Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,023 shares of the specialty retailer's stock after selling 45,826 shares during the period. Stifel Financial Corp's holdings in Alibaba Group were worth $18,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group in the fourth quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL raised its stake in shares of Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after purchasing an additional 200 shares during the last quarter. Redwood Park Advisors LLC bought a new position in Alibaba Group during the 4th quarter valued at about $52,000. Finally, Kieckhefer Group LLC bought a new stake in Alibaba Group in the 4th quarter worth approximately $55,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Down 1.6 %

NYSE BABA traded down $1.91 during trading on Monday, hitting $118.37. The company's stock had a trading volume of 10,660,505 shares, compared to its average volume of 20,705,736. The business's 50 day simple moving average is $126.47 and its 200-day simple moving average is $104.80. The company has a market cap of $282.87 billion, a PE ratio of 17.11, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Ratings Changes

BABA has been the topic of several recent research reports. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Citigroup cut their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays boosted their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Fourteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $150.36.

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.