Alibaba Group Holding Limited (NYSE:BABA) Stake Cut by DGS Capital Management LLC

DGS Capital Management LLC trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,915 shares of the specialty retailer’s stock after selling 140 shares during the quarter. DGS Capital Management LLC’s holdings in Alibaba Group were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of BABA. Concord Wealth Partners grew its holdings in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group in the second quarter worth approximately $27,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the third quarter valued at $36,000. First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group during the 2nd quarter valued at $25,000. Finally, Assetmark Inc. boosted its stake in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 275 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $87.82 on Friday. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The business’s 50-day simple moving average is $94.82 and its 200-day simple moving average is $86.30. The firm has a market cap of $209.87 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 0.44 and a beta of 0.30.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BABA. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Mizuho upped their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Bank of America lifted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Finally, Barclays cut their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Two research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.07.

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.