Alibaba Group Holding Ltd (NYSE:BABA) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lessened its position in Alibaba Group Holding Ltd (NYSE:BABA) by 47.7% during the second quarter, Holdings Channel reports. The fund owned 2,008 shares of the specialty retailer’s stock after selling 1,835 shares during the quarter. Prospera Financial Services Inc’s holdings in Alibaba Group were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC grew its stake in shares of Alibaba Group by 1.4% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 4,691 shares of the specialty retailer’s stock worth $795,000 after purchasing an additional 63 shares during the last quarter. Vicus Capital boosted its holdings in shares of Alibaba Group by 2.9% in the second quarter. Vicus Capital now owns 2,249 shares of the specialty retailer’s stock worth $381,000 after buying an additional 63 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Alibaba Group by 21.9% in the second quarter. Larson Financial Group LLC now owns 367 shares of the specialty retailer’s stock worth $62,000 after buying an additional 66 shares during the period. Asset Dedication LLC boosted its holdings in shares of Alibaba Group by 12.4% in the second quarter. Asset Dedication LLC now owns 636 shares of the specialty retailer’s stock worth $108,000 after buying an additional 70 shares during the period. Finally, Weatherly Asset Management L. P. boosted its holdings in shares of Alibaba Group by 3.6% in the second quarter. Weatherly Asset Management L. P. now owns 2,082 shares of the specialty retailer’s stock worth $353,000 after buying an additional 73 shares during the period. 43.42% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on BABA. Royal Bank of Canada set a $210.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Monday, August 12th. KeyCorp raised their price target on shares of Alibaba Group from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Friday, July 12th. Goldman Sachs Group set a $236.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Bank of America set a $233.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $219.92.



NYSE BABA traded up $1.92 during trading on Thursday, reaching $181.92. The company’s stock had a trading volume of 1,458,459 shares, compared to its average volume of 9,899,438. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $450.54 billion, a PE ratio of 50.65, a PEG ratio of 1.09 and a beta of 2.28. The business has a 50-day moving average price of $170.06 and a 200-day moving average price of $173.19. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $195.72.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.32. The firm had revenue of $114.92 billion during the quarter, compared to analysts’ expectations of $111.65 billion. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. The company’s revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, analysts expect that Alibaba Group Holding Ltd will post 5.81 earnings per share for the current year.

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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