Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by LRI Investments LLC

LRI Investments LLC decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 41.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,428 shares of the specialty retailer’s stock after selling 997 shares during the quarter. LRI Investments LLC’s holdings in Alibaba Group were worth $152,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC purchased a new stake in shares of Alibaba Group during the second quarter valued at $213,000. Wedmont Private Capital acquired a new position in shares of Alibaba Group in the second quarter worth about $254,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Alibaba Group by 105.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 43,894 shares of the specialty retailer’s stock worth $3,160,000 after acquiring an additional 22,495 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 209 shares during the period. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $50,000. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BABA. Loop Capital reissued a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Robert W. Baird lifted their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Mizuho increased 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. Finally, Barclays lowered their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $89.86 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $214.74 billion, a P/E ratio of 18.23, a P/E/G ratio of 0.42 and a beta of 0.30. The business has a 50-day moving average of $96.81 and a two-hundred day moving average of $86.15. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 earnings per share. On average, equities research analysts predict that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Alibaba Group 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.