XY Capital Ltd Lowers Stake in Alibaba Group Holding Limited (NYSE:BABA)

XY Capital Ltd reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 69.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,573 shares of the specialty retailer’s stock after selling 152,546 shares during the quarter. Alibaba Group makes up about 2.4% of XY Capital Ltd’s holdings, making the stock its 5th largest position. XY Capital Ltd’s holdings in Alibaba Group were worth $6,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BABA. First Command Advisory Services Inc. bought a new position in Alibaba Group during the second quarter worth about $25,000. GPS Wealth Strategies Group LLC lifted its stake in shares of Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group during the 2nd quarter valued at $27,000. Concord Wealth Partners lifted its position in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the third quarter worth $36,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $94.18 on Friday. The stock’s 50-day moving average is $97.25 and its 200 day moving average is $84.97. The stock has a market cap of $225.56 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 0.46 and a beta of 0.35. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. During the same period last year, the firm posted $2.47 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BABA. Robert W. Baird increased their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, August 16th. Sanford C. Bernstein boosted their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research note on Friday, July 26th. Finally, Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.13.

Alibaba Group Company Profile

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.