Field & Main Bank Grows Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Field & Main Bank lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,915 shares of the specialty retailer’s stock after purchasing an additional 760 shares during the period. Field & Main Bank’s holdings in Alibaba Group were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of Alibaba Group by 6.2% during the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,364 shares of the specialty retailer’s stock worth $202,000 after purchasing an additional 80 shares during the last quarter. Asset Management Corp IL ADV lifted its position in Alibaba Group by 20.4% in the third quarter. Asset Management Corp IL ADV now owns 7,672 shares of the specialty retailer’s stock valued at $1,136,000 after acquiring an additional 1,300 shares during the last quarter. Portland Global Advisors LLC lifted its position in Alibaba Group by 2.2% in the third quarter. Portland Global Advisors LLC now owns 14,322 shares of the specialty retailer’s stock valued at $2,120,000 after acquiring an additional 312 shares during the last quarter. Bay Rivers Group lifted its position in Alibaba Group by 2.0% in the third quarter. Bay Rivers Group now owns 5,034 shares of the specialty retailer’s stock valued at $745,000 after acquiring an additional 98 shares during the last quarter. Finally, Teamwork Financial Advisors LLC lifted its position in Alibaba Group by 88.9% in the third quarter. Teamwork Financial Advisors LLC now owns 2,539 shares of the specialty retailer’s stock valued at $376,000 after acquiring an additional 1,195 shares during the last quarter. 23.71% of the stock is owned by institutional investors and hedge funds.

Alibaba Group stock traded up $2.86 during mid-day trading on Thursday, hitting $136.52. 19,956,344 shares of the company’s stock traded hands, compared to its average volume of 20,160,324. The firm has a 50 day simple moving average of $158.79 and a two-hundred day simple moving average of $185.28. Alibaba Group Holding Limited has a fifty-two week low of $131.22 and a fifty-two week high of $279.33. The stock has a market cap of $370.09 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.20 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.76 and a quick ratio of 1.76.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, November 18th. The specialty retailer reported $11.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $9.74. Alibaba Group had a return on equity of 12.39% and a net margin of 15.27%. The business had revenue of $200.69 billion during the quarter, compared to the consensus estimate of $204.97 billion. During the same quarter last year, the firm posted $1.32 EPS. The company’s quarterly revenue was up 29.4% on a year-over-year basis. On average, research analysts anticipate that Alibaba Group Holding Limited will post 7.52 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on BABA shares. Erste Group cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, August 20th. Barclays initiated coverage on shares of Alibaba Group in a research report on Tuesday, November 2nd. They set an “overweight” rating and a $275.00 target price on the stock. Needham & Company LLC lowered their price target on shares of Alibaba Group from $330.00 to $230.00 and set a “buy” rating on the stock in a research report on Tuesday. HSBC lowered their price target on shares of Alibaba Group from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, August 4th. Finally, Raymond James downgraded shares of Alibaba Group from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $300.00 to $240.00 in a research note on Friday, October 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has an average rating of “Buy” and a consensus target price of $247.11.

About Alibaba Group

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale.

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

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