Trade Report: Today, Advisory Services Network LLC decides to keep it stake in Alibaba Group Holding Ltd. (BABA) to the level of $316,000

Today, Advisory Services Network LLC decides to keep it stake in Alibaba Group Holding Ltd. (BABA) to the level of $316,000

Advisory Services Network LLC lowered its stake in Alibaba Group Holding Ltd. (NYSE:BABA) by 69.4% during the third quarter, Holdings Channel reports. The institutional investor owned 2,983 shares of the company’s stock after selling 6,750 shares during the period. Advisory Services Network LLC’s holdings in Alibaba Group Holding were worth $316,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Genesis Asset Managers LLP boosted its stake in Alibaba Group Holding by 16.7% in the third quarter. Genesis Asset Managers LLP now owns 3,383,994 shares of the company’s stock valued at $356,842,000 after buying an additional 483,185 shares in the last quarter. First Mercantile Trust Co. increased its stake in Alibaba Group Holding by 8.2% in the third quarter. First Mercantile Trust Co. now owns 4,592 shares of the company’s stock worth $486,000 after buying an additional 348 shares during the period. Atalanta Sosnoff Capital LLC increased its stake in Alibaba Group Holding by 85.5% in the third quarter. Atalanta Sosnoff Capital LLC now owns 697,501 shares of the company’s stock worth $73,788,000 after buying an additional 321,399 shares during the period. Private Asset Management Inc. increased its stake in Alibaba Group Holding by 1.9% in the third quarter. Private Asset Management Inc. now owns 25,043 shares of the company’s stock worth $2,649,000 after buying an additional 470 shares during the period. Finally, Telemus Capital LLC increased its stake in Alibaba Group Holding by 0.4% in the third quarter. Telemus Capital LLC now owns 25,766 shares of the company’s stock worth $2,726,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Alibaba Group Holding Ltd. (NYSE:BABA) traded down 0.02% during trading on Friday, hitting $93.01. The stock had a trading volume of 4,868,511 shares. The company has a market cap of $230.48 billion, a PE ratio of 48.93 and a beta of 2.93. Alibaba Group Holding Ltd. has a 52 week low of $59.25 and a 52 week high of $109.87. The stock has a 50-day moving average price of $99.27 and a 200-day moving average price of $90.87.

Alibaba Group Holding (NYSE:BABA) last announced its earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The firm earned $5.14 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Alibaba Group Holding had a return on equity of 13.29% and a net margin of 26.44%. During the same quarter in the prior year, the business earned $0.57 earnings per share. Equities analysts predict that Alibaba Group Holding Ltd. will post $3.28 EPS for the current year.

Several research analysts have weighed in on BABA shares. Vetr lowered shares of Alibaba Group Holding from a “buy” rating to a “hold” rating and set a $113.29 target price on the stock. in a research report on Thursday, September 22nd. Brean Capital restated a “buy” rating on shares of Alibaba Group Holding in a report on Friday, September 23rd. Deutsche Bank AG raised their price objective on Alibaba Group Holding from $109.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, September 29th. Citigroup Inc. reaffirmed a “buy” rating and set a $138.00 price objective on shares of Alibaba Group Holding in a report on Thursday, September 29th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $132.00 target price on shares of Alibaba Group Holding in a research report on Tuesday, September 27th. Three investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group Holding currently has an average rating of “Buy” and an average target price 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.

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