Prime Capital Investment Advisors LLC Decreases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Prime Capital Investment Advisors LLC lessened its stake in Alibaba Group Holding Limited (NYSE:BABA) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,471 shares of the specialty retailer’s stock after selling 298 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Alibaba Group were worth $347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BABA. Morgan Stanley raised its position in shares of Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after acquiring an additional 1,406,491 shares in the last quarter. Sanders Capital LLC raised its position in shares of Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after acquiring an additional 11,473,618 shares in the last quarter. Fiduciary Alliance LLC raised its position in shares of Alibaba Group by 27.1% during the 3rd quarter. Fiduciary Alliance LLC now owns 14,275 shares of the specialty retailer’s stock worth $1,238,000 after acquiring an additional 3,040 shares in the last quarter. Certuity LLC raised its position in shares of Alibaba Group by 122.2% during the 3rd quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock worth $9,863,000 after acquiring an additional 62,543 shares in the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd raised its position in shares of Alibaba Group by 19.7% during the 3rd quarter. Taikang Asset Management Hong Kong Co Ltd now owns 730,000 shares of the specialty retailer’s stock worth $63,320,000 after acquiring an additional 120,000 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA opened at $71.30 on Friday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50. The stock has a market capitalization of $180.91 billion, a P/E ratio of 13.15 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The company’s fifty day moving average is $73.59 and its two-hundred day moving average is $76.46.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The firm had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.44 earnings per share. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 7.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BABA shares. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a report on Tuesday. Mizuho restated a “buy” rating and set a $95.00 price target on shares of Alibaba Group in a research note on Wednesday, March 27th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, Barclays decreased their price objective on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $112.91.

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.