Fernwood Investment Management LLC Sells 193 Shares of Alibaba Group Holding Ltd (NYSE:BABA)

Fernwood Investment Management LLC lowered its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,868 shares of the specialty retailer’s stock after selling 193 shares during the quarter. Fernwood Investment Management LLC’s holdings in Alibaba Group were worth $1,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BABA. Thoroughbred Financial Services LLC increased its stake in Alibaba Group by 17,466.5% in the second quarter. Thoroughbred Financial Services LLC now owns 4,207,884 shares of the specialty retailer’s stock valued at $420,788,000 after acquiring an additional 4,183,930 shares during the period. BlackRock Inc. grew its stake in Alibaba Group by 5.9% during the first quarter. BlackRock Inc. now owns 71,703,442 shares of the specialty retailer’s stock worth $13,082,292,000 after buying an additional 3,969,960 shares during the last quarter. Investec Asset Management LTD grew its stake in Alibaba Group by 87.4% during the first quarter. Investec Asset Management LTD now owns 5,335,580 shares of the specialty retailer’s stock worth $973,477,000 after buying an additional 2,488,530 shares during the last quarter. FMR LLC grew its stake in Alibaba Group by 11.0% during the first quarter. FMR LLC now owns 20,955,847 shares of the specialty retailer’s stock worth $3,823,395,000 after buying an additional 2,070,115 shares during the last quarter. Finally, Baillie Gifford & Co. grew its stake in Alibaba Group by 3.6% during the first quarter. Baillie Gifford & Co. now owns 49,028,056 shares of the specialty retailer’s stock worth $8,945,169,000 after buying an additional 1,716,763 shares during the last quarter. 41.06% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on BABA. Stifel Nicolaus reaffirmed a “buy” rating and set a $220.00 price objective on shares of Alibaba Group in a research note on Friday, May 24th. UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Barclays upped their price objective on shares of Alibaba Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Royal Bank of Canada set a $210.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Monday. Finally, Mizuho upped their price objective on shares of Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $218.18.



NYSE BABA traded up $2.71 during trading hours on Thursday, hitting $164.77. The company’s stock had a trading volume of 25,717,990 shares, compared to its average volume of 18,413,942. The stock has a fifty day moving average of $169.45. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $195.72. The firm has a market cap of $405.32 billion, a price-to-earnings ratio of 45.90, a P/E/G ratio of 1.43 and a beta of 2.30. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The business had revenue of $93.50 billion for the quarter, compared to analyst estimates of $91.68 billion. During the same period in the prior year, the business posted $5.73 earnings per share. Alibaba Group’s revenue was up 51.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alibaba Group Holding Ltd will post 5.04 EPS for the current year.

Alibaba Group 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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