Alibaba Group Holding Limited (NYSE:BABA) Position Decreased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 44.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,628 shares of the specialty retailer’s stock after selling 19,589 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Alibaba Group were worth $2,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Venturi Wealth Management LLC lifted its position in shares of Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after acquiring an additional 121 shares during the last quarter. ICA Group Wealth Management LLC boosted its position in shares of Alibaba Group by 14.6% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 128 shares during the period. Cornerstone Wealth Management LLC increased its stake in 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 purchasing an additional 139 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Alibaba Group by 3.0% during the third quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after buying an additional 143 shares in the last quarter. Finally, Concord Wealth Partners boosted its holdings in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $87.07 on Wednesday. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. The business’s 50 day moving average is $98.41 and its two-hundred day moving average is $85.81. The company has a market cap of $208.48 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.39 and a beta of 0.35. 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 (NYSE:BABA) 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. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.23%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS. On average, equities analysts expect that Alibaba Group Holding Limited will post 8.51 EPS for the current year.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent analyst reports. Loop Capital restated a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. JPMorgan Chase & Co. raised their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Truist Financial dropped their price target on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Barclays decreased their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.07.

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.