Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 32.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,923 shares of the specialty retailer’s stock after selling 922 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Alibaba Group were worth $163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Decker Retirement Planning Inc. acquired a new position in Alibaba Group during the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth $32,000. Assetmark Inc. raised its position in shares of Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the period. Kieckhefer Group LLC acquired a new position in Alibaba Group in the fourth quarter valued at $55,000. Finally, Vision Financial Markets LLC acquired a new stake in Alibaba Group during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BABA shares. Barclays boosted their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Bank of America boosted their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $144.07.

Alibaba Group Price Performance

Shares of BABA stock opened at $147.56 on Tuesday. The firm has a market cap of $350.60 billion, a P/E ratio of 21.32, a P/E/G ratio of 0.61 and a beta of 0.28. The firm has a fifty day moving average of $111.98 and a two-hundred day moving average of $99.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data 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 firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, research analysts anticipate 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.