Bp Plc Lowers Holdings in Alibaba Group Holding Ltd (BABA)

Bp Plc trimmed its position in Alibaba Group Holding Ltd (NYSE:BABA) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,960 shares of the specialty retailer’s stock after selling 3,725 shares during the quarter. Alibaba Group accounts for 1.0% of Bp Plc’s holdings, making the stock its 17th largest holding. Bp Plc’s holdings in Alibaba Group were worth $31,292,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BABA. InterOcean Capital LLC bought a new position in shares of Alibaba Group in the 2nd quarter worth $371,000. Moneta Group Investment Advisors LLC raised its position in shares of Alibaba Group by 10,334.1% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 110,601 shares of the specialty retailer’s stock worth $520,000 after acquiring an additional 109,541 shares in the last quarter. Palo Capital Inc. bought a new position in shares of Alibaba Group in the 3rd quarter worth $171,000. Bouchey Financial Group Ltd bought a new position in shares of Alibaba Group in the 3rd quarter worth $254,000. Finally, OppenheimerFunds Inc. raised its position in shares of Alibaba Group by 8.1% in the 2nd quarter. OppenheimerFunds Inc. now owns 15,778,979 shares of the specialty retailer’s stock worth $2,927,474,000 after acquiring an additional 1,182,927 shares in the last quarter. Institutional investors and hedge funds own 38.76% of the company’s stock.

Shares of NYSE:BABA opened at $144.64 on Tuesday. Alibaba Group Holding Ltd has a 1 year low of $130.06 and a 1 year high of $211.70. The stock has a market cap of $378.00 billion, a P/E ratio of 35.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.35. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19. The company had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.51 billion. Alibaba Group had a return on equity of 13.15% and a net margin of 19.33%. The firm’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. Research analysts expect that Alibaba Group Holding Ltd will post 3.72 EPS for the current fiscal year.

BABA has been the subject of several recent research reports. Jefferies Financial Group reduced their price target on Alibaba Group to $225.00 and set a “buy” rating for the company in a research report on Friday, August 24th. Argus reduced their price target on Alibaba Group from $275.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, August 24th. UBS Group set a $245.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Friday, August 24th. Nomura reduced their price target on Alibaba Group from $231.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 24th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $256.00 price target on shares of Alibaba Group in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Alibaba Group has an average rating of “Buy” and an average target price of $216.02.

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About Alibaba Group

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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