Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,208 shares of the specialty retailer’s stock after selling 928 shares during the period. Chemistry Wealth Management LLC’s holdings in Alibaba Group were worth $1,205,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BABA. Procyon Advisors LLC increased its position in shares of Alibaba Group by 3.1% in the 4th quarter. Procyon Advisors LLC now owns 21,160 shares of the specialty retailer’s stock valued at $1,794,000 after acquiring an additional 633 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group in the fourth quarter valued at $31,000. Empirical Asset Management LLC purchased a new stake in Alibaba Group in the fourth quarter valued at $4,281,000. Retireful LLC purchased a new stake in Alibaba Group in the fourth quarter valued at $214,000. Finally, Ritholtz Wealth Management boosted its holdings in Alibaba Group by 13.6% in the fourth quarter. Ritholtz Wealth Management now owns 42,534 shares of the specialty retailer’s stock valued at $3,606,000 after purchasing an additional 5,097 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BABA has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Citigroup upped their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Mizuho upped their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird increased their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Stock Up 3.3 %

BABA stock opened at $85.16 on Friday. The company has a market cap of $202.93 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. The firm has a 50-day moving average of $86.24 and a two-hundred day moving average of $87.59.

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