Royal Fund Management LLC Has $1.35 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Royal Fund Management LLC reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 63.1% in the 4th quarter, Holdings Channel reports. The firm owned 17,431 shares of the specialty retailer’s stock after selling 29,779 shares during the period. Royal Fund Management LLC’s holdings in Alibaba Group were worth $1,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $26,000. Baystate Wealth Management LLC grew its stake in shares of Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after buying an additional 216 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of Alibaba Group by 116.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after buying an additional 175 shares in the last quarter. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group in the 3rd quarter valued at $30,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter valued at $31,000. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on BABA shares. JPMorgan Chase & Co. dropped their target price on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Barclays dropped their price target on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a research note on Friday, January 12th. Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Wednesday, April 10th. Mizuho reaffirmed a “buy” rating and set a $95.00 target price on shares of Alibaba Group in a report on Wednesday, March 27th. Finally, 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 research note on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Stock Up 1.2 %

NYSE BABA traded up $1.00 on Friday, hitting $81.33. 19,355,807 shares of the company were exchanged, compared to its average volume of 15,275,838. The company has a market cap of $206.37 billion, a PE ratio of 15.01 and a beta of 0.44. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50. The stock has a fifty day moving average of $73.47 and a 200-day moving average of $75.22. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data 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). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. During the same period last year, the business posted $2.44 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts forecast that Alibaba Group Holding Limited will post 7.54 earnings per share 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.