Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Activest Wealth Management

Activest Wealth Management lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 15.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 745 shares of the specialty retailer’s stock after selling 133 shares during the quarter. Activest Wealth Management’s holdings in Alibaba Group were worth $63,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BABA. Concord Wealth Partners increased its stake in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the period. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at $36,000. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group during the fourth quarter worth $31,000. Assetmark Inc. increased its holdings in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in Alibaba Group in the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 3.3 %

NYSE BABA opened at $103.71 on Monday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The firm has a 50-day moving average price of $88.04 and a 200 day moving average price of $89.69. The stock has a market capitalization of $246.69 billion, a P/E ratio of 21.04, a P/E/G ratio of 0.42 and a beta of 0.31. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

BABA has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Robert W. Baird upped their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Barclays dropped their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $115.86.

About Alibaba Group

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.