Banque Cantonale Vaudoise Sells 19,589 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Banque Cantonale Vaudoise decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 44.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,628 shares of the specialty retailer's stock after selling 19,589 shares during the period. Banque Cantonale Vaudoise's holdings in Alibaba Group were worth $2,614,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its stake in shares of Alibaba Group by 462.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer's stock worth $12,275,000 after purchasing an additional 139,134 shares during the period. Generate Investment Management Ltd acquired a new stake in Alibaba Group during the third quarter valued at approximately $12,656,000. SRN Advisors LLC boosted its holdings in shares of Alibaba Group by 76.7% in the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer's stock worth $1,611,000 after acquiring an additional 9,663 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer's stock worth $3,047,000 after acquiring an additional 11,192 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Alibaba Group by 6.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer's stock worth $87,327,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analyst Weigh In

BABA has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. Barclays lowered their target price on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday. Susquehanna reduced their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a "positive" rating for the company in a research note on Monday, August 19th. Mizuho increased their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird increased their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.07.

Alibaba Group Stock Performance

Alibaba Group stock traded down $0.34 during trading hours on Wednesday, hitting $86.77. The company had a trading volume of 15,150,421 shares, compared to its average volume of 17,671,164. The firm has a market cap of $207.76 billion, a PE ratio of 17.60, a PEG ratio of 0.39 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. The firm has a 50-day moving average of $98.45 and a 200 day moving average of $85.82.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.23%. The firm had revenue of $236.50 billion for the quarter, compared to analysts' expectations of $239.45 billion. During the same period in the prior year, the firm earned $1.82 EPS. The business's revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

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.