Wealthspire Advisors LLC Has $232,000 Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Wealthspire Advisors LLC trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,736 shares of the specialty retailer’s stock after selling 135 shares during the quarter. Wealthspire Advisors LLC’s holdings in Alibaba Group were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new stake in Alibaba Group during the fourth quarter valued at approximately $32,000. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $36,000. Assetmark Inc. raised its holdings in shares of 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 shares of Alibaba Group during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $136.63 on Friday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $145.30. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market cap of $324.61 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The stock’s fifty day simple moving average is $99.35 and its two-hundred day simple moving average is $94.43.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on BABA. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $104.00 to $165.00 in a research note on Tuesday. Robert W. Baird increased their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $144.07.

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.