First Trust Advisors LP decreased its stake in Alibaba Group Holding Ltd. (NYSE:BABA) by 13.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,500 shares of the company’s stock after selling 20,358 shares during the period. First Trust Advisors LP’s holdings in Alibaba Group Holding were worth $14,123,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd increased its stake in shares of Alibaba Group Holding by 13.7% in the second quarter. Temasek Holdings Private Ltd now owns 54,076,397 shares of the company’s stock valued at $4,300,696,000 after buying an additional 6,526,596 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Alibaba Group Holding by 7.5% in the second quarter. Baillie Gifford & Co. now owns 45,856,303 shares of the company’s stock valued at $3,646,951,000 after buying an additional 3,192,797 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Alibaba Group Holding by 10.3% in the second quarter. Capital Research Global Investors now owns 36,121,491 shares of the company’s stock valued at $2,872,742,000 after buying an additional 3,383,013 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Alibaba Group Holding by 32.3% in the third quarter. Jennison Associates LLC now owns 22,516,980 shares of the company’s stock valued at $2,382,071,000 after buying an additional 5,496,854 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of Alibaba Group Holding by 1.2% in the second quarter. Capital World Investors now owns 19,969,350 shares of the company’s stock valued at $1,588,162,000 after buying an additional 240,000 shares during the last quarter. Institutional investors own 34.93% of the company’s stock.

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

Alibaba Group Holding Ltd. (NYSE:BABA) traded up 1.21% during mid-day trading on Tuesday, hitting $94.89. The company had a trading volume of 6,186,055 shares. The company’s 50 day moving average price is $98.92 and its 200-day moving average price is $91.14. Alibaba Group Holding Ltd. has a 12-month low of $59.25 and a 12-month high of $109.87. The firm has a market capitalization of $235.14 billion, a PE ratio of 50.69 and a beta of 2.93.

Alibaba Group Holding (NYSE:BABA) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Alibaba Group Holding had a net margin of 26.44% and a return on equity of 13.29%. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, analysts forecast that Alibaba Group Holding Ltd. will post $3.26 EPS for the current fiscal year.

WARNING: “Alibaba Group Holding Ltd. (BABA) Stake Lowered by First Trust Advisors LP” was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece of content on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/29/alibaba-group-holding-ltd-baba-stake-lowered-by-first-trust-advisors-lp.html.

Several research firms have commented on BABA. Evercore ISI upped their price target on Alibaba Group Holding from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 12th. Jefferies Group upped their price target on Alibaba Group Holding from $103.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 3rd. Brean Capital upped their price target on Alibaba Group Holding from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 12th. RBC Capital Markets upped their price target on Alibaba Group Holding from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $125.00 price target on shares of Alibaba Group Holding in a report on Tuesday, November 1st. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $117.01.

About Alibaba Group Holding

Alibaba Group Holding Limited is a holding company. The Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (the PRC or China) and internationally.

5 Day Chart for NYSE:BABA

Receive News & Stock Ratings for Alibaba Group Holding Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Ltd. and related stocks with our FREE daily email newsletter.