Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,268 shares of the specialty retailer’s stock after selling 24,080 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Alibaba Group were worth $7,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BABA. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group in the second quarter valued at about $27,000. Concord Wealth Partners grew its position in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alibaba Group during the 2nd quarter valued at approximately $38,000. Finally, Assetmark Inc. boosted its holdings in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Shares of BABA opened at $83.74 on Thursday. The firm has a market capitalization of $199.55 billion, a PE ratio of 16.99, a P/E/G ratio of 0.44 and a beta of 0.30. 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 firm has a 50-day moving average price of $88.22 and a 200 day moving average price of $87.34. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates 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 last year, the business earned $1.82 earnings per share. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BABA shares. Bank of America raised their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. Robert W. Baird upped their target price 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 downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Finally, Mizuho upped their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

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.