Alibaba Group Holding Limited (BABA) Shares Sold by First Business Financial Services Inc.

Alibaba Group Holding Limited (BABA) Shares Sold by First Business Financial Services Inc.

First Business Financial Services Inc. lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 20.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the company’s stock after selling 1,000 shares during the period. First Business Financial Services Inc.’s holdings in Alibaba Group Holding Limited were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Alibaba Group Holding Limited by 38.9% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 576,900 shares of the company’s stock worth $45,881,000 after buying an additional 161,500 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Alibaba Group Holding Limited by 76.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,605,993 shares of the company’s stock valued at $207,255,000 after buying an additional 1,130,509 shares in the last quarter. ClariVest Asset Management LLC raised its stake in shares of Alibaba Group Holding Limited by 131.5% in the second quarter. ClariVest Asset Management LLC now owns 158,111 shares of the company’s stock valued at $12,574,000 after buying an additional 89,811 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Alibaba Group Holding Limited by 1.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 767,361 shares of the company’s stock valued at $61,028,000 after buying an additional 8,235 shares in the last quarter. Finally, Trinity Street Asset Management LLP acquired a new stake in shares of Alibaba Group Holding Limited during the third quarter valued at approximately $67,350,000. Institutional investors own 34.80% of the company’s stock.

Alibaba Group Holding Limited (NYSE:BABA) traded down 0.78% during mid-day trading on Friday, hitting $101.95. 3,164,595 shares of the stock traded hands. Alibaba Group Holding Limited has a 12 month low of $59.25 and a 12 month high of $109.87. The stock’s 50 day moving average is $93.02 and its 200-day moving average is $95.25. The company has a market cap of $253.35 billion, a price-to-earnings ratio of 46.98 and a beta of 2.68.

Alibaba Group Holding Limited (NYSE:BABA) last issued its earnings results on Tuesday, January 24th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.17. Alibaba Group Holding Limited had a net margin of 26.56% and a return on equity of 14.88%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same period in the prior year, the business posted $0.99 earnings per share. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post $3.31 EPS for the current year.

Several brokerages have recently commented on BABA. TheStreet upgraded Alibaba Group Holding Limited to a “buy” rating in a report on Thursday. Robert W. Baird reiterated a “neutral” rating and set a $37.00 price objective on shares of Alibaba Group Holding Limited in a report on Wednesday. HSBC Holdings plc increased their price objective on Alibaba Group Holding Limited to $125.00 in a report on Wednesday. Jefferies Group LLC increased their price objective on Alibaba Group Holding Limited from $103.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 3rd. Finally, Cantor Fitzgerald increased their price objective on Alibaba Group Holding Limited to $120.00 in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Alibaba Group Holding Limited currently has a consensus rating of “Buy” and a consensus price target of $119.05.

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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