WP Advisors LLC Sells 800 Shares of Alibaba Group Holding Limited (NYSE:BABA)

WP Advisors LLC lowered its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,500 shares of the specialty retailer’s stock after selling 800 shares during the period. WP Advisors LLC’s holdings in Alibaba Group were worth $382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BABA. Assenagon Asset Management S.A. increased its holdings in Alibaba Group by 1,392.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after acquiring an additional 5,715,155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Alibaba Group by 3,180.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after acquiring an additional 3,740,150 shares during the period. Hhlr Advisors LTD. increased its holdings in Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after acquiring an additional 3,448,152 shares during the period. FMR LLC increased its holdings in Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after acquiring an additional 2,959,954 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Alibaba Group by 9,205.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer’s stock worth $1,801,240,000 after acquiring an additional 1,679,117 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 8.3 %

NYSE:BABA opened at $136.26 on Friday. The company has a 50-day moving average price of $94.31 and a 200-day moving average price of $92.42. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $144.51. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market cap of $323.74 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 0.54 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last posted its 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). Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BABA. Citigroup upped their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Mizuho upped their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Barclays decreased their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.93.

Alibaba Group 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.