Rakuten Securities Inc. Has $579,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Rakuten Securities Inc. lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 23.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,825 shares of the specialty retailer’s stock after selling 2,044 shares during the quarter. Rakuten Securities Inc.’s holdings in Alibaba Group were worth $579,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Lindbrook Capital LLC grew its holdings in Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 101 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after acquiring an additional 108 shares during the period. TRUE Private Wealth Advisors grew its holdings in Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 112 shares during the period. TBH Global Asset Management LLC grew its holdings in Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 112 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 5.0 %

NYSE:BABA opened at $139.21 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $330.76 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 0.61 and a beta of 0.28. The firm has a fifty day simple moving average of $107.51 and a two-hundred day simple moving average of $97.63. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.36.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on BABA shares. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Mizuho lifted their price target 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. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Alibaba Group has an average rating of “Buy” and a consensus target price 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.