V2 Financial group LLC Lowers Stake in Alibaba Group Holding Limited (NYSE:BABA)

V2 Financial group LLC lessened its stake in Alibaba Group Holding Limited (NYSE:BABA) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,970 shares of the specialty retailer’s stock after selling 387 shares during the period. Alibaba Group accounts for about 1.2% of V2 Financial group LLC’s portfolio, making the stock its 16th largest position. V2 Financial group LLC’s holdings in Alibaba Group were worth $1,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC raised its stake in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock valued at $13,180,000 after acquiring an additional 27,088 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after buying an additional 42,446 shares during the period. Generate Investment Management Ltd bought a new position in shares of Alibaba Group during the 3rd quarter worth $12,656,000. Nations Financial Group Inc. IA ADV increased its stake in shares of Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after buying an additional 11,192 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after acquiring an additional 266,361 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BABA. Barclays cut their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Finally, Robert W. Baird raised their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $115.86.

Alibaba Group Stock Up 3.3 %

BABA stock opened at $103.71 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $117.82. The stock has a market capitalization of $246.69 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The firm has a 50 day moving average of $88.04 and a 200 day moving average of $89.69.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 earnings per share. Sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Alibaba Group Company Profile

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.