VisionPoint Advisory Group LLC Sells 1,520 Shares of Alibaba Group Holding Limited (NYSE:BABA)

VisionPoint Advisory Group LLC lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,582 shares of the specialty retailer’s stock after selling 1,520 shares during the period. VisionPoint Advisory Group LLC’s holdings in Alibaba Group were worth $474,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Waterfront Wealth Inc. grew its position in shares of Alibaba Group by 8.8% in the 4th quarter. Waterfront Wealth Inc. now owns 21,211 shares of the specialty retailer’s stock valued at $1,798,000 after acquiring an additional 1,721 shares during the period. North of South Capital LLP grew its position in shares of Alibaba Group by 17.9% in the 4th quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer’s stock valued at $167,525,000 after acquiring an additional 300,432 shares during the period. ING Groep NV bought a new stake in shares of Alibaba Group during the 4th quarter worth about $227,000. TBH Global Asset Management LLC boosted its holdings in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after buying an additional 112 shares during the period. Finally, Financial Sense Advisors Inc. bought a new stake in shares of Alibaba Group during the 4th quarter worth about $713,000. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BABA. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note 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 research note on Tuesday, November 19th. Finally, Robert W. Baird lifted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.93.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $136.26 on Friday. The firm has a 50 day moving average of $94.31 and a 200-day moving average of $92.42. The stock has a market capitalization of $323.74 billion, a PE ratio of 27.64, a PEG ratio of 0.54 and a beta of 0.31. 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 12 month low of $68.36 and a 12 month high of $144.51.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. On average, equities research analysts predict 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.