Alibaba Group Holding Limited (NYSE:BABA) Holdings Cut by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,923 shares of the specialty retailer’s stock after selling 922 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Alibaba Group were worth $163,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group in the fourth quarter worth $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the 4th quarter worth about $32,000. Assetmark Inc. lifted its position in 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 last quarter. Vision Financial Markets LLC acquired a new position in Alibaba Group during the 4th quarter valued at about $55,000. Finally, Kieckhefer Group LLC bought a new position in Alibaba Group in the 4th quarter worth about $55,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 4.6 %

Shares of Alibaba Group stock opened at $147.56 on Tuesday. 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 Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43. The firm has a market capitalization of $350.60 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The stock’s fifty day moving average is $111.98 and its 200-day moving average is $99.32.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

BABA has been the subject of a number of recent analyst reports. Barclays increased their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Benchmark raised their price target on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alibaba Group presently has an average rating of “Buy” and a consensus target price of $144.07.

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.