Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by EULAV Asset Management

EULAV Asset Management decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 62.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the specialty retailer's stock after selling 50,000 shares during the period. EULAV Asset Management's holdings in Alibaba Group were worth $3,184,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Primecap Management Co. CA raised its stake in Alibaba Group by 5.2% in the second quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer's stock worth $1,574,711,000 after buying an additional 1,074,175 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock valued at $650,043,000 after buying an additional 5,715,155 shares during the period. AMF Tjanstepension AB grew its position in Alibaba Group by 6.9% during the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer's stock valued at $296,062,000 after buying an additional 178,999 shares during the period. Eminence Capital LP raised its stake in shares of Alibaba Group by 9.0% during the 2nd quarter. Eminence Capital LP now owns 1,830,387 shares of the specialty retailer's stock worth $131,788,000 after buying an additional 150,488 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Alibaba Group by 9,205.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer's stock worth $1,801,240,000 after buying an additional 1,679,117 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Loop Capital reiterated a "buy" rating and issued a $115.00 target price on shares of Alibaba Group in a research report on Thursday, August 29th. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Barclays lowered their price target on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday. Truist Financial decreased their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, August 16th. Finally, Bank of America boosted their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.07.

Alibaba Group Stock Performance

NYSE:BABA traded down $0.34 during mid-day trading on Wednesday, reaching $86.77. 15,150,421 shares of the stock were exchanged, compared to its average volume of 17,671,164. The stock has a market capitalization of $207.76 billion, a P/E ratio of 17.71, a P/E/G ratio of 0.39 and a beta of 0.35. The company has a 50 day simple moving average of $98.41 and a 200-day simple moving average of $85.81. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $239.45 billion. During the same period in the prior year, the company posted $1.82 earnings per share. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. Analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

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.