Mystic Asset Management Inc. Sells 300 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Mystic Asset Management Inc. trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 1.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,802 shares of the specialty retailer’s stock after selling 300 shares during the period. Mystic Asset Management Inc.’s holdings in Alibaba Group were worth $1,340,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BABA. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the fourth quarter valued at approximately $32,000. Assetmark Inc. grew its stake in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of Alibaba Group in the 4th quarter worth $55,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Alibaba Group during the 4th quarter valued at $55,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

Shares of BABA opened at $147.56 on Tuesday. The company has a 50-day simple moving average of $111.98 and a two-hundred day simple moving average of $99.32. 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 firm has a market capitalization of $350.60 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.75.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm 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, analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $100.00 to $180.00 in a report on Monday, February 24th. Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, Robert W. Baird boosted their price objective on shares of 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $144.07.

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.