Baker Avenue Asset Management LP Reduces Stake in Alibaba Group Holding Ltd (BABA)

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Baker Avenue Asset Management LP decreased its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 35.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,147 shares of the specialty retailer’s stock after selling 15,005 shares during the period. Baker Avenue Asset Management LP’s holdings in Alibaba Group were worth $3,721,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BABA. Norway Savings Bank grew its stake in shares of Alibaba Group by 640.0% in the 4th quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 160 shares in the last quarter. Archford Capital Strategies LLC grew its stake in shares of Alibaba Group by 80.4% in the 4th quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 82 shares in the last quarter. Sontag Advisory LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $27,000. Baystate Wealth Management LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $31,000. Finally, BerganKDV Wealth Management LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $34,000. Institutional investors own 39.66% of the company’s stock.

Shares of NYSE BABA opened at $176.26 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $464.85 billion, a P/E ratio of 43.74, a PEG ratio of 1.77 and a beta of 2.31. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $211.70.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $10.83. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The business had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. During the same period in the prior year, the company posted $1.63 earnings per share. Alibaba Group’s revenue was up 41.3% on a year-over-year basis. Equities analysts anticipate that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.

Several brokerages recently commented on BABA. Argus reissued a “buy” rating on shares of Alibaba Group in a research note on Friday, February 1st. HSBC upped their target price on Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $180.00 target price (up previously from $175.00) on shares of Alibaba Group in a research report on Thursday, January 31st. KeyCorp set a $200.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. One analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $211.07.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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