M Holdings Securities Inc. trimmed its position in Alibaba Group (NYSE:BABA) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,901 shares of the specialty retailer’s stock after selling 292 shares during the period. M Holdings Securities Inc.’s holdings in Alibaba Group were worth $389,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of BABA. Ark Investment Management LLC grew its stake in Alibaba Group by 18.6% in the second quarter. Ark Investment Management LLC now owns 55,464 shares of the specialty retailer’s stock worth $7,815,000 after purchasing an additional 8,696 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Alibaba Group by 14.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 223,963 shares of the specialty retailer’s stock valued at $38,681,000 after acquiring an additional 28,271 shares during the period. Stevens Capital Management LP acquired a new position in Alibaba Group in the third quarter valued at approximately $246,000. Davidson & Garrard Inc. boosted its stake in Alibaba Group by 4.7% in the third quarter. Davidson & Garrard Inc. now owns 13,789 shares of the specialty retailer’s stock valued at $2,381,000 after acquiring an additional 615 shares during the period. Finally, NBT Bank N A NY acquired a new position in Alibaba Group in the third quarter valued at approximately $259,000. Institutional investors and hedge funds own 37.73% of the company’s stock.
BABA has been the subject of a number of research reports. Morgan Stanley set a $250.00 target price on Alibaba Group and gave the company a “buy” rating in a research note on Monday, January 29th. KeyCorp lifted their target price on Alibaba Group from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Nomura restated a “buy” rating and issued a $219.00 target price (down from $221.00) on shares of Alibaba Group in a research note on Tuesday, January 9th. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $217.30 target price for the company in a research note on Thursday, February 1st. Finally, Deutsche Bank lifted their target price on Alibaba Group to $218.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $213.61.
NYSE:BABA traded down $5.05 during midday trading on Friday, hitting $167.52. 18,209,969 shares of the stock were exchanged, compared to its average volume of 18,194,480. Alibaba Group has a one year low of $106.76 and a one year high of $206.20. The stock has a market cap of $429,044.53, a price-to-earnings ratio of 66.74, a PEG ratio of 0.97 and a beta of 2.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97.
Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.08). Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. The firm had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the firm earned $1.30 EPS. sell-side analysts expect that Alibaba Group will post 4.06 EPS for the current year.
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About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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