Natixis Advisors L.P. decreased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 8.2% during the 4th quarter, HoldingsChannel reports. The firm owned 800,333 shares of the specialty retailer’s stock after selling 71,330 shares during the quarter. Alibaba Group comprises 1.1% of Natixis Advisors L.P.’s holdings, making the stock its 12th largest position. Natixis Advisors L.P.’s holdings in Alibaba Group were worth $109,702,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Norway Savings Bank boosted its holdings in Alibaba Group by 640.0% in the fourth quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in Alibaba Group by 80.4% in the fourth quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 82 shares in the last quarter. Baystate Wealth Management LLC bought a new position in Alibaba Group in the fourth quarter worth approximately $31,000. BerganKDV Wealth Management LLC bought a new position in Alibaba Group in the fourth quarter worth approximately $34,000. Finally, Trust Co. of Vermont boosted its holdings in Alibaba Group by 58.9% in the fourth quarter. Trust Co. of Vermont now owns 259 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 39.79% of the company’s stock.
Several brokerages have issued reports on BABA. Stifel Nicolaus reiterated a “buy” rating and issued a $180.00 price target (up previously from $175.00) on shares of Alibaba Group in a report on Thursday, January 31st. Barclays reiterated an “overweight” rating and issued a $200.00 price target (up previously from $195.00) on shares of Alibaba Group in a report on Thursday, January 31st. ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research raised Alibaba Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Finally, Sanford C. Bernstein reissued a “mkt perform” rating on shares of Alibaba Group in a research note on Monday, January 14th. One investment analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $211.07.
BABA opened at $180.36 on Friday. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $211.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $462.62 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.76 and a beta of 2.31.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $10.83. The firm had revenue of $117.28 billion for the quarter, compared to analyst estimates of $118.52 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. Alibaba Group’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 earnings per share. As a group, equities analysts anticipate that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.
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About Alibaba Group
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.
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