Paladin Advisory Group LLC Cuts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Paladin Advisory Group LLC trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 77.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,512 shares of the specialty retailer’s stock after selling 5,170 shares during the quarter. Paladin Advisory Group LLC’s holdings in Alibaba Group were worth $128,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Concord Wealth Partners boosted its stake in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group in the 2nd quarter worth about $27,000. Highline Wealth Partners LLC bought a new position in Alibaba Group during the 3rd quarter valued at about $36,000. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the fourth quarter worth approximately $31,000. 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 last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.2 %

BABA opened at $97.16 on Wednesday. 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 market cap of $231.41 billion, a P/E ratio of 19.58, a P/E/G ratio of 0.37 and a beta of 0.30. The business has a fifty day simple moving average of $85.73 and a 200-day simple moving average of $88.46. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (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 for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter last year, the company earned $1.82 EPS. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on BABA shares. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Bank of America lifted their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Benchmark reiterated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Citigroup upped their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $115.13.

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.