Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 15.0% during the 3rd quarter, Holdings Channel reports. The firm owned 471,967 shares of the specialty retailer’s stock after selling 83,140 shares during the quarter. Natixis Advisors LLC’s holdings in Alibaba Group were worth $50,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC raised its position in shares of Alibaba Group by 53.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 28,517 shares of the specialty retailer’s stock worth $2,063,000 after purchasing an additional 9,899 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Alibaba Group by 9.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,112 shares of the specialty retailer’s stock worth $13,582,000 after acquiring an additional 16,553 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Alibaba Group in the first quarter valued at $312,000. Jacobi Capital Management LLC boosted its stake in shares of Alibaba Group by 62.9% during the first quarter. Jacobi Capital Management LLC now owns 5,397 shares of the specialty retailer’s stock valued at $391,000 after acquiring an additional 2,084 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Alibaba Group by 44.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 65,670 shares of the specialty retailer’s stock worth $4,752,000 after purchasing an additional 20,163 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA opened at $88.59 on Monday. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a 50 day moving average of $98.18 and a two-hundred day moving average of $85.70. The company has a market cap of $212.12 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.39 and a beta of 0.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. The firm had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 EPS. On average, analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BABA shares. Barclays upped their target price on shares of Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Morgan Stanley reissued an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Robert W. Baird lifted their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial reduced their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.53.

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.