Schechter Investment Advisors LLC Sells 2,418 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Schechter Investment Advisors LLC reduced its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,657 shares of the specialty retailer's stock after selling 2,418 shares during the quarter. Schechter Investment Advisors LLC's holdings in Alibaba Group were worth $2,006,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BABA. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the fourth quarter valued at approximately $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the fourth quarter valued at approximately $32,000. Assetmark Inc. lifted its position in Alibaba Group by 225.4% during 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. Kieckhefer Group LLC bought a new stake in Alibaba Group during the fourth quarter valued at approximately $55,000. Finally, Golden State Wealth Management LLC bought a new stake in Alibaba Group during the fourth quarter valued at approximately $60,000. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on BABA shares. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Bank of America lifted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Alibaba Group presently has a consensus rating of "Buy" and an average price target of $144.07.

Alibaba Group Stock Up 0.3 %

Shares of BABA stock traded up $0.37 during mid-day trading on Tuesday, reaching $131.18. 19,027,250 shares of the company's stock traded hands, compared to its average volume of 31,053,035. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.30. The company has a market cap of $311.67 billion, a P/E ratio of 18.96, a P/E/G ratio of 0.61 and a beta of 0.31. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company's 50-day moving average price is $101.27 and its 200-day moving average price is $95.35.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its 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 the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, equities analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.