Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Hoertkorn Richard Charles

Hoertkorn Richard Charles lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,509 shares of the specialty retailer’s stock after selling 100 shares during the quarter. Hoertkorn Richard Charles’ holdings in Alibaba Group were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BABA. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the 4th quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth $32,000. Vision Financial Markets LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth $55,000. Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth $55,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Alibaba Group during the fourth quarter valued at $60,000. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Sanford C. Bernstein raised shares of 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. Benchmark upped their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Finally, Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $144.07.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $135.69 on Friday. The firm has a market cap of $322.39 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50-day simple moving average is $120.65 and its 200-day simple moving average is $102.09. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.43.

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