Ranch Capital Advisors Inc. Sells 217 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Ranch Capital Advisors Inc. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,838 shares of the specialty retailer’s stock after selling 217 shares during the period. Ranch Capital Advisors Inc.’s holdings in Alibaba Group were worth $495,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Sanders Capital LLC boosted its holdings in shares of Alibaba Group by 0.3% in the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after acquiring an additional 60,667 shares during the period. Hhlr Advisors LTD. boosted its holdings in shares of Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after acquiring an additional 3,448,152 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Alibaba Group by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock worth $431,906,000 after acquiring an additional 78,757 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after acquiring an additional 3,740,150 shares during the period. Finally, FMR LLC boosted its holdings in shares of Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after acquiring an additional 2,959,954 shares during the period. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BABA has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $144.07.

Alibaba Group Stock Performance

NYSE:BABA opened at $140.59 on Monday. The stock has a market cap of $334.04 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The firm’s fifty day simple moving average is $105.46 and its 200 day simple moving average is $96.90. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $145.36. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last released its quarterly 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 company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current 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.