Meitav Investment House Ltd. Sells 178,614 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Meitav Investment House Ltd. lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 97.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,946 shares of the specialty retailer’s stock after selling 178,614 shares during the period. Meitav Investment House Ltd.’s holdings in Alibaba Group were worth $333,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. TRUE Private Wealth Advisors increased its stake in Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 112 shares during the last quarter. TBH Global Asset Management LLC grew its holdings in shares of Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $407,000 after acquiring an additional 112 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after acquiring an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in Alibaba Group by 3.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after acquiring an additional 124 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in Alibaba Group by 3.6% in the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after purchasing an additional 134 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Barclays lowered their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.93.

Alibaba Group Stock Up 8.3 %

Shares of NYSE BABA opened at $136.26 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $323.74 billion, a P/E ratio of 27.64, a P/E/G ratio of 0.54 and a beta of 0.31. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $144.51. The business has a 50-day simple moving average of $94.31 and a two-hundred day simple moving average of $92.42.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Research analysts anticipate that Alibaba Group Holding Limited will post 7.86 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.