Banque Cantonale Vaudoise Sells 19,589 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Banque Cantonale Vaudoise trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 44.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 24,628 shares of the specialty retailer’s stock after selling 19,589 shares during the period. Banque Cantonale Vaudoise’s holdings in Alibaba Group were worth $2,614,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in Alibaba Group in the first quarter valued at $312,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Alibaba Group by 44.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 65,670 shares of the specialty retailer’s stock valued at $4,752,000 after purchasing an additional 20,163 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Alibaba Group by 462.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after purchasing an additional 139,134 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Alibaba Group during the 1st quarter worth about $87,000. Finally, CreativeOne Wealth LLC bought a new position in Alibaba Group during the 1st quarter valued at about $853,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on BABA. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Sanford C. Bernstein raised their price target on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Truist Financial reduced their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Barclays cut their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Loop Capital restated a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Trading Down 2.6 %

NYSE:BABA opened at $87.07 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The firm has a market capitalization of $208.48 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.39 and a beta of 0.35. The business’s 50-day moving average price is $98.41 and its two-hundred day moving average price is $85.81.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.23%. Alibaba Group’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.82 EPS. On average, equities analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Alibaba Group Profile

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.