Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 37.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,563 shares of the specialty retailer’s stock after selling 32,660 shares during the quarter. Penserra Capital Management LLC’s holdings in Alibaba Group were worth $5,684,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Concord Wealth Partners boosted its stake in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group during the second quarter worth approximately $27,000. Highline Wealth Partners LLC purchased a new position in shares of Alibaba Group in the 3rd quarter worth $36,000. First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group in the 2nd quarter valued at about $25,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 209 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Susquehanna dropped their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a report on Monday, August 19th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Barclays reduced their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $83.13 on Monday. The company’s 50 day moving average price is $98.42 and its two-hundred day moving average price is $85.92. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The firm has a market capitalization of $199.05 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.42 and a beta of 0.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.41.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.82 EPS. On average, equities analysts forecast that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.