Harbour Investments Inc. Lowers Stake in Alibaba Group Holding Limited (NYSE:BABA)

Harbour Investments Inc. cut its position in Alibaba Group Holding Limited (NYSE:BABA) by 26.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,554 shares of the specialty retailer’s stock after selling 899 shares during the quarter. Harbour Investments Inc.’s holdings in Alibaba Group were worth $217,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans purchased a new stake in Alibaba Group in the 3rd quarter worth $321,000. Pathstone Holdings LLC increased its stake in Alibaba Group by 5.7% in the 3rd quarter. Pathstone Holdings LLC now owns 37,149 shares of the specialty retailer’s stock worth $3,942,000 after buying an additional 1,987 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Alibaba Group in the 3rd quarter worth $1,107,000. PNC Financial Services Group Inc. increased its stake in Alibaba Group by 2.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 42,886 shares of the specialty retailer’s stock worth $4,551,000 after buying an additional 845 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Alibaba Group by 16.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,338 shares of the specialty retailer’s stock worth $460,000 after buying an additional 614 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of BABA opened at $135.16 on Friday. The company has a market cap of $321.14 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $116.49 and a two-hundred day moving average of $100.66.

Alibaba Group (NYSE:BABA) last announced its 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 during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on BABA shares. Citigroup increased their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. JPMorgan Chase & Co. increased their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $144.07.

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.