Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 20.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,903 shares of the specialty retailer’s stock after selling 1,261 shares during the period. Sentry Investment Management LLC’s holdings in Alibaba Group were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BABA. Concord Wealth Partners lifted its position in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the fourth quarter valued at approximately $32,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the third quarter valued at approximately $36,000. Finally, Assetmark Inc. raised its position in shares of 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. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 10.4 %

Shares of BABA stock opened at $128.87 on Tuesday. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The business’s fifty day moving average is $96.29 and its 200-day moving average is $93.43. The stock has a market cap of $306.18 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last released its earnings results 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 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Equities analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BABA shares. JPMorgan Chase & Co. boosted their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday. Bank of America upped their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. 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. Finally, Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $180.00 in a research note on Monday. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $138.36.

About Alibaba Group

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.