Missouri Trust & Investment Co Sells 955 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Missouri Trust & Investment Co reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.3% in the third quarter, HoldingsChannel reports. The firm owned 12,180 shares of the specialty retailer’s stock after selling 955 shares during the quarter. Missouri Trust & Investment Co’s holdings in Alibaba Group were worth $1,293,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares in the last quarter. ICA Group Wealth Management LLC increased its holdings in shares of Alibaba Group by 14.6% in the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 128 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Alibaba Group by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after buying an additional 139 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Alibaba Group by 3.0% during the third quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after buying an additional 143 shares during the last quarter. Finally, Concord Wealth Partners grew its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 3.5 %

Shares of NYSE:BABA traded down $3.33 during trading hours on Tuesday, hitting $92.09. The company’s stock had a trading volume of 6,513,809 shares, compared to its average volume of 17,590,820. The firm’s fifty day moving average price is $97.49 and its 200 day moving average price is $85.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $220.55 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 0.42 and a beta of 0.35. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.47 earnings per share. As a group, research analysts expect that Alibaba Group Holding Limited will post 8.51 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BABA shares. Bank of America upped their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley reissued an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. Finally, Barclays boosted their target price on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.53.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.