The Alibaba Group Holding Limited (BABA) Position Cut by Trellus Management Company LLC

The Alibaba Group Holding Limited (BABA) Position Cut by Trellus Management Company LLC

Trellus Management Company LLC decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 47.4% during the third quarter, Holdings Channel reports. The institutional investor owned 5,000 shares of the company’s stock after selling 4,500 shares during the period. Trellus Management Company LLC’s holdings in Alibaba Group Holding Limited were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BABA. SignalPoint Asset Management LLC boosted its position in Alibaba Group Holding Limited by 4.9% in the second quarter. SignalPoint Asset Management LLC now owns 2,844 shares of the company’s stock valued at $226,000 after buying an additional 132 shares in the last quarter. Standard Life Investments LTD boosted its position in Alibaba Group Holding Limited by 299.3% in the second quarter. Standard Life Investments LTD now owns 1,375,470 shares of the company’s stock valued at $109,350,000 after buying an additional 1,031,005 shares in the last quarter. ING Groep NV boosted its position in Alibaba Group Holding Limited by 1.9% in the second quarter. ING Groep NV now owns 34,139 shares of the company’s stock valued at $2,714,000 after buying an additional 645 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in Alibaba Group Holding Limited during the second quarter valued at about $207,000. Finally, Markston International LLC boosted its position in Alibaba Group Holding Limited by 25.5% in the second quarter. Markston International LLC now owns 23,602 shares of the company’s stock valued at $1,877,000 after buying an additional 4,800 shares in the last quarter. Institutional investors and hedge funds own 34.76% of the company’s stock.

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down 0.12% during midday trading on Wednesday, hitting $96.00. The stock had a trading volume of 6,610,650 shares. The firm has a 50 day moving average price of $91.41 and a 200 day moving average price of $94.57. Alibaba Group Holding Limited has a one year low of $59.25 and a one year high of $109.87. The stock has a market cap of $237.89 billion, a PE ratio of 51.28 and a beta of 2.68.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Alibaba Group Holding Limited had a return on equity of 13.29% and a net margin of 26.44%. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the company earned $0.57 EPS. On average, equities analysts forecast that Alibaba Group Holding Limited will post $3.26 earnings per share for the current fiscal year.

Several research firms have issued reports on BABA. Brean Capital restated a “buy” rating on shares of Alibaba Group Holding Limited in a research note on Friday, September 23rd. Vetr cut shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $113.29 price objective on the stock. in a research note on Thursday, September 22nd. Citigroup Inc. reiterated a “buy” rating and issued a $138.00 price objective on shares of Alibaba Group Holding Limited in a research note on Thursday, September 29th. Deutsche Bank AG increased their price objective on shares of Alibaba Group Holding Limited from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, September 29th. Finally, Daiwa Capital Markets increased their price objective on shares of Alibaba Group Holding Limited from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Four analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Alibaba Group Holding Limited has an average rating of “Buy” and a consensus target price of $118.34.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. The Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (the PRC or China) and internationally.

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