Migdal Insurance & Financial Holdings Ltd. Sells 640 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Migdal Insurance & Financial Holdings Ltd. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,538 shares of the specialty retailer’s stock after selling 640 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Alibaba Group were worth $888,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BABA. Foundations Investment Advisors LLC raised its position in shares of Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after buying an additional 27,088 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after buying an additional 42,446 shares in the last quarter. Generate Investment Management Ltd purchased a new stake in shares of Alibaba Group in the third quarter worth $12,656,000. Nations Financial Group Inc. IA ADV raised its position in shares of Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after buying an additional 11,192 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after buying an additional 266,361 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BABA shares. Benchmark restated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Mizuho lifted 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 downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Finally, Robert W. Baird raised their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Price Performance

BABA stock opened at $103.71 on Friday. The firm has a 50 day moving average price of $87.72 and a 200-day moving average price of $89.41. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The firm has a market capitalization of $246.69 billion, a price-to-earnings ratio of 21.04, a PEG 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period in the previous year, the business earned $1.82 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS 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.