Neuberger Berman Group LLC Reduces Stake in Alibaba Group Holding Limited (BABA)

Jay Anderson
June 20, 2017

The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned "Buy" rating by Jefferies on Thursday, November 3.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. Vetr raised Alibaba Group Holding Limited from a buy rating to a strong-buy rating and set a $115.12 target price on the stock in a research report on Monday, March 6th. HSBC Holdings plc reiterated a "buy" rating and issued a $162.00 price target (up previously from $145.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, June 11th. On Wednesday, August 12 the stock rating was maintained by Nomura with "Buy". Analysts reported that the Price Target for Alibaba Group Holding Limited might touch $190 high while the Average Price Target and Low price Target is $157.21 and $128 respectively. Goldman Sachs Group, Inc.

Alibaba Group Holding Limited (BABA) shows its Return on Assets (ROA) value of 9.4 percent, while the Return on Equity (ROE) value is 17.2 percent and Return on Investment (ROI) value stands at 8.7 percent. A rating of 4 or 5 would represent a Sell recommendation. The company now has a consensus rating of Buy and a consensus price target of $137.11.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, May 18th. 4,709,354 shares of the company were exchanged.

In taking a look at where Alibaba Group Holding Ltd (NYSE:BABA) might be headed, analysts have a consensus price target of $148.333 on the shares. The company has a 50-day moving average price of $124.54 and a 200 day moving average price of $106.84. The Market Capitalization of the company stands at 334.18 Billion. The Boussard & Gavaudan Investment Management Llp holds 5.48M shares with $387.64 million value, up from 3.73 million last quarter. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.26 billion. After $-0.26 actual earnings per share reported by K2M Group Holdings Inc for the previous quarter, Wall Street now forecasts -19.23% EPS growth.

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COPYRIGHT VIOLATION WARNING: This report was originally published by Markets Daily and is the property of of Markets Daily. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright law. Needham maintained the shares of BABA in report on Thursday, October 20 with "Buy" rating.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. Westwood Management Corp sold 208,100 shares as the company's stock rose 22.58% with the market. State of New Jersey Common Pension Fund D now owns 893,522 shares of the specialty retailer's stock worth $96,348,000 after buying an additional 51,629 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Alibaba Group Holding Limited by 2.8% in the fourth quarter.

The company has been one of the biggest innovators in "Specialty Retail, Other" employing approximately 50092 full time employees. During the same quarter a year ago, the firm earned $0.47 EPS. Reliance Trust Co. of DE now owns 10,216 shares of the specialty retailer's stock worth $1,101,000 after buying an additional 2,448 shares in the last quarter. The company was maintained on Monday, April 25 by Deutsche Bank. Webster Bank N.A. now owns 1,175 shares of the specialty retailer's stock worth $127,000 after buying an additional 235 shares during the period.

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 and internationally.

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