Alibaba Group Holding Limited (NYSE:BABA) Position Reduced by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 19.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,488 shares of the specialty retailer’s stock after selling 1,531 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Alibaba Group were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TBH Global Asset Management LLC raised its holdings in Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after purchasing an additional 112 shares in the last quarter. Financial Sense Advisors Inc. bought a new stake in Alibaba Group during the fourth quarter worth approximately $713,000. Jessup Wealth Management Inc raised its holdings in Alibaba Group by 780.0% during the fourth quarter. Jessup Wealth Management Inc now owns 83,962 shares of the specialty retailer’s stock worth $7,119,000 after purchasing an additional 74,421 shares in the last quarter. Private Advisor Group LLC raised its holdings in Alibaba Group by 5.6% during the fourth quarter. Private Advisor Group LLC now owns 106,622 shares of the specialty retailer’s stock worth $9,041,000 after purchasing an additional 5,647 shares in the last quarter. Finally, Good Life Advisors LLC increased its holdings in shares of Alibaba Group by 132.8% in the fourth quarter. Good Life Advisors LLC now owns 9,759 shares of the specialty retailer’s stock valued at $827,000 after buying an additional 5,567 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 10.4 %

NYSE BABA opened at $128.87 on Tuesday. The firm’s 50 day moving average price is $96.29 and its two-hundred day moving average price is $93.43. 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 Holding Limited has a twelve month low of $68.36 and a twelve month high of $145.30. The stock has a market cap of $306.18 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.57 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. The company had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. 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. Bank of America upped their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird upped their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.36.

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.