Alibaba Group Holding Limited (NYSE:BABA) Position Lessened by Stolper Co

Stolper Co cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,601 shares of the specialty retailer’s stock after selling 267 shares during the period. Stolper Co’s holdings in Alibaba Group were worth $1,662,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Thoroughbred Financial Services LLC lifted its position in shares of Alibaba Group by 25.2% in the second quarter. Thoroughbred Financial Services LLC now owns 3,696 shares of the specialty retailer’s stock worth $266,000 after buying an additional 744 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of Alibaba Group by 6.1% in the second quarter. Wealthspire Advisors LLC now owns 2,971 shares of the specialty retailer’s stock valued at $214,000 after purchasing an additional 171 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Alibaba Group by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 348,934 shares of the specialty retailer’s stock worth $25,123,000 after buying an additional 27,058 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Alibaba Group in the second quarter valued at approximately $328,000. Finally, RPg Family Wealth Advisory LLC grew its stake in shares of Alibaba Group by 13.1% in the second quarter. RPg Family Wealth Advisory LLC now owns 19,794 shares of the specialty retailer’s stock worth $1,457,000 after acquiring an additional 2,294 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Mizuho upped their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Monday, October 7th. Barclays lowered their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, Robert W. Baird lifted their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Stock Up 0.9 %

NYSE:BABA opened at $82.40 on Thursday. The company has a market cap of $196.36 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week 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 stock’s fifty day moving average price is $86.88 and its two-hundred day moving average price is $87.66.

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