Alibaba Group Holding Limited (NYSE:BABA) Stock Position Reduced by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,897,495 shares of the specialty retailer’s stock after selling 230,030 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.20% of Alibaba Group worth $519,723,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Generate Investment Management Ltd bought a new position in Alibaba Group during the third quarter valued at approximately $12,656,000. SRN Advisors LLC raised its holdings in shares of Alibaba Group by 76.7% during the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after purchasing an additional 9,663 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Alibaba Group by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after purchasing an additional 50,000 shares in the last quarter. Finally, United Advisor Group LLC acquired a new position in Alibaba Group during the third quarter worth $631,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BABA shares. Bank of America upped their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Susquehanna dropped their target price on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a report on Monday, August 19th. Finally, Loop Capital restated a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Trading Down 2.9 %

Shares of BABA stock opened at $83.13 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a fifty day moving average of $98.42 and a 200-day moving average of $85.92. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The stock has a market cap of $198.91 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 0.41 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

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.