XY Capital Ltd Cuts Stake in Alibaba Group Holding Limited (NYSE:BABA)

XY Capital Ltd reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 69.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,573 shares of the specialty retailer’s stock after selling 152,546 shares during the period. Alibaba Group accounts for approximately 2.4% of XY Capital Ltd’s portfolio, making the stock its 5th largest position. XY Capital Ltd’s holdings in Alibaba Group were worth $6,959,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BABA. Concord Wealth Partners increased its position in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group during the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC bought a new position in Alibaba Group in the third quarter worth about $36,000. First Command Advisory Services Inc. purchased a new stake in Alibaba Group in the second quarter worth about $25,000. Finally, GPS Wealth Strategies Group LLC boosted its position in Alibaba Group by 139.3% during the 2nd 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 in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Trading Down 6.0 %

NYSE:BABA opened at $94.18 on Friday. The company has a 50 day simple moving average of $97.25 and a two-hundred day simple moving average of $84.97. The company has a market cap of $225.56 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 0.46 and a beta of 0.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. Alibaba Group’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 earnings per share. Research analysts forecast that Alibaba Group Holding Limited will post 8.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BABA. Truist Financial dropped their price target 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. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, August 16th. Finally, Barclays lifted their target price on shares of Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $113.13.

Alibaba Group Company 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.