Highland Capital Management LLC cut its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 21.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,750 shares of the specialty retailer’s stock after selling 1,275 shares during the period. Highland Capital Management LLC’s holdings in Alibaba Group were worth $783,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. RNC Capital Management LLC lifted its stake in Alibaba Group by 16.9% during the 2nd quarter. RNC Capital Management LLC now owns 1,905 shares of the specialty retailer’s stock valued at $353,000 after acquiring an additional 275 shares in the last quarter. Private Asset Management Inc. lifted its stake in Alibaba Group by 0.9% during the 2nd quarter. Private Asset Management Inc. now owns 30,193 shares of the specialty retailer’s stock valued at $5,542,000 after acquiring an additional 276 shares in the last quarter. First United Bank Trust lifted its stake in Alibaba Group by 4.9% during the 2nd quarter. First United Bank Trust now owns 5,942 shares of the specialty retailer’s stock valued at $1,102,000 after acquiring an additional 280 shares in the last quarter. American National Bank lifted its stake in Alibaba Group by 55.8% during the 2nd quarter. American National Bank now owns 796 shares of the specialty retailer’s stock valued at $148,000 after acquiring an additional 285 shares in the last quarter. Finally, Viridian Ria LLC lifted its stake in Alibaba Group by 5.2% during the 2nd quarter. Viridian Ria LLC now owns 5,749 shares of the specialty retailer’s stock valued at $1,067,000 after acquiring an additional 285 shares in the last quarter. Institutional investors and hedge funds own 38.67% of the company’s stock.

A number of equities research analysts have recently commented on BABA shares. ValuEngine cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. CLSA set a $240.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Monday, September 24th. HSBC started coverage on Alibaba Group in a research note on Wednesday, September 12th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 8th. Finally, MKM Partners lowered their target price on Alibaba Group to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $222.48.

Shares of BABA opened at $142.93 on Friday. Alibaba Group Holding Ltd has a fifty-two week low of $135.14 and a fifty-two week high of $211.70. The stock has a market capitalization of $363.74 billion, a P/E ratio of 39.89, a PEG ratio of 1.10 and a beta of 2.41. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 23rd. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The firm had revenue of $12.23 billion during the quarter, compared to analysts’ expectations of $12.25 billion. Sell-side analysts expect that Alibaba Group Holding Ltd will post 3.72 earnings per share for the current year.

Alibaba Group Company 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.

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

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