Avior Wealth Management LLC Has $435,000 Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Avior Wealth Management LLC lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,128 shares of the specialty retailer’s stock after selling 332 shares during the quarter. Avior Wealth Management LLC’s holdings in Alibaba Group were worth $435,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BABA. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group during the 2nd quarter worth approximately $27,000. Concord Wealth Partners raised its stake in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group during the 4th quarter worth approximately $31,000. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alibaba Group during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Bank of America upped their price objective on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird increased their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Stock Performance

NYSE:BABA opened at $89.13 on Monday. The stock’s 50-day simple moving average is $85.54 and its 200 day simple moving average is $88.18. The firm has a market capitalization of $212.29 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 0.37 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. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.