Harbor Investment Advisory LLC Decreases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Harbor Investment Advisory LLC trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,121 shares of the specialty retailer’s stock after selling 493 shares during the period. Harbor Investment Advisory LLC’s holdings in Alibaba Group were worth $5,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FLC Capital Advisors acquired a new stake in Alibaba Group during the fourth quarter valued at $255,000. Joule Financial LLC lifted its holdings in Alibaba Group by 1.8% in the 4th quarter. Joule Financial LLC now owns 7,807 shares of the specialty retailer’s stock valued at $662,000 after purchasing an additional 140 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in Alibaba Group by 30.4% during the fourth quarter. Aaron Wealth Advisors LLC now owns 5,987 shares of the specialty retailer’s stock worth $508,000 after acquiring an additional 1,395 shares during the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in shares of Alibaba Group during the 4th quarter worth approximately $261,000. Finally, Riversedge Advisors LLC increased its stake in shares of Alibaba Group by 41.0% in the 4th quarter. Riversedge Advisors LLC now owns 2,664 shares of the specialty retailer’s stock worth $226,000 after acquiring an additional 774 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BABA has been the topic of a number of recent analyst reports. Bank of America upped their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a research note on Monday, October 7th. Benchmark reissued a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Barclays reduced their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Price Performance

NYSE BABA opened at $85.16 on Tuesday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $202.93 billion, a PE ratio of 17.27, a P/E/G ratio of 0.40 and a beta of 0.30. The stock has a 50-day simple moving average of $86.06 and a 200 day simple moving average of $87.86.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 earnings per share. Research analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS 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.