Farther Finance Advisors LLC Sells 3,096 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Farther Finance Advisors LLC lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 41.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,413 shares of the specialty retailer’s stock after selling 3,096 shares during the period. Farther Finance Advisors LLC’s holdings in Alibaba Group were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 buying an additional 3,740,150 shares during the period. Hhlr Advisors LTD. grew its stake in shares of Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after acquiring an additional 3,448,152 shares in the last quarter. FMR LLC increased its position in Alibaba Group by 454.2% during the third 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. Aspex Management HK Ltd acquired a new stake in Alibaba Group in the 3rd quarter worth about $115,995,000. Finally, Bank of Montreal Can bought a new stake in Alibaba Group in the 3rd quarter valued at about $63,929,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of BABA opened at $147.56 on Tuesday. The business has a 50-day simple moving average of $111.98 and a two-hundred day simple moving average of $99.32. The stock has a market cap of $350.60 billion, a PE ratio of 21.32, a PEG ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (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%. Analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BABA. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Benchmark raised their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Alibaba Group has an average rating of “Buy” and an average price target of $144.07.

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.