Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 66.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 400 shares of the specialty retailer’s stock after selling 775 shares during the period. Future Financial Wealth Managment LLC’s holdings in Alibaba Group were worth $34,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Generate Investment Management Ltd purchased a new position in shares of Alibaba Group during the 3rd quarter worth $12,656,000. Nations Financial Group Inc. IA ADV lifted its stake in shares of Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after purchasing an additional 11,192 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after acquiring an additional 50,000 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after buying an additional 266,361 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in Alibaba Group during the 3rd quarter worth approximately $115,995,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Monday, October 7th. Mizuho lifted their price target 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. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Bank of America increased their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird increased their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Trading Up 0.3 %

BABA stock traded up $0.25 during mid-day trading on Monday, reaching $80.78. 6,106,941 shares of the stock traded hands, compared to its average volume of 11,232,716. The stock’s fifty day moving average is $87.59 and its 200-day moving average is $87.54. The company has a market cap of $192.50 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.44 and a beta of 0.30. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data 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 analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current 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.