Financial Security Advisor Inc. Lowers Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Financial Security Advisor Inc. decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 4,472 shares of the specialty retailer’s stock after selling 145 shares during the period. Financial Security Advisor Inc.’s holdings in Alibaba Group were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of BABA. Decker Retirement Planning Inc. acquired a new position in Alibaba Group in the fourth quarter valued at $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group during the fourth quarter worth about $32,000. Highline Wealth Partners LLC acquired a new position in Alibaba Group in the 3rd quarter valued at about $36,000. Assetmark Inc. raised its stake in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 275 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in Alibaba Group during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of recent research reports. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Citigroup upped their price objective 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. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $104.00 to $165.00 in a report on Tuesday. Finally, Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alibaba Group has an average rating of “Buy” and an average target price of $144.07.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $136.63 on Friday. The firm has a market capitalization of $324.61 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The business’s 50 day simple moving average is $99.35 and its 200-day simple moving average is $94.43. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.30.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 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 analysts’ expectations of $38.19 billion. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.