Webster Bank N. A. Has $826,000 Stock Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Webster Bank N. A. decreased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,876 shares of the specialty retailer’s stock after selling 120 shares during the quarter. Webster Bank N. A.’s holdings in Alibaba Group were worth $826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RDA Financial Network acquired a new stake in shares of Alibaba Group during the 1st quarter valued at $1,341,000. CX Institutional boosted its holdings in shares of Alibaba Group by 1,240.0% during the 1st quarter. CX Institutional now owns 268 shares of the specialty retailer’s stock valued at $49,000 after acquiring an additional 248 shares in the last quarter. M Holdings Securities Inc. boosted its holdings in shares of Alibaba Group by 8.5% during the 1st quarter. M Holdings Securities Inc. now owns 8,790 shares of the specialty retailer’s stock valued at $1,604,000 after acquiring an additional 685 shares in the last quarter. Soma Equity Partners LP boosted its holdings in shares of Alibaba Group by 6.7% during the 1st quarter. Soma Equity Partners LP now owns 480,000 shares of the specialty retailer’s stock valued at $87,576,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA boosted its holdings in shares of Alibaba Group by 5.5% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 25,166 shares of the specialty retailer’s stock valued at $4,592,000 after acquiring an additional 1,320 shares in the last quarter. 40.77% of the stock is currently owned by institutional investors.

Shares of BABA stock traded down $4.65 during mid-day trading on Friday, hitting $161.00. The company’s stock had a trading volume of 27,093,893 shares, compared to its average volume of 15,386,770. The stock’s fifty day simple moving average is $170.61. Alibaba Group Holding Ltd has a 52 week low of $129.77 and a 52 week high of $195.72. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. The company has a market cap of $409.65 billion, a P/E ratio of 44.85, a PEG ratio of 1.26 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $7.82. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The firm had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. During the same period last year, the company posted $5.73 EPS. The business’s quarterly revenue was up 51.0% on a year-over-year basis. On average, equities analysts forecast that Alibaba Group Holding Ltd will post 5.12 EPS for the current year.

Several equities research analysts recently weighed in on BABA shares. KeyCorp reissued an “overweight” rating and set a $240.00 price objective (up previously from $210.00) on shares of Alibaba Group in a report on Tuesday, May 7th. Barclays raised their price objective on Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, May 20th. UBS Group set a $210.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, June 11th. Mizuho lifted their target price on Alibaba Group from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $200.00 target price on shares of Alibaba Group in a report on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and an average target price of $217.70.

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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