Activest Wealth Management Decreases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Activest Wealth Management decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 745 shares of the specialty retailer’s stock after selling 133 shares during the period. Activest Wealth Management’s holdings in Alibaba Group were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in BABA. AMF Tjanstepension AB raised its position in Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after buying an additional 178,999 shares during the last quarter. UMB Bank n.a. grew its position in Alibaba Group by 361.0% during the 3rd quarter. UMB Bank n.a. now owns 4,172 shares of the specialty retailer’s stock worth $443,000 after purchasing an additional 3,267 shares during the period. Clarius Group LLC purchased a new position in shares of Alibaba Group during the 3rd quarter valued at about $248,000. Octavia Wealth Advisors LLC purchased a new stake in shares of Alibaba Group in the third quarter worth about $234,000. Finally, Perfromance Wealth Partners LLC acquired a new stake in Alibaba Group during the third quarter worth about $220,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 3.3 %

Shares of BABA stock opened at $103.71 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $88.04 and its 200-day moving average price is $89.69. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The stock has a market cap of $246.69 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 0.42 and a beta of 0.31.

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

Analyst Ratings Changes

BABA has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Barclays lowered their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. 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 research report on Thursday, October 24th. Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Citigroup lifted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.86.

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.