Sompo Asset Management Co. Ltd. Sells 190 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Sompo Asset Management Co. Ltd. decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,440 shares of the specialty retailer’s stock after selling 190 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Alibaba Group were worth $365,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BABA. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the second quarter worth $25,000. GPS Wealth Strategies Group LLC grew its stake in shares of Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group in the second quarter worth $27,000. Concord Wealth Partners boosted its position in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in Alibaba Group during the third quarter valued at $36,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE BABA opened at $83.13 on Monday. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.37. The company has a market capitalization of $199.05 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.42 and a beta of 0.35. The company has a fifty day moving average of $98.42 and a 200-day moving average of $85.92.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data 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 company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the previous year, the firm posted $1.82 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Truist Financial dropped their target price on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Loop Capital restated a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Finally, Benchmark restated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

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.