Meitav Investment House Ltd. Sells 178,614 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Meitav Investment House Ltd. lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 97.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,946 shares of the specialty retailer's stock after selling 178,614 shares during the period. Meitav Investment House Ltd.'s holdings in Alibaba Group were worth $333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Concord Wealth Partners lifted its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after buying an additional 155 shares during the period. Decker Retirement Planning Inc. acquired a new position in Alibaba Group during the 4th quarter worth about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group during the 4th quarter worth about $32,000. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the 3rd quarter worth about $36,000. Finally, Assetmark Inc. lifted its holdings in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after buying an additional 275 shares during the period. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Up 5.7 %

NYSE:BABA traded up $7.70 on Friday, hitting $143.67. The stock had a trading volume of 73,657,797 shares, compared to its average volume of 30,282,477. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $341.36 billion, a PE ratio of 29.14, a P/E/G ratio of 0.53 and a beta of 0.31. The business's fifty day moving average is $94.31 and its 200 day moving average is $92.42. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.30.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. On average, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BABA. Robert W. Baird lifted their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, January 10th. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $131.93.

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.