Regent Investment Management LLC Sells 1,985 Shares of Alibaba Group Holding Ltd (BABA)

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Regent Investment Management LLC decreased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 8.5% during the 1st quarter, Holdings Channel reports. The fund owned 21,235 shares of the specialty retailer’s stock after selling 1,985 shares during the quarter. Alibaba Group comprises approximately 1.3% of Regent Investment Management LLC’s portfolio, making the stock its 18th biggest holding. Regent Investment Management LLC’s holdings in Alibaba Group were worth $3,874,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BABA. Cypress Wealth Services LLC lifted its position in Alibaba Group by 3.8% in the first quarter. Cypress Wealth Services LLC now owns 1,515 shares of the specialty retailer’s stock valued at $276,000 after buying an additional 56 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its position in Alibaba Group by 5.4% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,296 shares of the specialty retailer’s stock valued at $180,000 after buying an additional 66 shares during the last quarter. Enterprise Financial Services Corp lifted its position in Alibaba Group by 25.5% in the fourth quarter. Enterprise Financial Services Corp now owns 354 shares of the specialty retailer’s stock valued at $49,000 after buying an additional 72 shares during the last quarter. Mission Wealth Management LP lifted its position in Alibaba Group by 4.6% in the fourth quarter. Mission Wealth Management LP now owns 1,648 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 72 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in Alibaba Group by 3.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 2,365 shares of the specialty retailer’s stock valued at $324,000 after buying an additional 74 shares during the last quarter. 40.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BABA stock traded down $1.44 during trading hours on Monday, reaching $185.50. 132,525 shares of the stock were exchanged, compared to its average volume of 12,229,007. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. Alibaba Group Holding Ltd has a 12-month low of $129.77 and a 12-month high of $211.70. The firm has a market capitalization of $478.78 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 1.57 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The firm had revenue of $117.28 billion for the quarter, compared to analyst estimates of $118.52 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The business’s quarterly revenue was up 41.3% compared to the same quarter last year. Equities analysts forecast that Alibaba Group Holding Ltd will post 3.68 EPS for the current fiscal year.

A number of research analysts have commented on BABA shares. ValuEngine cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Macquarie set a $220.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, January 8th. Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Alibaba Group in a research note on Monday, January 14th. Finally, HSBC boosted their price target on shares of Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 14th. One investment analyst has rated the stock with a sell rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $211.54.

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About Alibaba Group

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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