Ballentine Partners LLC Has $795,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Ballentine Partners LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 16.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,262 shares of the specialty retailer’s stock after acquiring an additional 1,420 shares during the quarter. Ballentine Partners LLC’s holdings in Alibaba Group were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BABA. Princeton Global Asset Management LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at $26,000. Brown Shipley& Co Ltd boosted its stake in shares of Alibaba Group by 3.2% in the 2nd quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 202 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at $27,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Alibaba Group by 116.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA stock opened at $71.93 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market cap of $182.52 billion, a PE ratio of 13.27 and a beta of 0.46. The stock has a 50-day moving average of $73.57 and a 200-day moving average of $77.03. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $103.24.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The company had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $2.44 earnings per share. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BABA shares. Robert W. Baird reduced their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Mizuho reaffirmed a “buy” rating and issued a $95.00 price target on shares of Alibaba Group in a report on Wednesday, March 27th. The Goldman Sachs Group cut their price target on Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and cut their price target for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.44.

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.