180 Wealth Advisors LLC Sells 285 Shares of Alibaba Group Holding Limited (NYSE:BABA)

180 Wealth Advisors LLC decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,324 shares of the specialty retailer’s stock after selling 285 shares during the period. 180 Wealth Advisors LLC’s holdings in Alibaba Group were worth $575,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BABA. Baystate Wealth Management LLC increased its holdings in shares of Alibaba Group by 184.6% in 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 period. EdgeRock Capital LLC purchased a new position in shares of Alibaba Group in the fourth quarter worth about $26,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares during the period. Register Financial Advisors LLC purchased a new position in shares of Alibaba Group in the first quarter worth about $31,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Alibaba Group in the fourth quarter worth about $42,000. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the topic of several recent analyst reports. Loop Capital raised their target price on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Benchmark reaffirmed a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 15th. Citigroup cut their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Mizuho cut their price objective on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Barclays dropped their price target on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.28.

Alibaba Group Stock Up 0.1 %

NYSE BABA traded up $0.07 during mid-day trading on Thursday, reaching $79.54. The stock had a trading volume of 31,574,254 shares, compared to its average volume of 16,656,842. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $96.68. The stock has a market cap of $201.83 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. The company has a fifty day moving average price of $76.55 and a 200 day moving average price of $75.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79.

Alibaba Group (NYSE:BABA) last announced its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $30.73 billion during the quarter, compared to analyst estimates of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. On average, research analysts expect that Alibaba Group Holding Limited will post 6.96 earnings per share 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.