Fort Washington Investment Advisors Inc. OH Sells 34,616 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Fort Washington Investment Advisors Inc. OH reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 363,319 shares of the specialty retailer’s stock after selling 34,616 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Alibaba Group were worth $30,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BABA. Atomi Financial Group Inc. grew its holdings in Alibaba Group by 12.2% during the 4th quarter. Atomi Financial Group Inc. now owns 22,489 shares of the specialty retailer’s stock worth $1,907,000 after acquiring an additional 2,443 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Alibaba Group by 3.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 128,015 shares of the specialty retailer’s stock worth $10,855,000 after purchasing an additional 4,264 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Alibaba Group by 5.9% during the 4th quarter. Ballentine Partners LLC now owns 13,892 shares of the specialty retailer’s stock worth $1,178,000 after buying an additional 779 shares during the period. Aurora Investment Managers LLC. increased its stake in shares of Alibaba Group by 4.4% in the 4th quarter. Aurora Investment Managers LLC. now owns 76,486 shares of the specialty retailer’s stock valued at $6,485,000 after acquiring an additional 3,236 shares in the last quarter. Finally, FLC Capital Advisors acquired a new position in shares of Alibaba Group during the 4th quarter valued at $255,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Up 1.3 %

Alibaba Group stock opened at $86.49 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $206.00 billion, a P/E ratio of 17.54, a P/E/G ratio of 0.45 and a beta of 0.30. The firm has a 50 day moving average price of $85.73 and a 200-day moving average price of $88.01. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $1.82 earnings per share. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. Citigroup lifted their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird boosted their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Finally, Bank of America upped their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $115.13.

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.