Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by GFG Capital LLC

GFG Capital LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 0.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,239 shares of the specialty retailer’s stock after selling 338 shares during the quarter. Alibaba Group comprises 1.5% of GFG Capital LLC’s portfolio, making the stock its 20th largest position. GFG Capital LLC’s holdings in Alibaba Group were worth $5,705,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BABA. Bogart Wealth LLC grew its stake in shares of Alibaba Group by 16.7% during the first quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 142 shares in the last quarter. Legacy Advisors LLC grew its stake in Alibaba Group by 1.4% during the 4th quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock valued at $826,000 after purchasing an additional 145 shares in the last quarter. North Star Investment Management Corp. grew its stake in Alibaba Group by 11.2% during the 1st quarter. North Star Investment Management Corp. now owns 1,533 shares of the specialty retailer’s stock valued at $111,000 after purchasing an additional 154 shares in the last quarter. Evolution Wealth Advisors LLC increased its holdings in Alibaba Group by 4.1% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 4,004 shares of the specialty retailer’s stock worth $288,000 after purchasing an additional 158 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its position in shares of Alibaba Group by 2.5% in the 4th quarter. Hexagon Capital Partners LLC now owns 6,664 shares of the specialty retailer’s stock valued at $517,000 after purchasing an additional 164 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of research reports. Robert W. Baird lifted their price target on Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday. Loop Capital lifted their target price on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Bank of America upped their price target on Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Mizuho lowered their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Susquehanna dropped their target price on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.32.

Alibaba Group Price Performance

BABA stock traded down $2.88 on Tuesday, hitting $81.03. 17,799,718 shares of the company’s stock traded hands, compared to its average volume of 16,705,861. The stock has a market cap of $205.61 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 0.48 and a beta of 0.32. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $96.68. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $76.73 and a 200-day moving average of $76.07.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. The company had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. Alibaba Group’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 earnings per share. On average, analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS 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.