Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 28.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 85,922 shares of the specialty retailer’s stock after selling 33,342 shares during the quarter. Generate Investment Management Ltd’s holdings in Alibaba Group were worth $7,285,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BABA. TRUE Private Wealth Advisors grew its holdings in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 112 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of Alibaba Group by 3.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after purchasing an additional 124 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Alibaba Group by 3.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after purchasing an additional 134 shares during the last quarter. Finally, Wynn Capital LLC boosted its holdings in Alibaba Group by 1.0% during the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock worth $1,103,000 after buying an additional 135 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the topic of several research reports. Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Robert W. Baird boosted 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. Finally, Barclays decreased their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Trading Up 3.3 %

Shares of NYSE:BABA opened at $103.71 on Friday. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $246.69 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The firm has a fifty day moving average of $87.72 and a two-hundred day moving average of $89.41.

Alibaba Group (NYSE:BABA) last issued its earnings results 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 firm had revenue of $236.50 billion for 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 business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 earnings per share. On average, equities analysts expect 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.