Prudential Financial Inc. decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,394,550 shares of the specialty retailer’s stock after selling 140,710 shares during the quarter. Prudential Financial Inc. owned about 0.05% of Alibaba Group Holding Limited worth $240,852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Ronald Blue & Co. LLC increased its holdings in Alibaba Group Holding Limited by 0.7% in the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock worth $487,000 after buying an additional 25 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in Alibaba Group Holding Limited by 1.3% in the second quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock worth $318,000 after purchasing an additional 30 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in Alibaba Group Holding Limited by 2.9% in the second quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock worth $261,000 after purchasing an additional 52 shares during the last quarter. Steinberg Global Asset Management boosted its position in Alibaba Group Holding Limited by 1.9% in the second quarter. Steinberg Global Asset Management now owns 3,190 shares of the specialty retailer’s stock worth $449,000 after purchasing an additional 59 shares during the last quarter. Finally, Partnervest Advisory Services LLC boosted its position in Alibaba Group Holding Limited by 1.8% in the second quarter. Partnervest Advisory Services LLC now owns 3,650 shares of the specialty retailer’s stock worth $514,000 after purchasing an additional 65 shares during the last quarter. 37.45% of the stock is owned by institutional investors.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up $4.63 during trading hours on Tuesday, reaching $187.84. The company had a trading volume of 19,873,148 shares, compared to its average volume of 17,250,000. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $191.22. The firm has a market cap of $481,880.00, a price-to-earnings ratio of 53.26, a P/E/G ratio of 1.56 and a beta of 2.60. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the company posted $0.74 EPS. equities analysts predict that Alibaba Group Holding Limited will post 3.96 earnings per share for the current fiscal year.

BABA has been the topic of several research reports. Vetr cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $160.50 target price on the stock. in a research report on Tuesday, July 11th. Atlantic Securities reissued a “hold” rating on shares of Alibaba Group Holding Limited in a research report on Friday, July 14th. HSBC Holdings plc reaffirmed a “buy” rating and set a $168.00 price objective (up from $162.00) on shares of Alibaba Group Holding Limited in a research report on Saturday, July 22nd. Instinet reaffirmed a “buy” rating on shares of Alibaba Group Holding Limited in a research report on Saturday, July 22nd. Finally, BidaskClub cut Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $183.89.

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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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