Ballentine Partners LLC trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,154 shares of the specialty retailer’s stock after selling 791 shares during the quarter. Alibaba Group Holding Limited comprises 0.5% of Ballentine Partners LLC’s portfolio, making the stock its 28th largest holding. Ballentine Partners LLC’s holdings in Alibaba Group Holding Limited were worth $9,698,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BABA. Ronald Blue & Co. LLC boosted its stake in Alibaba Group Holding Limited by 0.7% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,458 shares of the specialty retailer’s stock valued at $487,000 after purchasing an additional 25 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in Alibaba Group Holding Limited by 1.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,259 shares of the specialty retailer’s stock valued at $318,000 after purchasing an additional 30 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in Alibaba Group Holding Limited by 2.9% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,852 shares of the specialty retailer’s stock valued at $261,000 after purchasing an additional 52 shares in the last quarter. Steinberg Global Asset Management boosted its stake in Alibaba Group Holding Limited by 1.9% during the 2nd quarter. Steinberg Global Asset Management now owns 3,190 shares of the specialty retailer’s stock valued at $449,000 after purchasing an additional 59 shares in the last quarter. Finally, Partnervest Advisory Services LLC boosted its stake in Alibaba Group Holding Limited by 1.8% during the 2nd quarter. Partnervest Advisory Services LLC now owns 3,650 shares of the specialty retailer’s stock valued at $514,000 after purchasing an additional 65 shares in the last quarter. 37.45% of the stock is owned by institutional investors and hedge funds.

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Alibaba Group Holding Limited (NYSE BABA) traded up $1.28 during trading hours on Friday, hitting $186.41. 15,020,899 shares of the stock were exchanged, compared to its average volume of 19,081,156. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $191.22. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $477,424.75, a PE ratio of 54.19, a P/E/G ratio of 1.41 and a beta of 2.61.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. During the same quarter in the previous year, the company posted $0.74 earnings per share. analysts anticipate that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

A number of brokerages have recently commented on BABA. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a research report on Wednesday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $220.00 price objective (up previously from $200.00) on shares of Alibaba Group Holding Limited in a research report on Monday, November 6th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $210.00 price objective on shares of Alibaba Group Holding Limited in a research report on Friday, November 3rd. KeyCorp reiterated a “buy” rating on shares of Alibaba Group Holding Limited in a research report on Friday, November 3rd. Finally, Robert W. Baird increased their price objective on Alibaba Group Holding Limited from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $184.20.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, 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 (China) and internationally.

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Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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