Alibaba Group Holding Ltd (BABA)

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UBS Oconnor LLC Reduces Position in Alibaba Group Holding Limited (BABA)
Posted by Wayne Landers on Jan 13th, 2017
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UBS Oconnor LLC cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 17.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,258 shares of the company’s stock after selling 21,501 shares during the period. UBS Oconnor LLC’s holdings in Alibaba Group Holding Limited were worth $11,029,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BABA. Ayalon Holdings Ltd. boosted its position in shares of Alibaba Group Holding Limited by 28.7% in the third quarter. Ayalon Holdings Ltd. now owns 1,120 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Alibaba Group Holding Limited by 2.5% in the second quarter.

Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock worth $127,000 after buying an additional 39 shares during the last quarter. Van Hulzen Asset Management LLC acquired a new position in shares of Alibaba Group Holding Limited during the third quarter worth about $130,000. Equitec Proprietary Markets LLC acquired a new position in shares of Alibaba Group Holding Limited during the third quarter worth about $148,000.

Finally, Thompson Davis & CO. Inc. boosted its position in shares of Alibaba Group Holding Limited by 47.1% in the third quarter. Thompson Davis & CO. Inc. now owns 1,500 shares of the company’s stock worth $159,000 after buying an additional 480 shares during the last quarter. 34.78% of the stock is owned by institutional investors and hedge funds.



Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at 95.90 on Friday. Alibaba Group Holding Limited has a one year low of $59.25 and a one year high of $109.87. The company has a market cap of $237.64 billion, a P/E ratio of 51.39 and a beta of 2.68. The stock’s 50 day moving average is $91.24 and its 200-day moving average is $93.93.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. Alibaba Group Holding Limited had a net margin of 26.44% and a return on equity of 13.29%. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the firm earned $0.57 earnings per share. Equities research analysts forecast that Alibaba Group Holding Limited will post $3.22 earnings per share for the current year.

BABA has been the topic of a number of recent analyst reports. Bank of America Corporation reissued a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Alibaba Group Holding Limited in a research report on Tuesday, September 20th. Stifel Nicolaus lifted their price target on shares of Alibaba Group Holding Limited from $104.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, September 22nd.

Vetr cut shares of Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $113.29 price target on the stock. in a research report on Thursday, September 22nd. Brean Capital reissued a “buy” rating on shares of Alibaba Group Holding Limited in a research report on Friday, September 23rd. Finally, MKM Partners reissued a “buy” rating and set a $130.00 price target on shares of Alibaba Group Holding Limited in a research report on Tuesday, September 27th. Four investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $118.31.

Alibaba Group Holding Limited Company Profile

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.






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