Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 9.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,844 shares of the specialty retailer’s stock after selling 1,843 shares during the period. Gofen & Glossberg LLC IL’s holdings in Alibaba Group were worth $1,915,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Krilogy Financial LLC grew its position in shares of Alibaba Group by 6.1% during the 2nd quarter. Krilogy Financial LLC now owns 2,943 shares of the specialty retailer’s stock valued at $335,000 after buying an additional 168 shares during the last quarter. Atalanta Sosnoff Capital LLC bought a new position in Alibaba Group in the 2nd quarter worth about $1,705,000. Precision Wealth Strategies LLC bought a new position in Alibaba Group in the 2nd quarter worth about $327,000. Arkadios Wealth Advisors grew its position in Alibaba Group by 19.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 13,971 shares of the specialty retailer’s stock worth $1,588,000 after purchasing an additional 2,250 shares during the last quarter. Finally, BerganKDV Wealth Management LLC grew its position in Alibaba Group by 3,985.5% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 5,638 shares of the specialty retailer’s stock worth $641,000 after purchasing an additional 5,500 shares during the last quarter. Institutional investors own 14.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup decreased their price objective on shares of Alibaba Group from $176.00 to $172.00 and set a “buy” rating for the company in a report on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Alibaba Group from $155.00 to $160.00 in a research note on Monday, August 8th. Benchmark increased their target price on shares of Alibaba Group from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 6th. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $115.00 to $130.00 in a research note on Tuesday, July 19th. Finally, The Goldman Sachs Group increased their target price on shares of Alibaba Group from $163.00 to $167.00 in a research note on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $166.53.

Alibaba Group Trading Down 1.1 %

Shares of BABA opened at $80.71 on Friday. The firm has a market capitalization of $213.73 billion, a price-to-earnings ratio of 44.84, a P/E/G ratio of 1.37 and a beta of 0.55. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. Alibaba Group Holding Limited has a 12-month low of $73.28 and a 12-month high of $182.09. The stock’s 50-day moving average price is $93.66 and its 200 day moving average price is $98.45.

Alibaba Group (NYSE:BABAGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The specialty retailer reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.57. Alibaba Group had a net margin of 3.69% and a return on equity of 10.03%. The firm had revenue of $30.69 billion for the quarter, compared to analyst estimates of $31.15 billion. As a group, research analysts predict that Alibaba Group Holding Limited will post 6.32 earnings per share for the current year.

Alibaba Group Company Profile

(Get Rating)

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.

Further Reading

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.