Penserra Capital Management LLC Sells 32,660 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Penserra Capital Management LLC decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 37.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 53,563 shares of the specialty retailer's stock after selling 32,660 shares during the period. Penserra Capital Management LLC's holdings in Alibaba Group were worth $5,684,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concord Wealth Partners boosted its holdings in Alibaba Group by 155.0% in 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 during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group in the 2nd quarter valued at approximately $27,000. Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $36,000. First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group in the 2nd quarter valued at approximately $25,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer's stock valued at $26,000 after buying an additional 209 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 2.9 %

Shares of BABA stock traded up $2.45 during trading hours on Monday, hitting $85.58. 14,859,131 shares of the company were exchanged, compared to its average volume of 17,684,482. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. 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 has a market cap of $204.77 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.41 and a beta of 0.35. The company has a 50 day simple moving average of $98.46 and a two-hundred day simple moving average of $85.97.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period in the previous year, the company posted $1.82 EPS. The firm's revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Alibaba Group Holding Limited will post 8.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Mizuho boosted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Susquehanna lowered 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 report on Monday, August 19th. Robert W. Baird upped their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Morgan Stanley reiterated an "equal weight" rating and set a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. Finally, Barclays lowered their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.07.

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.