Selective Wealth Management Inc. Trims Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Selective Wealth Management Inc. lessened its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 71.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,873 shares of the specialty retailer's stock after selling 34,651 shares during the period. Selective Wealth Management Inc.'s holdings in Alibaba Group were worth $1,133,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sanders Capital LLC increased its holdings in Alibaba Group by 0.3% in the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer's stock worth $1,959,021,000 after purchasing an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. grew its position in shares of Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after buying an additional 3,448,152 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock valued at $650,043,000 after buying an additional 5,715,155 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock valued at $409,385,000 after buying an additional 3,740,150 shares during the last quarter. Finally, FMR LLC grew its position in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock valued at $383,260,000 after buying an additional 2,959,954 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BABA shares. Bank of America upped their price target on Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. 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. Macquarie upgraded Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. StockNews.com lowered Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Finally, Robert W. Baird upped their target price on Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $115.13.

Alibaba Group Stock Up 3.3 %

Shares of BABA stock traded up $2.73 during trading hours on Friday, reaching $85.16. The company had a trading volume of 21,072,995 shares, compared to its average volume of 10,289,486. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. 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 business has a fifty day simple moving average of $86.06 and a 200-day simple moving average of $87.68. The company has a market cap of $202.93 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 0.40 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $1.82 earnings per share. On average, research analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

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.