IFP Advisors Inc Sells 1,234 Shares of Alibaba Group Holding Limited (NYSE:BABA)

IFP Advisors Inc reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 17.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,708 shares of the specialty retailer’s stock after selling 1,234 shares during the quarter. IFP Advisors Inc’s holdings in Alibaba Group were worth $484,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BABA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 in the last quarter. Hhlr Advisors LTD. grew its stake in shares of 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 in the last quarter. FMR LLC grew its stake in shares of 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 in the last quarter. Aspex Management HK Ltd bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $115,995,000. Finally, Bank of Montreal Can bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $63,929,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Trading Down 3.0 %

Shares of Alibaba Group stock opened at $132.45 on Friday. The business has a fifty day simple moving average of $100.36 and a two-hundred day simple moving average of $94.79. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.30. The company has a market capitalization of $314.70 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BABA. Robert W. Baird raised their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $104.00 to $165.00 in a research note on Tuesday. Citigroup raised their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Fifteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Buy” and an average price target of $144.07.

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.