Burney Co. Cuts Stake in Alibaba Group (BABA)

Burney Co. trimmed its position in Alibaba Group (NYSE:BABA) by 25.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,316 shares of the specialty retailer’s stock after selling 1,115 shares during the period. Burney Co.’s holdings in Alibaba Group were worth $609,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BABA. BlackRock Inc. increased its position in shares of Alibaba Group by 2.6% in the fourth quarter. BlackRock Inc. now owns 56,469,345 shares of the specialty retailer’s stock valued at $9,737,009,000 after acquiring an additional 1,443,555 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Alibaba Group by 7.5% in the fourth quarter. OppenheimerFunds Inc. now owns 16,055,811 shares of the specialty retailer’s stock valued at $2,768,502,000 after acquiring an additional 1,122,712 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Alibaba Group by 4.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 13,467,207 shares of the specialty retailer’s stock valued at $2,322,151,000 after acquiring an additional 519,382 shares during the last quarter. Boussard & Gavaudan Investment Management LLP increased its position in shares of Alibaba Group by 2.6% in the first quarter. Boussard & Gavaudan Investment Management LLP now owns 12,890,558 shares of the specialty retailer’s stock valued at $2,335,558,000 after acquiring an additional 327,300 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Alibaba Group by 3.7% in the fourth quarter. Fisher Asset Management LLC now owns 10,671,199 shares of the specialty retailer’s stock valued at $1,840,035,000 after acquiring an additional 383,104 shares during the last quarter. Institutional investors own 37.77% of the company’s stock.

A number of analysts recently issued reports on BABA shares. Oppenheimer reaffirmed a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a research report on Wednesday, January 24th. Vetr downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 target price on the stock. in a research report on Tuesday, January 23rd. MKM Partners lifted their target price on Alibaba Group to $260.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus lifted their target price on Alibaba Group from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Bank of America reaffirmed a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a research report on Thursday, February 1st. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $216.01.

Shares of NYSE:BABA opened at $196.02 on Friday. Alibaba Group has a 12-month low of $196.30 and a 12-month high of $199.74. The company has a market cap of $503.55 billion, a PE ratio of 48.64, a PEG ratio of 1.22 and a beta of 2.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.89 and a quick ratio of 1.97.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, May 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. The firm had revenue of $9.87 billion for the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. sell-side analysts predict that Alibaba Group will post 5.38 earnings per share for the current fiscal year.

Alibaba Group 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.

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

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