Freestone Capital Holdings LLC Sells 4,859 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Freestone Capital Holdings LLC trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 35.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,807 shares of the specialty retailer's stock after selling 4,859 shares during the quarter. Freestone Capital Holdings LLC's holdings in Alibaba Group were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Lindbrook Capital LLC raised its stake in shares of Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after purchasing an additional 101 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Alibaba Group by 3.6% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock worth $266,000 after buying an additional 108 shares in the last quarter. TRUE Private Wealth Advisors raised its position 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 worth $331,000 after buying an additional 112 shares during the last quarter. TBH Global Asset Management LLC lifted its stake in Alibaba Group by 2.4% during the 4th 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 during the period. Finally, Venturi Wealth Management LLC boosted its holdings in Alibaba Group by 6.0% in the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer's stock worth $228,000 after purchasing an additional 121 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

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Alibaba Group Price Performance

BABA stock traded down $8.17 during trading on Monday, reaching $132.45. The company's stock had a trading volume of 33,281,934 shares, compared to its average volume of 18,694,787. The company's fifty day moving average is $105.46 and its 200-day moving average is $96.90. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.36. The company has a market capitalization of $314.70 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Benchmark upped their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Bank of America upped their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $144.07.

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.