Trading Report: Today, Boston Common Asset Management LLC Sold shares of Alibaba Group Holding Ltd. (BABA)

Today, Boston Common Asset Management LLC Sold shares of Alibaba Group Holding Ltd. (BABA)

Boston Common Asset Management LLC lowered its position in shares of Alibaba Group Holding Ltd. (NYSE:BABA) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,416 shares of the company’s stock after selling 3,610 shares during the period. Alibaba Group Holding comprises 1.3% of Boston Common Asset Management LLC’s holdings, making the stock its 13th largest position. Boston Common Asset Management LLC’s holdings in Alibaba Group Holding were worth $23,847,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Cornerstone Advisors Inc. increased its position in shares of Alibaba Group Holding 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 in the last quarter. Van Hulzen Asset Management LLC bought a new position in shares of Alibaba Group Holding during the third quarter worth about $130,000. Equitec Proprietary Markets LLC bought a new position in shares of Alibaba Group Holding during the third quarter worth about $148,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Alibaba Group Holding by 1.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,407 shares of the company’s stock worth $191,000 after buying an additional 31 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new position in shares of Alibaba Group Holding during the second quarter worth about $201,000. 32.40% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Holding Ltd. (NYSE:BABA) traded up 0.08% during trading on Friday, hitting $93.10. The stock had a trading volume of 2,042,047 shares. The firm has a market cap of $230.70 billion, a price-to-earnings ratio of 48.97 and a beta of 2.93. Alibaba Group Holding Ltd. has a one year low of $59.25 and a one year high of $109.87. The stock’s 50-day moving average is $99.88 and its 200 day moving average is $90.77.

Alibaba Group Holding (NYSE:BABA) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Alibaba Group Holding had a return on equity of 13.29% and a net margin of 26.44%. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the business earned $0.57 earnings per share. Equities analysts anticipate that Alibaba Group Holding Ltd. will post $3.28 earnings per share for the current year.

A number of research analysts have recently issued reports on BABA shares. Citigroup Inc. reiterated a “buy” rating and issued a $138.00 price target on shares of Alibaba Group Holding in a report on Thursday, September 29th. Zacks Investment Research upgraded Alibaba Group Holding from a “hold” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a report on Friday, October 14th. Cantor Fitzgerald reiterated a “buy” rating on shares of Alibaba Group Holding in a report on Monday, November 14th. Nomura restated a “buy” rating and set a $129.00 target price (up from $95.00) on shares of Alibaba Group Holding in a research note on Monday, October 17th. Finally, Vetr upgraded Alibaba Group Holding from a “buy” rating to a “strong-buy” rating and set a $120.23 target price on the stock in a research note on Tuesday, October 11th. Three investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $117.01.

Alibaba Group Holding Company Profile

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