GFG Capital LLC Sells 3,160 Shares of Alibaba Group Holding Limited (NYSE:BABA)

GFG Capital LLC decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,140 shares of the specialty retailer’s stock after selling 3,160 shares during the quarter. Alibaba Group comprises about 1.4% of GFG Capital LLC’s portfolio, making the stock its 19th largest holding. GFG Capital LLC’s holdings in Alibaba Group were worth $5,523,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Banque Pictet & Cie SA boosted its position in shares of Alibaba Group by 19.0% during the fourth quarter. Banque Pictet & Cie SA now owns 50,389 shares of the specialty retailer’s stock worth $4,269,000 after acquiring an additional 8,039 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Alibaba Group by 30.5% during the fourth quarter. V Square Quantitative Management LLC now owns 11,644 shares of the specialty retailer’s stock valued at $986,000 after purchasing an additional 2,719 shares during the last quarter. Root Financial Partners LLC lifted its position in Alibaba Group by 14.3% during the fourth quarter. Root Financial Partners LLC now owns 14,090 shares of the specialty retailer’s stock valued at $1,195,000 after purchasing an additional 1,768 shares during the last quarter. Vontobel Holding Ltd. lifted its position in Alibaba Group by 2.0% during the fourth quarter. Vontobel Holding Ltd. now owns 254,212 shares of the specialty retailer’s stock valued at $21,555,000 after purchasing an additional 5,046 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in Alibaba Group by 40.7% during the fourth quarter. Bogart Wealth LLC now owns 1,525 shares of the specialty retailer’s stock valued at $129,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $119.55 on Friday. The company’s fifty day moving average price is $89.76 and its 200 day moving average price is $90.50. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $119.81. The company has a market capitalization of $284.38 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its quarterly 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. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the prior year, the firm posted $1.82 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on BABA. Citigroup increased their price objective 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. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird increased their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.86.

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.