Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 10.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,039 shares of the specialty retailer’s stock after selling 454 shares during the period. Jacobi Capital Management LLC’s holdings in Alibaba Group were worth $342,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BABA. Decker Retirement Planning Inc. bought a new position in Alibaba Group during the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new position in Alibaba Group during the 4th quarter valued at $32,000. Assetmark Inc. boosted its stake in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 275 shares during the last quarter. Kieckhefer Group LLC bought a new position in Alibaba Group during the 4th quarter valued at $55,000. Finally, Golden State Wealth Management LLC bought a new position in Alibaba Group during the 4th quarter valued at $60,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BABA shares. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Robert W. Baird raised their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Citigroup raised their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Benchmark raised their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Trading Down 3.0 %

Shares of NYSE:BABA opened at $132.45 on Monday. The company has a market cap of $314.70 billion, a PE ratio of 19.14, a P/E/G ratio of 0.61 and a beta of 0.31. The company’s 50-day moving average price is $100.36 and its 200 day moving average price is $94.99. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.30. 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 (NYSE:BABA) last issued 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%. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current 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.