Newport Asia LLC trimmed its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 5.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,084,900 shares of the specialty retailer’s stock after selling 58,900 shares during the period. Alibaba Group makes up about 30.8% of Newport Asia LLC’s investment portfolio, making the stock its biggest position. Newport Asia LLC’s holdings in Alibaba Group were worth $199,122,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Successful Portfolios LLC lifted its holdings in shares of Alibaba Group by 3.8% during the 1st quarter. Successful Portfolios LLC now owns 1,520 shares of the specialty retailer’s stock worth $277,000 after acquiring an additional 55 shares during the period. Cypress Wealth Services LLC lifted its holdings in Alibaba Group by 3.8% during the 1st quarter. Cypress Wealth Services LLC now owns 1,515 shares of the specialty retailer’s stock valued at $276,000 after purchasing an additional 56 shares during the last quarter. Regentatlantic Capital LLC lifted its holdings in Alibaba Group by 2.4% during the 1st quarter. Regentatlantic Capital LLC now owns 2,598 shares of the specialty retailer’s stock valued at $474,000 after purchasing an additional 61 shares during the last quarter. LFA Lugano Financial Advisors SA lifted its holdings in Alibaba Group by 25.9% during the 1st quarter. LFA Lugano Financial Advisors SA now owns 340 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 70 shares during the last quarter. Finally, Mission Wealth Management LP lifted its holdings in Alibaba Group by 4.6% during the 4th quarter. Mission Wealth Management LP now owns 1,648 shares of the specialty retailer’s stock valued at $226,000 after purchasing an additional 72 shares during the last quarter. 40.74% of the stock is owned by institutional investors.

Shares of NYSE BABA opened at $149.26 on Friday. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $211.70. The stock has a market capitalization of $386.91 billion, a price-to-earnings ratio of 41.58, a P/E/G ratio of 1.10 and a beta of 2.27. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.18.

Alibaba Group (NYSE:BABA) last announced its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $7.82. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The company had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. During the same period in the previous year, the firm posted $5.73 earnings per share. The company’s revenue was up 51.0% on a year-over-year basis. On average, equities research analysts anticipate that Alibaba Group Holding Ltd will post 5.1 earnings per share for the current year.

BABA has been the subject of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a report on Friday, May 24th. Raymond James cut their price target on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. Zacks Investment Research downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. KeyCorp reissued an “overweight” rating and set a $240.00 price target (up from $210.00) on shares of Alibaba Group in a report on Tuesday, May 7th. Finally, Morgan Stanley set a $196.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a report on Tuesday, March 26th. One analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $216.85.

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

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