a 50-day moving average of $105.46 and a 200-day moving average of $96.70. The company has a market cap of $334.04 billion, a PE ratio of 20.32, a PEG ratio of 0.61 and a beta of 0.31. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.36.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on BABA. Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Mizuho boosted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Citigroup boosted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $100.00 to $180.00 in a report on Monday, February 24th. Finally, Robert W. Baird boosted their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $144.07.

About Alibaba Group

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.