Rathbone Brothers plc Sells 2,502 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Rathbone Brothers plc decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,864 shares of the specialty retailer’s stock after selling 2,502 shares during the quarter. Rathbone Brothers plc’s holdings in Alibaba Group Holding Limited were worth $5,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BABA. First Trust Advisors LP boosted its holdings in shares of Alibaba Group Holding Limited by 17.6% in the third quarter. First Trust Advisors LP now owns 199,042 shares of the specialty retailer’s stock valued at $34,377,000 after purchasing an additional 29,786 shares during the period. Boston Advisors LLC boosted its holdings in shares of Alibaba Group Holding Limited by 24.4% in the third quarter. Boston Advisors LLC now owns 7,213 shares of the specialty retailer’s stock valued at $1,246,000 after purchasing an additional 1,413 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Alibaba Group Holding Limited by 2.9% in the third quarter. Xact Kapitalforvaltning AB now owns 243,247 shares of the specialty retailer’s stock valued at $42,011,000 after purchasing an additional 6,900 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Alibaba Group Holding Limited by 13.5% in the third quarter. Handelsbanken Fonder AB now owns 1,396,180 shares of the specialty retailer’s stock valued at $241,134,000 after purchasing an additional 166,430 shares during the period. Finally, KEYWISE CAPITAL MANAGEMENT Ltd boosted its holdings in shares of Alibaba Group Holding Limited by 284.2% in the third quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 396,143 shares of the specialty retailer’s stock valued at $68,418,000 after purchasing an additional 293,023 shares during the period. 37.45% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on BABA. Macquarie increased their price objective on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Bank of America Corporation increased their price objective on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 18th. SunTrust Banks, Inc. started coverage on Alibaba Group Holding Limited in a research report on Tuesday, August 15th. They issued a “buy” rating and a $175.00 target price on the stock. KeyCorp set a $182.00 target price on Alibaba Group Holding Limited and gave the company an “overweight” rating in a research report on Friday, August 18th. Finally, MKM Partners upped their target price on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. Alibaba Group Holding Limited currently has an average rating of “Buy” and an average price target of $184.20.

Shares of Alibaba Group Holding Limited (BABA) opened at $186.41 on Friday. The stock has a market cap of $473,851.91, a P/E ratio of 53.78, a PEG ratio of 1.40 and a beta of 2.61. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.16 billion. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. During the same quarter last year, the firm earned $0.74 EPS. research analysts forecast that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

WARNING: This article was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/12/rathbone-brothers-plc-cuts-stake-in-alibaba-group-holding-limited-baba.html.

Alibaba Group Holding Limited Company Profile

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.

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

Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply