Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.9% in the third quarter, HoldingsChannel.com reports. The firm owned 5,460 shares of the specialty retailer’s stock after selling 468 shares during the quarter. Avior Wealth Management LLC’s holdings in Alibaba Group were worth $579,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Alibaba Group in the first quarter valued at approximately $312,000. CANADA LIFE ASSURANCE Co grew its position in shares of Alibaba Group by 462.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock valued at $12,275,000 after buying an additional 139,134 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Alibaba Group during the 1st quarter worth $853,000. Advisors Asset Management Inc. boosted its stake in Alibaba Group by 17.6% in the first quarter. Advisors Asset Management Inc. now owns 3,387 shares of the specialty retailer’s stock valued at $245,000 after acquiring an additional 506 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Alibaba Group by 277.5% during the first quarter. 1832 Asset Management L.P. now owns 80,488 shares of the specialty retailer’s stock worth $5,824,000 after purchasing an additional 59,167 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of BABA stock opened at $85.62 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The company has a market cap of $205.01 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 0.43 and a beta of 0.35. The stock has a 50 day simple moving average of $98.45 and a 200-day simple moving average of $85.81.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter last year, the company earned $1.82 earnings per share. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Alibaba Group Holding Limited will post 8.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Monday, October 7th. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Mizuho raised their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Sanford C. Bernstein upped their target price on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.