Transamerica Financial Advisors Inc. Trims Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Transamerica Financial Advisors Inc. lessened its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 9.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,172 shares of the specialty retailer’s stock after selling 126 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Alibaba Group were worth $100,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of BABA. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the fourth quarter worth $31,000. Sierra Ocean LLC acquired a new stake in Alibaba Group during the 4th quarter worth about $32,000. Vision Financial Markets LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at about $55,000. Kieckhefer Group LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at about $55,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Alibaba Group in the fourth quarter worth about $60,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BABA. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $100.00 to $180.00 in a report on Monday, February 24th. Mizuho increased their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $148.14.

Alibaba Group Trading Down 2.3 %

BABA opened at $132.49 on Friday. The stock has a market capitalization of $314.80 billion, a PE ratio of 19.15, a P/E/G ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50 day moving average price is $121.60 and its 200 day moving average price is $102.58.

Alibaba Group (NYSE:BABA) last announced 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). The business had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS 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.