Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by GFG Capital LLC

GFG Capital LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 65,140 shares of the specialty retailer’s stock after selling 3,160 shares during the period. Alibaba Group makes up about 1.4% of GFG Capital LLC’s investment portfolio, making the stock its 19th biggest position. GFG Capital LLC’s holdings in Alibaba Group were worth $5,523,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BABA. Concord Wealth Partners raised its position in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at about $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $31,000. Assetmark Inc. grew its holdings in shares of 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 purchasing an additional 275 shares during the period. Finally, Kieckhefer Group LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at about $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Robert W. Baird increased their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.86.

Alibaba Group Trading Up 1.0 %

NYSE BABA opened at $119.55 on Friday. The firm has a 50 day simple moving average of $89.76 and a 200-day simple moving average of $90.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $119.81. The firm has a market cap of $284.38 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 0.42 and a beta of 0.31.

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

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.