Alibaba Group Holding Limited (BABA) Shares Sold by British Airways Pensions Investment Management Ltd

British Airways Pensions Investment Management Ltd lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 17.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 443,063 shares of the specialty retailer’s stock after selling 92,033 shares during the quarter. Alibaba Group Holding Limited accounts for approximately 2.3% of British Airways Pensions Investment Management Ltd’s portfolio, making the stock its 5th largest holding. British Airways Pensions Investment Management Ltd’s holdings in Alibaba Group Holding Limited were worth $76,501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ronald Blue & Co. LLC boosted its position in Alibaba Group Holding Limited by 0.7% during the second quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after buying an additional 25 shares during the period. Cornerstone Advisors Inc. boosted its position in Alibaba Group Holding Limited by 1.3% during the second 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. Mosaic Family Wealth LLC boosted its position in Alibaba Group Holding Limited by 2.9% during the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 52 shares during the period. Steinberg Global Asset Management boosted its position in Alibaba Group Holding Limited by 1.9% during the second quarter. Steinberg Global Asset Management now owns 3,190 shares of the specialty retailer’s stock valued at $449,000 after buying an additional 59 shares during the period. Finally, Partnervest Advisory Services LLC boosted its position in Alibaba Group Holding Limited by 1.8% during the second quarter. Partnervest Advisory Services LLC now owns 3,650 shares of the specialty retailer’s stock valued at $514,000 after buying an additional 65 shares during the period. 37.47% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on BABA shares. Zacks Investment Research upgraded shares of Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research report on Thursday, August 17th. Vetr lowered shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 price target for the company. in a research report on Wednesday, August 16th. SunTrust Banks, Inc. started coverage on shares of Alibaba Group Holding Limited in a research report on Tuesday, August 15th. They set a “buy” rating and a $175.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and set a $160.00 price target on shares of Alibaba Group Holding Limited in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus upped their price target on shares of Alibaba Group Holding Limited from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $184.45.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up $3.95 on Friday, hitting $185.43. 18,389,400 shares of the company traded hands, compared to its average volume of 14,860,614. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $191.22. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $473,860.00, a P/E ratio of 52.76, a P/E/G ratio of 1.37 and a beta of 2.60.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 33.18% and a return on equity of 22.83%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter last year, the company posted $0.74 earnings per share. equities analysts predict that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

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About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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