UMB Bank n.a. Cuts Stake in Alibaba Group Holding Limited (NYSE:BABA)

UMB Bank n.a. cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 78.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 905 shares of the specialty retailer's stock after selling 3,267 shares during the quarter. UMB Bank n.a.'s holdings in Alibaba Group were worth $77,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $27,000. Concord Wealth Partners lifted its holdings in Alibaba Group by 155.0% in the third 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 period. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group during the 4th quarter worth $31,000. Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth $36,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alibaba Group in the 2nd quarter valued at about $38,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BABA has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Macquarie upgraded Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target on the stock in a report on Monday, October 7th. Robert W. Baird lifted their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Benchmark reissued a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Finally, Mizuho lifted their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.13.

Alibaba Group Trading Up 3.5 %

BABA traded up $3.03 during trading on Friday, hitting $89.13. The company's stock had a trading volume of 18,758,714 shares, compared to its average volume of 9,935,154. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The firm's 50 day moving average price is $85.54 and its 200-day moving average price is $88.09. 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 stock has a market cap of $212.29 billion, a PE ratio of 18.08, a PEG ratio of 0.37 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The firm's revenue was up 5.2% on a year-over-year basis. On average, analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

About Alibaba Group

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.