Greenwoods Asset Management Ltd Cuts Position in Alibaba Group Holding Limited (BABA)

Greenwoods Asset Management Ltd trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 27.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 442,800 shares of the specialty retailer’s stock after selling 166,000 shares during the quarter. Alibaba Group Holding Limited makes up about 7.3% of Greenwoods Asset Management Ltd’s investment portfolio, making the stock its 7th largest holding. Greenwoods Asset Management Ltd’s holdings in Alibaba Group Holding Limited were worth $62,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Shine Investment Advisory Services Inc. bought a new stake in Alibaba Group Holding Limited during the second quarter valued at approximately $102,000. FNY Managed Accounts LLC bought a new stake in Alibaba Group Holding Limited during the first quarter valued at approximately $107,000. Lee Financial Co grew its position in Alibaba Group Holding Limited by 45.5% during the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares during the period. Winch Advisory Services LLC grew its position in Alibaba Group Holding Limited by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares during the period. Finally, WFG Advisors LP grew its position in Alibaba Group Holding Limited by 5.3% during the first quarter. WFG Advisors LP now owns 1,180 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 59 shares during the period. Institutional investors own 37.40% of the company’s stock.

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BABA has been the subject of several recent research reports. Vetr upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $190.25 target price for the company in a research report on Wednesday, September 6th. Barclays PLC boosted their target price on shares of Alibaba Group Holding Limited to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG lowered their price target on shares of Alibaba Group Holding Limited to $199.00 and set a “buy” rating on the stock in a report on Thursday, September 7th. Zacks Investment Research raised shares of Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 price target on the stock in a report on Thursday, June 15th. Finally, BidaskClub downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $169.20.

Shares of Alibaba Group Holding Limited (NYSE BABA) traded down 0.23% during midday trading on Friday, reaching $176.70. The company’s stock had a trading volume of 26,567,550 shares. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $179.93. The company’s 50-day moving average price is $165.20 and its 200 day moving average price is $134.13. The firm has a market capitalization of $449.35 billion, a PE ratio of 59.32 and a beta of 2.62.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, topping the consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same quarter last year, the firm earned $0.74 EPS. On average, equities research analysts forecast that Alibaba Group Holding Limited will post $5.04 earnings per share for the current year.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

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