Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Banco Santander S.A.

Banco Santander S.A. cut its stake in Alibaba Group Holding Limited (NYSE:BABA) by 17.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,793 shares of the specialty retailer’s stock after selling 13,257 shares during the quarter. Banco Santander S.A.’s holdings in Alibaba Group were worth $6,876,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. acquired a new stake in Alibaba Group during the second quarter worth $25,000. GPS Wealth Strategies Group LLC raised its position in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group during the second quarter worth $27,000. Concord Wealth Partners lifted its stake in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC acquired a new position in Alibaba Group in the 3rd quarter valued at about $36,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Susquehanna dropped their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Finally, Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Stock Down 1.3 %

Alibaba Group stock opened at $85.62 on Friday. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.41. The stock’s 50 day moving average price is $98.45 and its 200 day moving average price is $85.81. The company has a market cap of $205.01 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 0.43 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.82 EPS. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal 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.