Advisors Preferred LLC Trims Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Advisors Preferred LLC trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 42.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 550 shares of the specialty retailer’s stock after selling 398 shares during the quarter. Advisors Preferred LLC’s holdings in Alibaba Group were worth $47,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners increased its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares during the period. Highline Wealth Partners LLC purchased a new position in Alibaba Group during the 3rd quarter worth $36,000. Decker Retirement Planning Inc. purchased a new position in Alibaba Group during the 4th quarter worth $31,000. Assetmark Inc. increased its holdings in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the period. Finally, Kieckhefer Group LLC purchased a new position in Alibaba Group during the 4th quarter worth $55,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 3.3 %

Shares of BABA stock opened at $103.71 on Friday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $117.82. The stock’s fifty day moving average price is $88.04 and its 200 day moving average price is $89.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $246.69 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last announced its earnings results 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. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on BABA shares. Mizuho raised their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Robert W. Baird lifted their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays cut their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $115.86.

Alibaba Group 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.