Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 12.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,944 shares of the specialty retailer’s stock after selling 689 shares during the quarter. EP Wealth Advisors LLC’s holdings in Alibaba Group were worth $525,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. TRUE Private Wealth Advisors increased its holdings in shares of Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after acquiring an additional 112 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after purchasing an additional 121 shares during the last quarter. ICA Group Wealth Management LLC raised its holdings in shares of Alibaba Group by 14.6% during the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 128 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after buying an additional 139 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its position in shares of Alibaba Group by 3.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after buying an additional 143 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BABA shares. StockNews.com raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Barclays reduced their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. JPMorgan Chase & Co. raised their target price on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Sanford C. Bernstein upped their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Stock Down 0.9 %

Shares of BABA stock opened at $89.01 on Thursday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The business’s fifty day moving average is $96.35 and its 200-day moving average is $86.21. The stock has a market cap of $212.71 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 0.42 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. During the same period in the previous year, the business earned $1.82 earnings per share. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that Alibaba Group Holding Limited will post 8.44 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.