D.A. Davidson & CO. Reduces Stake in Alibaba Group Holding Limited (NYSE:BABA)

D.A. Davidson & CO. cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 21.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,949 shares of the specialty retailer’s stock after selling 1,063 shares during the quarter. D.A. Davidson & CO.’s holdings in Alibaba Group were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BABA. Concord Wealth Partners grew its holdings in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares during the period. Highline Wealth Partners LLC purchased a new stake in Alibaba Group in the 3rd quarter worth approximately $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter worth approximately $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at approximately $32,000. Finally, Assetmark Inc. lifted its stake in shares of Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 275 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a research report on Monday. Finally, Benchmark boosted their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $144.07.

Alibaba Group Stock Performance

NYSE:BABA opened at $139.18 on Thursday. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $145.30. The company has a market cap of $330.69 billion, a P/E ratio of 20.11, a P/E/G ratio of 0.61 and a beta of 0.31. 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 company’s 50-day moving average price is $98.31 and its 200-day moving average price is $94.13.

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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.