Fort Washington Investment Advisors Inc. OH Reduces Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Fort Washington Investment Advisors Inc. OH trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 363,319 shares of the specialty retailer’s stock after selling 34,616 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Alibaba Group were worth $30,806,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in BABA. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group during the second quarter valued at $27,000. Concord Wealth Partners boosted its position in shares of 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 acquiring an additional 155 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the fourth quarter worth about $31,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the third quarter worth approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alibaba Group in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $86.49 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $206.00 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 0.45 and a beta of 0.30. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $117.82. The company has a 50-day moving average price of $85.73 and a 200-day moving average price of $88.01.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter last year, the business posted $1.82 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Bank of America lifted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $115.13.

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.