Alibaba Group Holding Limited (NYSE:BABA) Position Cut by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,517 shares of the specialty retailer’s stock after selling 272 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Alibaba Group were worth $1,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. raised its stake in shares of Alibaba Group by 5.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,936 shares of the specialty retailer’s stock worth $4,765,000 after buying an additional 3,084 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Alibaba Group by 5.6% in the 3rd quarter. Raymond James & Associates now owns 384,537 shares of the specialty retailer’s stock worth $33,355,000 after purchasing an additional 20,326 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Alibaba Group by 8.2% during the third quarter. Stratos Wealth Partners LTD. now owns 12,896 shares of the specialty retailer’s stock valued at $1,119,000 after purchasing an additional 979 shares during the last quarter. Independent Advisor Alliance boosted its holdings in Alibaba Group by 6.1% during the third quarter. Independent Advisor Alliance now owns 9,139 shares of the specialty retailer’s stock worth $793,000 after buying an additional 525 shares in the last quarter. Finally, NorthRock Partners LLC bought a new position in shares of Alibaba Group in the third quarter valued at $279,000. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BABA. Benchmark reissued a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Wednesday, April 10th. Citigroup decreased their price target on Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Barclays cut their price objective on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. JPMorgan Chase & Co. dropped their target price on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Finally, StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.91.

Alibaba Group Stock Up 1.2 %

Shares of BABA stock opened at $81.31 on Friday. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50. The stock has a 50 day moving average of $73.36 and a 200-day moving average of $75.25. The firm has a market cap of $206.32 billion, a PE ratio of 15.00 and a beta of 0.44. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share 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%. Alibaba Group’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $2.44 earnings per share. On average, equities analysts predict that Alibaba Group Holding Limited will post 7.54 EPS for the current 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.