Newbridge Financial Services Group Inc. Sells 3,600 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Newbridge Financial Services Group Inc. reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 83.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 698 shares of the specialty retailer’s stock after selling 3,600 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Alibaba Group were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanders Capital LLC raised its holdings in shares of Alibaba Group by 0.3% in the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after buying an additional 60,667 shares during the last quarter. Hhlr Advisors LTD. raised its stake in shares of Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after acquiring an additional 3,448,152 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Alibaba Group by 1,392.6% during the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after purchasing an additional 5,715,155 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Alibaba Group by 3,180.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after purchasing an additional 3,740,150 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after purchasing an additional 2,959,954 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 7.7 %

BABA opened at $111.48 on Tuesday. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The firm has a market cap of $265.17 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s fifty day moving average is $88.04 and its two-hundred day moving average is $89.79.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

BABA has been the topic of several research reports. Mizuho upped their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird upped their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Benchmark reissued a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Finally, StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.86.

Alibaba Group Company 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.