Insigneo Advisory Services LLC Sells 1,680 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Insigneo Advisory Services LLC reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,321 shares of the specialty retailer’s stock after selling 1,680 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Alibaba Group were worth $1,553,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the 4th quarter valued at approximately $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $32,000. Redwood Park Advisors LLC purchased a new stake in Alibaba Group in the fourth quarter worth $52,000. Kieckhefer Group LLC bought a new position in Alibaba Group in the fourth quarter worth $55,000. Finally, Vision Financial Markets LLC purchased a new position in Alibaba Group during the fourth quarter valued at $55,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of recent research reports. Mizuho lifted their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, March 28th. Barclays lifted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Robert W. Baird upped their price target on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Benchmark lifted their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alibaba Group currently has a consensus rating of “Buy” and an average target price of $150.36.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $107.05 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.43. The stock’s 50-day simple moving average is $127.19 and its 200-day simple moving average is $104.75. The company has a market capitalization of $254.27 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 0.61 and a beta of 0.24.

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