Alibaba Group Holding Limited (NYSE:BABA) Stake Lessened by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lowered its holdings in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 28.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 375 shares of the specialty retailer’s stock after selling 150 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Alibaba Group were worth $32,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB increased its stake in shares of Alibaba Group by 6.9% in the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after acquiring an additional 178,999 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Alibaba Group by 186.9% in the third quarter. Park Avenue Securities LLC now owns 14,068 shares of the specialty retailer’s stock worth $1,493,000 after acquiring an additional 9,165 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in shares of Alibaba Group in the third quarter worth $1,486,000. Ignite Planners LLC increased its position in Alibaba Group by 3.8% during the third quarter. Ignite Planners LLC now owns 5,597 shares of the specialty retailer’s stock worth $594,000 after buying an additional 206 shares during the last quarter. Finally, Axiom Advisory LLC acquired a new position in Alibaba Group during the third quarter worth $3,053,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the topic of several analyst reports. Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird increased their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America increased their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. 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 data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $115.13.

View Our Latest Stock Analysis on BABA

Alibaba Group Stock Up 3.8 %

NYSE BABA opened at $102.37 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a 50-day simple moving average of $86.84 and a 200 day simple moving average of $89.07. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The stock has a market cap of $243.52 billion, a PE ratio of 20.77, a PEG ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABAGet Free Report) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during 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 firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.82 earnings per share. On average, research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

About Alibaba Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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