Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,371 shares of the specialty retailer’s stock after selling 1,937 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Alibaba Group were worth $625,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its stake in shares of Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after buying an additional 178,999 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Alibaba Group by 4.3% during the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after acquiring an additional 139 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Alibaba Group by 66.6% in the third quarter. Global Retirement Partners LLC now owns 3,978 shares of the specialty retailer’s stock valued at $422,000 after purchasing an additional 1,590 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Alibaba Group by 6.5% in the third quarter. Bleakley Financial Group LLC now owns 11,056 shares of the specialty retailer’s stock valued at $1,173,000 after purchasing an additional 673 shares during the last quarter. Finally, Secure Asset Management LLC purchased a new position in shares of Alibaba Group during the 3rd quarter worth approximately $218,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $124.73 on Friday. The stock has a market capitalization of $296.71 billion, a P/E ratio of 25.30, a PEG ratio of 0.42 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $90.47 and its 200 day moving average price is $90.70. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $126.80.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BABA shares. StockNews.com lowered Alibaba Group from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup upped their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Finally, Barclays lowered their price target 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. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $115.86.

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.