Narwhal Capital Management Reduces Stake in Alibaba Group Holding Ltd (BABA)

Narwhal Capital Management lowered its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 12.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,297 shares of the specialty retailer’s stock after selling 1,200 shares during the quarter. Narwhal Capital Management’s holdings in Alibaba Group were worth $1,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Investors Inc. PA increased its position in shares of Alibaba Group by 449.8% in the third quarter. Federated Investors Inc. PA now owns 3,691,425 shares of the specialty retailer’s stock worth $608,200,000 after purchasing an additional 3,020,054 shares during the period. Nordea Investment Management AB bought a new position in shares of Alibaba Group in the third quarter worth $490,205,000. Canada Pension Plan Investment Board increased its position in shares of Alibaba Group by 60.6% in the third quarter. Canada Pension Plan Investment Board now owns 6,051,568 shares of the specialty retailer’s stock worth $997,056,000 after purchasing an additional 2,282,727 shares during the period. Capital World Investors increased its position in shares of Alibaba Group by 13.3% in the third quarter. Capital World Investors now owns 16,653,109 shares of the specialty retailer’s stock worth $2,743,766,000 after purchasing an additional 1,958,712 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of Alibaba Group by 1,017.1% in the third quarter. Clearbridge Investments LLC now owns 1,863,228 shares of the specialty retailer’s stock worth $306,985,000 after purchasing an additional 1,696,430 shares during the period. 38.60% of the stock is owned by institutional investors.

NYSE:BABA opened at $150.88 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $382.30 billion, a P/E ratio of 37.44, a PEG ratio of 1.38 and a beta of 2.24. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $211.70.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 2nd. The specialty retailer reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.19. The company had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $12.51 billion. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The firm’s revenue for the quarter was up 49.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 earnings per share. On average, equities research analysts anticipate that Alibaba Group Holding Ltd will post 3.48 EPS for the current year.

BABA has been the topic of several research reports. Zacks Investment Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 8th. Deutsche Bank set a $189.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Goldman Sachs Group boosted their price target on Alibaba Group from $241.00 to $247.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd. CLSA set a $240.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Monday, September 24th. Finally, Nomura dropped their price target on Alibaba Group from $224.00 to $202.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and a consensus price target of $212.51.

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Alibaba Group 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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