Loomis Sayles & Co. L P Has $519.72 Million Stake in Alibaba Group Holding Limited (NYSE:BABA)

Loomis Sayles & Co. L P lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,897,495 shares of the specialty retailer’s stock after selling 230,030 shares during the period. Loomis Sayles & Co. L P’s holdings in Alibaba Group were worth $519,723,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. First Command Advisory Services Inc. acquired a new position in Alibaba Group during the 2nd quarter worth $25,000. GPS Wealth Strategies Group LLC raised its position in shares of Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group during the second quarter valued at $27,000. Concord Wealth Partners increased its position in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares during the period. Finally, Highline Wealth Partners LLC bought a new stake in Alibaba Group during the 3rd quarter worth about $36,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 2.9 %

Shares of Alibaba Group stock opened at $83.13 on Monday. The firm has a market cap of $198.91 billion, a PE ratio of 16.86, a P/E/G ratio of 0.41 and a beta of 0.35. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The business’s 50 day simple moving average is $98.42 and its 200 day simple moving average is $85.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 EPS. On average, analysts predict that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Monday, October 7th. Barclays reduced their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Loop Capital reissued a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. Susquehanna decreased their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Finally, Sanford C. Bernstein lifted their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.07.

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.