Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,460 shares of the specialty retailer’s stock after selling 3,314 shares during the quarter. Naviter Wealth LLC’s holdings in Alibaba Group were worth $2,077,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Princeton Global Asset Management LLC purchased a new position in shares of Alibaba Group in the 3rd quarter worth $26,000. Baystate Wealth Management LLC raised its holdings in shares of Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the period. GPS Wealth Strategies Group LLC lifted 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. First Command Advisory Services Inc. acquired a new stake in Alibaba Group during the 3rd quarter worth approximately $30,000. Finally, Milestone Investment Advisors LLC acquired a new position in Alibaba Group during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the subject of several recent research reports. Barclays lowered their price target on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, January 12th. The Goldman Sachs Group decreased 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. 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 report on Friday, January 19th. Citigroup lowered their price target on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, Mizuho reiterated a “buy” rating and issued a $95.00 price target on shares of Alibaba Group in a research note on Wednesday, March 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.91.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded up $0.95 on Monday, reaching $76.50. 9,145,504 shares of the company’s stock were exchanged, compared to its average volume of 17,869,215. The business’s 50-day moving average is $73.19 and its two-hundred day moving average is $75.33. 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 Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The firm has a market capitalization of $194.12 billion, a price-to-earnings ratio of 14.03 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter in the prior year, the company posted $2.44 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current 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.