Geneos Wealth Management Inc. Sells 3,587 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Geneos Wealth Management Inc. cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 54.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,948 shares of the specialty retailer’s stock after selling 3,587 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Alibaba Group were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Savant Capital LLC boosted its position in Alibaba Group by 2.7% during the 3rd quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer’s stock worth $413,000 after buying an additional 127 shares during the period. Johnson Investment Counsel Inc. increased its holdings in Alibaba Group by 2.1% in the third quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock valued at $584,000 after purchasing an additional 136 shares during the period. Newbridge Financial Services Group Inc. raised its position in Alibaba Group by 4.6% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 3,170 shares of the specialty retailer’s stock worth $275,000 after purchasing an additional 140 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Alibaba Group by 32.9% during the 3rd quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock worth $50,000 after buying an additional 142 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Alibaba Group by 6.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,464 shares of the specialty retailer’s stock valued at $214,000 after buying an additional 142 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 4.8 %

BABA opened at $71.29 on Monday. The firm has a market capitalization of $180.90 billion, a PE ratio of 13.15 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The company’s 50-day moving average is $73.59 and its 200 day moving average is $76.33.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $2.44 earnings per share. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BABA shares. Susquehanna dropped their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. The Goldman Sachs Group decreased their price target on Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Barclays dropped their price objective on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a report on Tuesday, April 9th. Finally, Mizuho reaffirmed a “buy” rating and set a $95.00 price objective on shares of Alibaba Group in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price 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.