Alibaba Group Holding Ltd (NYSE:BABA) Shares Sold by New Silk Road Investment PTE Ltd.

New Silk Road Investment PTE Ltd. trimmed its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 749,882 shares of the specialty retailer’s stock after selling 11,600 shares during the period. Alibaba Group comprises 68.3% of New Silk Road Investment PTE Ltd.’s investment portfolio, making the stock its biggest holding. New Silk Road Investment PTE Ltd.’s holdings in Alibaba Group were worth $129,302,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $104,000. Lorber David A purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $109,000. San Francisco Sentry Investment Group CA purchased a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $116,000. Highlander Capital Management LLC raised its stake in shares of Alibaba Group by 478.0% in the 3rd quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 717 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Alibaba Group by 29.0% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock valued at $125,000 after acquiring an additional 200 shares during the period. 37.99% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Holding Ltd (NYSE:BABA) traded up $2.13 during midday trading on Wednesday, reaching $184.53. 16,164,747 shares of the company’s stock traded hands, compared to its average volume of 19,296,260. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Ltd has a 12 month low of $95.00 and a 12 month high of $192.49. The firm has a market cap of $472,350.00, a PE ratio of 50.56, a PEG ratio of 1.42 and a beta of 2.52.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, November 2nd. The specialty retailer reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.18. Alibaba Group had a net margin of 30.87% and a return on equity of 17.89%. sell-side analysts predict that Alibaba Group Holding Ltd will post 4.31 earnings per share for the current year.

BABA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. MKM Partners reaffirmed a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a research note on Monday, October 2nd. Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 target price on the stock in a research note on Monday, October 16th. BidaskClub raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Robert W. Baird upped their target price on shares of Alibaba Group from $190.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $188.22.

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Alibaba Group Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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