Quattro Financial Advisors LLC Has $9.99 Million Stake in Alibaba Group Holding Ltd (NYSE:BABA)

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Quattro Financial Advisors LLC decreased its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 67.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,887 shares of the specialty retailer’s stock after selling 81,234 shares during the quarter. Alibaba Group makes up about 2.6% of Quattro Financial Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Quattro Financial Advisors LLC’s holdings in Alibaba Group were worth $9,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BABA. State Street Corp grew its stake in Alibaba Group by 6.7% in the 1st quarter. State Street Corp now owns 37,975,313 shares of the specialty retailer’s stock valued at $7,385,439,000 after buying an additional 2,368,050 shares during the last quarter. Capital Research Global Investors raised its position in Alibaba Group by 3.9% during the fourth quarter. Capital Research Global Investors now owns 28,287,902 shares of the specialty retailer’s stock valued at $5,999,869,000 after purchasing an additional 1,049,252 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Alibaba Group by 12.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 26,753,779 shares of the specialty retailer’s stock worth $5,674,477,000 after buying an additional 2,941,744 shares during the last quarter. Norges Bank acquired a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $5,093,652,000. Finally, Morgan Stanley grew its stake in shares of Alibaba Group by 31.9% during the first quarter. Morgan Stanley now owns 18,356,646 shares of the specialty retailer’s stock worth $3,569,998,000 after buying an additional 4,443,526 shares during the last quarter. Institutional investors own 47.10% of the company’s stock.

A number of research firms have commented on BABA. UBS Group reduced their price target on Alibaba Group from $275.00 to $265.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Zacks Investment Research downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $219.00 price target for the company. in a research note on Thursday, April 16th. Susquehanna Bancshares upped their target price on Alibaba Group from $260.00 to $275.00 in a research report on Tuesday, May 26th. Royal Bank of Canada boosted their target price on shares of Alibaba Group from $230.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Finally, Cfra dropped their price target on shares of Alibaba Group from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and an average target price of $252.42.

Shares of Alibaba Group stock traded down $3.09 during trading on Tuesday, hitting $248.58. 19,696,217 shares of the company’s stock traded hands, compared to its average volume of 18,368,896. The stock has a market capitalization of $625.97 billion, a P/E ratio of 30.79, a PEG ratio of 2.09 and a beta of 1.56. The business has a 50-day simple moving average of $221.73 and a 200-day simple moving average of $210.58. Alibaba Group Holding Ltd has a 1 year low of $151.85 and a 1 year high of $268.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.91 and a quick ratio of 1.91.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, May 22nd. The specialty retailer reported $9.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $8.61. Alibaba Group had a net margin of 29.16% and a return on equity of 14.56%. The firm had revenue of $114.31 billion for the quarter, compared to the consensus estimate of $108.31 billion. During the same period last year, the firm earned $8.57 EPS. The company’s revenue was up 22.3% on a year-over-year basis. On average, equities analysts predict that Alibaba Group Holding Ltd will post 6.94 earnings per share for the current fiscal year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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