Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by ArchPoint Investors

ArchPoint Investors cut its stake in Alibaba Group Holding Limited (NYSE:BABA) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,746 shares of the specialty retailer’s stock after selling 1,215 shares during the quarter. ArchPoint Investors’ holdings in Alibaba Group were worth $402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Foundations Investment Advisors LLC raised its stake in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock valued at $13,180,000 after purchasing an additional 27,088 shares during the period. Berkshire Asset Management LLC PA acquired a new position in shares of Alibaba Group in the fourth quarter worth about $911,000. Exchange Traded Concepts LLC lifted its stake in shares of Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after acquiring an additional 42,446 shares in the last quarter. Bailard Inc. boosted its holdings in Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock valued at $869,000 after purchasing an additional 3,242 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in Alibaba Group by 31.3% during the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer’s stock valued at $1,566,000 after purchasing an additional 4,397 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA opened at $116.56 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $148.43. The firm has a fifty day moving average of $125.77 and a 200-day moving average of $104.24. The company has a market cap of $276.85 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BABA. Bank of America increased their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Robert W. Baird boosted their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $148.14.

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.