Focused Wealth Management Inc Sells 558 Shares of Alibaba Group Holding Limited (BABA)

Focused Wealth Management Inc cut its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,693 shares of the specialty retailer’s stock after selling 558 shares during the period. Focused Wealth Management Inc’s holdings in Alibaba Group Holding Limited were worth $1,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV purchased a new stake in Alibaba Group Holding Limited during the fourth quarter worth approximately $110,000. Webster Bank N. A. boosted its stake in Alibaba Group Holding Limited by 25.0% in the first quarter. 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. Thompson Davis & CO. Inc. boosted its stake in Alibaba Group Holding Limited by 10.1% in the first quarter. Thompson Davis & CO. Inc. now owns 1,360 shares of the specialty retailer’s stock worth $147,000 after buying an additional 125 shares during the period. Dumac Inc. purchased a new stake in Alibaba Group Holding Limited during the fourth quarter worth approximately $177,000. Finally, FTB Advisors Inc. boosted its stake in Alibaba Group Holding Limited by 190.3% in the first quarter. FTB Advisors Inc. now owns 1,582 shares of the specialty retailer’s stock worth $178,000 after buying an additional 1,037 shares during the period. Hedge funds and other institutional investors own 36.73% of the company’s stock.

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

Alibaba Group Holding Limited (NYSE:BABA) traded up 2.81% during trading on Monday, hitting $138.66. 13,374,982 shares of the company traded hands. The firm has a market cap of $350.81 billion, a P/E ratio of 56.02 and a beta of 2.63. Alibaba Group Holding Limited has a one year low of $73.30 and a one year high of $148.29. The firm has a 50 day moving average of $124.54 and a 200 day moving average of $106.84.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.26 billion. Alibaba Group Holding Limited had a return on equity of 15.40% and a net margin of 27.51%. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, analysts expect that Alibaba Group Holding Limited will post $4.55 earnings per share for the current fiscal year.

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A number of analysts have commented on BABA shares. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “strong-buy” rating and set a $157.00 price target for the company in a research report on Thursday. Royal Bank Of Canada restated a “buy” rating and issued a $120.00 price target on shares of Alibaba Group Holding Limited in a research report on Tuesday, May 16th. Barclays PLC upped their price target on Alibaba Group Holding Limited from $130.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. Bank of America Corporation restated a “buy” rating and issued a $161.00 price target (up previously from $144.00) on shares of Alibaba Group Holding Limited in a research report on Sunday, June 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $160.00 price objective (up previously from $122.00) on shares of Alibaba Group Holding Limited in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $137.03.

About Alibaba Group Holding Limited

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 (China) and internationally.

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