Stonehage Fleming Financial Services Holdings Ltd Reduces Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Stonehage Fleming Financial Services Holdings Ltd trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 74.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,481 shares of the specialty retailer's stock after selling 7,080 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd's holdings in Alibaba Group were worth $210,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TRUE Private Wealth Advisors increased its holdings in Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock worth $331,000 after purchasing an additional 112 shares during the period. Venturi Wealth Management LLC lifted its stake 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 acquiring an additional 121 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Alibaba Group by 3.6% during the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer's stock worth $324,000 after acquiring an additional 134 shares in the last quarter. Wynn Capital LLC increased its position in shares of Alibaba Group by 1.0% in the 4th quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer's stock valued at $1,103,000 after purchasing an additional 135 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in shares of Alibaba Group by 4.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer's stock worth $361,000 after purchasing an additional 139 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of BABA stock traded up $0.84 during mid-day trading on Monday, hitting $89.98. The stock had a trading volume of 25,947,149 shares, compared to its average volume of 13,356,944. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $117.82. The firm has a market cap of $214.32 billion, a PE ratio of 18.25, a PEG ratio of 0.37 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company's 50-day simple moving average is $85.54 and its 200-day simple moving average is $88.27.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business's revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 EPS. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

BABA has been the subject of several recent analyst reports. Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Robert W. Baird upped their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. StockNews.com cut shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Bank of America upped their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Macquarie upgraded shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target for the company in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $115.13.

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.