Alibaba Group Holding Limited (NYSE:BABA) Stock Position Decreased by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 17.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 921 shares of the specialty retailer’s stock after selling 200 shares during the period. Wolff Wiese Magana LLC’s holdings in Alibaba Group were worth $78,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BABA. TRUE Private Wealth Advisors increased its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after buying an additional 112 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Alibaba Group by 3.6% in the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after buying an additional 134 shares in the last quarter. Wynn Capital LLC raised its stake in shares of Alibaba Group by 1.0% in the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock worth $1,103,000 after acquiring an additional 135 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its position in Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 139 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $82.44 on Wednesday. The firm has a market cap of $196.45 billion, a PE ratio of 16.72, a PEG ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is $86.88 and its two-hundred day moving average price is $87.66.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BABA. Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays lowered their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Robert W. Baird boosted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Mizuho lifted their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Bank of America upped their price objective on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $115.13.

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.