Insigneo Advisory Services LLC Sells 1,680 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Insigneo Advisory Services LLC cut its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,321 shares of the specialty retailer’s stock after selling 1,680 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Alibaba Group were worth $1,553,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Virtu Financial LLC lifted its stake in shares of Alibaba Group by 1,033.1% in the 3rd quarter. Virtu Financial LLC now owns 134,686 shares of the specialty retailer’s stock valued at $14,293,000 after purchasing an additional 122,800 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in Alibaba Group in the third quarter worth $637,000. Pine Valley Investments Ltd Liability Co boosted its stake in Alibaba Group by 21.9% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 114,981 shares of the specialty retailer’s stock worth $12,202,000 after buying an additional 20,654 shares during the period. World Investment Advisors LLC increased its position in Alibaba Group by 17.0% during the third quarter. World Investment Advisors LLC now owns 10,252 shares of the specialty retailer’s stock valued at $1,088,000 after acquiring an additional 1,486 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Alibaba Group in the third quarter valued at $89,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 4.7 %

Shares of NYSE BABA opened at $107.05 on Thursday. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43. The business has a fifty day moving average price of $127.19 and a 200 day moving average price of $104.75. The stock has a market capitalization of $254.27 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Arete Research raised Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a report on Monday, February 24th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Finally, Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $150.36.

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.