Alibaba Group Holding Limited (NYSE:BABA) Stake Lowered by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 375 shares of the specialty retailer’s stock after selling 150 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Alibaba Group were worth $32,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BABA. Concord Wealth Partners grew its holdings in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group during the fourth quarter valued at approximately $31,000. Highline Wealth Partners LLC bought a new position in Alibaba Group in the 3rd quarter worth approximately $36,000. Assetmark Inc. grew its holdings in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new position in Alibaba Group in the 4th quarter worth approximately $55,000. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BABA. Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Robert W. Baird increased their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Bank of America upped their target price 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 research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $102.37 on Wednesday. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $117.82. The stock has a fifty day moving average of $86.84 and a 200-day moving average of $89.07. The company has a market capitalization of $243.52 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 EPS. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.