Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Financial Security Advisor Inc.

Financial Security Advisor Inc. cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,472 shares of the specialty retailer’s stock after selling 145 shares during the period. Financial Security Advisor Inc.’s holdings in Alibaba Group were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BABA. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at $36,000. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth about $32,000. Assetmark Inc. boosted its stake in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 275 shares during the period. Finally, Kieckhefer Group LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $55,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 1.8 %

BABA stock opened at $136.63 on Friday. The stock has a market cap of $324.61 billion, a P/E ratio of 19.74, a PEG ratio of 0.61 and a beta of 0.31. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $145.30. The company’s 50 day moving average is $99.35 and its two-hundred day moving average is $94.43.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on BABA shares. Robert W. Baird increased their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Benchmark increased their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Bank of America increased their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Mizuho boosted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Fifteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $144.07.

About Alibaba Group

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.