Vestmark Advisory Solutions Inc. Sells 372 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Vestmark Advisory Solutions Inc. decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 10.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,261 shares of the specialty retailer’s stock after selling 372 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Alibaba Group were worth $276,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group during the 4th quarter worth approximately $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth approximately $32,000. Assetmark Inc. increased its position in shares of Alibaba Group by 225.4% during the 3rd 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. Vision Financial Markets LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth approximately $55,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth approximately $55,000. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Benchmark boosted their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays boosted their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird boosted their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $144.07.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $140.59 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock’s fifty day moving average price is $105.46 and its two-hundred day moving average price is $96.90. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.36. The firm has a market cap of $334.04 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

About Alibaba Group

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.