Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by ArchPoint Investors

ArchPoint Investors trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 20.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,746 shares of the specialty retailer’s stock after selling 1,215 shares during the quarter. ArchPoint Investors’ holdings in Alibaba Group were worth $402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Summit Advisors LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $6,482,000. Gemsstock Ltd. grew its position in Alibaba Group by 12.7% in the fourth quarter. Gemsstock Ltd. now owns 177,900 shares of the specialty retailer’s stock worth $15,084,000 after buying an additional 20,100 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Alibaba Group by 54.9% in the fourth quarter. Federated Hermes Inc. now owns 124,978 shares of the specialty retailer’s stock valued at $10,597,000 after buying an additional 44,278 shares in the last quarter. Titleist Asset Management LLC lifted its position in shares of Alibaba Group by 877.1% during the 4th quarter. Titleist Asset Management LLC now owns 21,105 shares of the specialty retailer’s stock valued at $1,789,000 after acquiring an additional 18,945 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Alibaba Group by 4.7% during the 4th quarter. Quadrant Capital Group LLC now owns 14,758 shares of the specialty retailer’s stock worth $1,251,000 after acquiring an additional 659 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Down 9.9 %

BABA opened at $116.56 on Monday. The company has a market capitalization of $276.85 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The business has a 50-day moving average of $125.77 and a 200-day moving average of $104.24. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last posted 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 net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on BABA. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $100.00 to $180.00 in a report on Monday, February 24th. Mizuho raised their target price on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, March 28th. JPMorgan Chase & Co. boosted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Benchmark raised their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Thursday. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group currently has an average rating of “Buy” and a consensus price target of $148.14.

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.