Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC cut its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 43.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,304 shares of the specialty retailer’s stock after selling 3,310 shares during the period. Valeo Financial Advisors LLC’s holdings in Alibaba Group were worth $333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BABA. Princeton Global Asset Management LLC purchased a new position in Alibaba Group in the 3rd quarter valued at about $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in Alibaba Group in the 3rd quarter valued at about $27,000. GPS Wealth Strategies Group LLC lifted its holdings in Alibaba Group by 116.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in Alibaba Group in the 3rd quarter valued at about $30,000. Finally, Milestone Investment Advisors LLC purchased a new position in Alibaba Group in the 3rd quarter valued at about $31,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of recent research reports. Macquarie lowered shares of Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $88.50 to $85.40 in a report on Thursday, February 8th. JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 price objective on shares of Alibaba Group in a report on Tuesday, April 9th. Citigroup cut their price objective on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group cut their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Stock Down 4.8 %

BABA stock opened at $71.29 on Monday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $180.90 billion, a P/E ratio of 13.15 and a beta of 0.46. The firm has a 50 day simple moving average of $73.59 and a 200-day simple moving average of $76.33.

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

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.