Alibaba Group Holding Ltd (BABA) Shares Sold by Andra AP fonden

Andra AP fonden lessened its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 88.4% during the 3rd quarter, Holdings Channel reports. The firm owned 5,000 shares of the specialty retailer’s stock after selling 38,281 shares during the quarter. Andra AP fonden’s holdings in Alibaba Group were worth $824,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Alibaba Group by 3.4% in the 2nd quarter. BlackRock Inc. now owns 63,108,387 shares of the specialty retailer’s stock valued at $11,708,501,000 after buying an additional 2,077,793 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Alibaba Group by 1.5% in the 2nd quarter. Schroder Investment Management Group now owns 22,559,519 shares of the specialty retailer’s stock valued at $4,249,763,000 after buying an additional 328,861 shares during the period. Morgan Stanley lifted its holdings in shares of Alibaba Group by 8.4% in the 2nd quarter. Morgan Stanley now owns 15,970,499 shares of the specialty retailer’s stock valued at $2,963,007,000 after buying an additional 1,235,562 shares during the period. OppenheimerFunds Inc. lifted its holdings 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 valued at $2,927,474,000 after buying an additional 1,182,927 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP lifted its holdings in shares of Alibaba Group by 0.6% in the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 12,970,558 shares of the specialty retailer’s stock valued at $2,413,173,000 after buying an additional 80,000 shares during the period. Institutional investors and hedge funds own 38.77% of the company’s stock.

NYSE BABA opened at $142.87 on Monday. The stock has a market capitalization of $365.91 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 1.11 and a beta of 2.41. Alibaba Group Holding Ltd has a twelve month low of $135.14 and a twelve month high of $211.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26.



Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). The business had revenue of $12.23 billion during the quarter, compared to analyst estimates of $12.25 billion. Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. As a group, equities research analysts expect that Alibaba Group Holding Ltd will post 3.72 EPS for the current year.

Several equities analysts have recently issued reports on BABA shares. Argus decreased their price objective on Alibaba Group from $275.00 to $235.00 and set a “buy” rating for the company in a report on Friday, August 24th. UBS Group set a $245.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Friday, August 24th. Nomura decreased their price objective on Alibaba Group from $231.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 24th. Stifel Nicolaus reissued a “buy” rating and issued a $256.00 price objective on shares of Alibaba Group in a report on Thursday, August 23rd. Finally, MED decreased their price objective on Alibaba Group to $196.00 and set a “buy” rating for the company in a report on Thursday, August 23rd. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and three have assigned a strong buy rating to the stock. Alibaba Group presently has a consensus rating of “Buy” and an average target price of $222.57.

Alibaba Group Company Profile

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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