Transcend Capital Advisors LLC Sells 4,603 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Transcend Capital Advisors LLC lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 34.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,909 shares of the specialty retailer’s stock after selling 4,603 shares during the period. Transcend Capital Advisors LLC’s holdings in Alibaba Group were worth $755,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BABA. Foundations Investment Advisors LLC lifted its stake in Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after purchasing an additional 27,088 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after acquiring an additional 42,446 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Alibaba Group by 63.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after acquiring an additional 11,192 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Alibaba Group by 7,734.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after acquiring an additional 266,361 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $115,995,000. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BABA shares. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird lifted their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday. Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday. Barclays lifted their target price on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.93.

Alibaba Group Trading Up 5.7 %

NYSE:BABA opened at $143.67 on Friday. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.30. The firm has a 50 day moving average of $95.43 and a 200 day moving average of $92.99. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $341.36 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 0.57 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last issued its quarterly 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). The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. As a group, sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share 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.