Natixis Advisors LLC Trims Stake in Alibaba Group Holding Limited (NYSE:BABA)

Natixis Advisors LLC decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 15.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 institutional investors and hedge funds have also bought and sold shares of the stock. Venturi Wealth Management LLC boosted its stake in shares of Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer's stock valued at $228,000 after purchasing an additional 121 shares during the last quarter. ICA Group Wealth Management LLC grew its holdings in Alibaba Group by 14.6% during the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer's stock worth $72,000 after acquiring an additional 128 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer's stock worth $361,000 after acquiring an additional 139 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Alibaba Group by 3.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer's stock valued at $515,000 after purchasing an additional 143 shares during the period. Finally, Concord Wealth Partners boosted its position in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on BABA. Morgan Stanley reiterated an "equal weight" rating and issued a $90.00 target price on shares of Alibaba Group in a report on Friday, August 23rd. Barclays lifted their price objective on shares of Alibaba Group from $107.00 to $137.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Mizuho increased their target price 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. Robert W. Baird raised their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $116.00 price objective on shares of Alibaba Group in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Alibaba Group currently has an average rating of "Moderate Buy" and a consensus target price of $114.53.

Alibaba Group Stock Performance

Alibaba Group stock traded up $0.78 during mid-day trading on Monday, reaching $89.37. The company's stock had a trading volume of 13,482,414 shares, compared to its average volume of 17,669,006. The firm's fifty day moving average price is $98.18 and its two-hundred day moving average price is $85.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The company has a market capitalization of $213.99 billion, a P/E ratio of 17.85, a PEG ratio of 0.39 and a beta of 0.35.

Alibaba Group (NYSE:BABA - Get Free Report) last announced 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 return on equity of 12.08% and a net margin of 7.31%. The company had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts predict that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal year.

Alibaba Group 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.