LGT Group Foundation Has $1.56 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

LGT Group Foundation trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,428 shares of the specialty retailer’s stock after selling 440 shares during the period. LGT Group Foundation’s holdings in Alibaba Group were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. TRUE Private Wealth Advisors grew its stake in Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after purchasing an additional 112 shares in the last quarter. TBH Global Asset Management LLC boosted its stake in shares of Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 112 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after acquiring an additional 121 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Alibaba Group by 3.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after acquiring an additional 124 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its stake in shares of Alibaba Group by 3.6% during the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after acquiring an additional 134 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 1.3 %

Alibaba Group stock opened at $130.82 on Tuesday. The business has a 50 day moving average price of $101.27 and a two-hundred day moving average price of $95.35. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market cap of $310.82 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BABA shares. Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Mizuho upped 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. Barclays upped their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Bank of America upped their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Fifteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $144.07.

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.