Alibaba Group Holding Ltd (BABA) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. reduced its position in Alibaba Group Holding Ltd (NYSE:BABA) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,782 shares of the specialty retailer’s stock after selling 16,825 shares during the period. Cambridge Trust Co.’s holdings in Alibaba Group were worth $3,945,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in shares of Alibaba Group by 1.4% in the third quarter. Baillie Gifford & Co. now owns 45,321,627 shares of the specialty retailer’s stock worth $7,467,191,000 after buying an additional 619,951 shares during the period. Vanguard Group Inc. raised its holdings in shares of Alibaba Group by 2.3% in the third quarter. Vanguard Group Inc. now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after buying an additional 849,659 shares during the period. Vanguard Group Inc raised its holdings in shares of Alibaba Group by 2.3% in the third quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after buying an additional 849,659 shares during the period. Capital Research Global Investors raised its holdings in shares of Alibaba Group by 8.5% in the third quarter. Capital Research Global Investors now owns 21,413,445 shares of the specialty retailer’s stock worth $3,528,079,000 after buying an additional 1,670,726 shares during the period. Finally, OppenheimerFunds Inc. raised its holdings in shares of Alibaba Group by 8.5% in the third quarter. OppenheimerFunds Inc. now owns 17,124,364 shares of the specialty retailer’s stock worth $2,821,410,000 after buying an additional 1,345,385 shares during the period. Institutional investors own 38.77% of the company’s stock.

BABA has been the topic of several recent analyst reports. Susquehanna Bancshares reduced their price target on Alibaba Group from $295.00 to $220.00 and set a “positive” rating on the stock in a report on Monday, October 15th. UBS Group reduced their price target on Alibaba Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. ValuEngine upgraded Alibaba Group from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Macquarie dropped their price objective on Alibaba Group from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 23rd. Finally, Nomura dropped their price objective on Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. Alibaba Group has a consensus rating of “Buy” and an average target price of $211.09.

Shares of BABA stock opened at $167.45 on Tuesday. The firm has a market capitalization of $428.63 billion, a P/E ratio of 41.55, a PEG ratio of 1.63 and a beta of 2.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Alibaba Group Holding Ltd has a 1 year low of $129.77 and a 1 year high of $211.70.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $10.83. The company had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The firm’s quarterly revenue was up 41.3% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. Analysts forecast that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal 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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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