Banco Santander S.A. reduced its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 144,790 shares of the specialty retailer’s stock after selling 12,599 shares during the period. Banco Santander S.A.’s holdings in Alibaba Group were worth $26,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Alibaba Group in the 4th quarter valued at about $1,734,020,000. BlackRock Inc. grew its position in Alibaba Group by 7.4% in the 4th quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock valued at $9,284,230,000 after acquiring an additional 4,674,615 shares in the last quarter. Investec Asset Management LTD grew its position in Alibaba Group by 87.4% in the 1st quarter. Investec Asset Management LTD now owns 5,335,580 shares of the specialty retailer’s stock valued at $973,477,000 after acquiring an additional 2,488,530 shares in the last quarter. Legal & General Group Plc grew its position in Alibaba Group by 40.4% in the 4th quarter. Legal & General Group Plc now owns 7,770,872 shares of the specialty retailer’s stock valued at $1,065,152,000 after acquiring an additional 2,234,676 shares in the last quarter. Finally, Coatue Management LLC grew its position in Alibaba Group by 70.5% in the 4th quarter. Coatue Management LLC now owns 5,348,736 shares of the specialty retailer’s stock valued at $733,151,000 after acquiring an additional 2,212,159 shares in the last quarter. Hedge funds and other institutional investors own 40.68% of the company’s stock.

Shares of BABA opened at $160.04 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $416.57 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 1.19 and a beta of 2.32. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $211.12.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $7.82. The firm had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same period in the prior year, the company posted $5.73 earnings per share. On average, sell-side analysts predict that Alibaba Group Holding Ltd will post 5.1 EPS for the current fiscal year.

A number of brokerages have recently commented on BABA. Stifel Nicolaus reissued a “buy” rating and set a $220.00 price objective on shares of Alibaba Group in a research report on Friday, May 24th. Raymond James lowered their price objective on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. Barclays boosted their price objective on Alibaba Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Zacks Investment Research downgraded Alibaba Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Finally, KeyCorp reissued an “overweight” rating and set a $240.00 price objective (up from $210.00) on shares of Alibaba Group in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $218.39.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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