Wealthspire Advisors LLC Sells 135 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Wealthspire Advisors LLC lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 4.7% in the fourth quarter, HoldingsChannel reports. The firm owned 2,736 shares of the specialty retailer’s stock after selling 135 shares during the quarter. Wealthspire Advisors LLC’s holdings in Alibaba Group were worth $232,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BABA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after buying an additional 3,740,150 shares during the period. Hhlr Advisors LTD. lifted its holdings in shares of Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the last quarter. FMR LLC boosted its position in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares in the last quarter. Aspex Management HK Ltd bought a new position in Alibaba Group during the 3rd quarter valued at approximately $115,995,000. Finally, Bank of Montreal Can bought a new position in Alibaba Group during the 3rd quarter valued at approximately $63,929,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Down 1.8 %

NYSE BABA opened at $136.63 on Friday. The stock has a 50 day moving average price of $99.35 and a 200-day moving average price of $94.43. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.30. The company has a market capitalization of $324.61 billion, a P/E ratio of 19.74, a P/E/G ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of recent research reports. Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Bank of America raised their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $100.00 to $180.00 in a report on Monday. Robert W. Baird boosted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. increased their target price on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, Alibaba Group has an average rating of “Buy” and a consensus price target of $144.07.

Alibaba Group 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.