Alibaba Group Holding Limited $BABA Holdings Decreased by AE Wealth Management LLC

AE Wealth Management LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,364 shares of the specialty retailer’s stock after selling 3,919 shares during the quarter. AE Wealth Management LLC’s holdings in Alibaba Group were worth $1,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Alibaba Group by 14.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 464,181 shares of the specialty retailer’s stock valued at $68,040,000 after purchasing an additional 59,154 shares in the last quarter. Quadrant Private Wealth Management LLC raised its stake in shares of Alibaba Group by 1.3% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 11,308 shares of the specialty retailer’s stock valued at $1,658,000 after purchasing an additional 145 shares in the last quarter. PDS Planning Inc raised its stake in shares of Alibaba Group by 4.2% during the fourth quarter. PDS Planning Inc now owns 7,986 shares of the specialty retailer’s stock valued at $1,171,000 after purchasing an additional 319 shares in the last quarter. Forteris Wealth Management Inc. bought a new stake in shares of Alibaba Group during the fourth quarter valued at about $749,000. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Alibaba Group by 61.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 50,123 shares of the specialty retailer’s stock valued at $7,347,000 after purchasing an additional 19,169 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Zacks Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 24th. Mizuho dropped their price target on shares of Alibaba Group from $195.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Freedom Capital cut shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group dropped their price target on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $187.68.

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Alibaba Group Trading Down 3.5%

NYSE:BABA opened at $135.27 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. Alibaba Group Holding Limited has a fifty-two week low of $103.71 and a fifty-two week high of $192.67. The stock’s 50-day moving average is $136.46 and its two-hundred day moving average is $153.15. The stock has a market cap of $323.54 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 2.52 and a beta of 0.50.

Alibaba Group (NYSE:BABAGet Free Report) last released its earnings results on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The company had revenue of $40.71 billion for the quarter. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 4.39 earnings per share for the current fiscal year.

Alibaba Group Profile

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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