Fort Washington Investment Advisors Inc. OH lowered its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 363,319 shares of the specialty retailer's stock after selling 34,616 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Alibaba Group were worth $30,806,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group during the 2nd quarter worth about $27,000. Concord Wealth Partners increased its stake in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 155 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group in the fourth quarter valued at approximately $31,000. Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group in the third quarter valued at approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alibaba Group during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 13.47% of the company's stock.
Alibaba Group Trading Up 1.3 %
NYSE:BABA opened at $86.49 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The stock's 50 day moving average price is $85.62 and its 200 day moving average price is $88.00. The company has a market capitalization of $206.00 billion, a PE ratio of 17.54, a P/E/G ratio of 0.45 and a beta of 0.30.
Alibaba Group (NYSE:BABA - Get Free Report) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion for the quarter, compared to analysts' expectations of $239.45 billion. During the same period in the previous year, the company posted $1.82 EPS. The company's quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Bank of America upped their price objective on Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. StockNews.com lowered Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Macquarie raised Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Robert W. Baird lifted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Benchmark reissued a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average price target of $115.13.
Read Our Latest Analysis on BABA
About Alibaba Group
(
Free Report)
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.
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