Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 99.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,366 shares of the specialty retailer's stock after selling 1,684,992 shares during the period. International Assets Investment Management LLC's holdings in Alibaba Group were worth $1,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group during the second quarter worth about $27,000. Concord Wealth Partners grew its stake in Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in Alibaba Group during the 3rd quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Alibaba Group in the second quarter valued at about $38,000. Finally, Assetmark Inc. grew its position in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Down 3.8 %

Shares of BABA traded down $3.20 during mid-day trading on Friday, reaching $80.49. 15,359,519 shares of the stock traded hands, compared to its average volume of 12,092,227. The firm has a market cap of $191.80 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 0.44 and a beta of 0.30. The stock has a fifty day simple moving average of $87.93 and a 200 day simple moving average of $87.31. 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 12-month low of $66.63 and a 12-month high of $117.82.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. During the same quarter in the previous year, the business posted $1.82 EPS. The firm's revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BABA shares. Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday. Mizuho upped their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 14th. Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target on the stock in a research note on Monday, October 7th. Finally, Barclays cut their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.13.

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.