Alibaba Group Holding Limited (NYSE:BABA) Holdings Decreased by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 94.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,357 shares of the specialty retailer’s stock after selling 89,100 shares during the quarter. Central Asset Investments & Management Holdings HK Ltd’s holdings in Alibaba Group were worth $454,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors lifted its position in shares of Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after buying an additional 112 shares during the last quarter. TBH Global Asset Management LLC raised its stake in Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 112 shares during the period. Venturi Wealth Management LLC lifted its holdings in Alibaba Group by 6.0% in the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after acquiring an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in Alibaba Group by 3.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock valued at $329,000 after purchasing an additional 124 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in shares of Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BABA shares. Citigroup raised their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Benchmark boosted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Robert W. Baird raised their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Barclays lifted their price target on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Bank of America increased their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Trading Up 3.9 %

NYSE:BABA opened at $139.18 on Thursday. The company has a market capitalization of $330.69 billion, a P/E ratio of 20.11, a P/E/G ratio of 0.61 and a beta of 0.31. The stock’s 50 day moving average price is $98.31 and its 200 day moving average price is $94.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. On average, research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.