National Bank of Canada FI Has $14.09 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

National Bank of Canada FI trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 51.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,742 shares of the specialty retailer’s stock after selling 139,057 shares during the quarter. National Bank of Canada FI’s holdings in Alibaba Group were worth $14,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BABA. Loop Capital reissued a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. StockNews.com upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Benchmark reaffirmed a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Truist Financial decreased their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Finally, Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.07.

Alibaba Group Trading Down 2.7 %

Shares of BABA stock opened at $89.86 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $214.74 billion, a P/E ratio of 18.23, a P/E/G ratio of 0.42 and a beta of 0.30. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The firm has a 50-day moving average price of $96.81 and a 200 day moving average price of $86.15.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts forecast that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Alibaba Group 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.