Private Advisor Group LLC lessened its position in Alibaba Group Holding Ltd (NYSE:BABA) by 31.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,864 shares of the specialty retailer’s stock after selling 6,740 shares during the period. Private Advisor Group LLC’s holdings in Alibaba Group were worth $2,739,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BABA. First Eagle Investment Management LLC acquired a new position in shares of Alibaba Group in the third quarter valued at approximately $104,000. Lenox Wealth Advisors Inc. raised its position in shares of Alibaba Group by 2,636.4% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 580 shares during the last quarter. Lorber David A acquired a new position in shares of Alibaba Group in the third quarter valued at approximately $109,000. Highlander Capital Management LLC raised its position in shares of Alibaba Group by 478.0% in the third quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock valued at $150,000 after buying an additional 717 shares during the last quarter. Finally, Private Ocean LLC raised its position in shares of Alibaba Group by 100.0% in the third quarter. Private Ocean LLC now owns 1,000 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 500 shares during the last quarter. 37.88% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on BABA shares. Vetr lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $197.98 price objective for the company. in a research report on Monday, October 30th. BidaskClub lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. SunTrust Banks reissued a “buy” rating and issued a $205.00 price objective on shares of Alibaba Group in a research report on Friday, October 20th. KeyCorp set a $182.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Needham & Company LLC boosted their price objective on shares of Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $211.14.

Shares of Alibaba Group Holding Ltd (NYSE:BABA) opened at $186.76 on Thursday. Alibaba Group Holding Ltd has a 52-week low of $100.11 and a 52-week high of $206.20. The stock has a market cap of $459,086.88, a price-to-earnings ratio of 48.38, a PEG ratio of 1.45 and a beta of 2.58. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. The business had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the company earned $1.30 EPS. research analysts forecast that Alibaba Group Holding Ltd will post 4.05 EPS for the current fiscal year.

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About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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