Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Lessened by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 438,333 shares of the specialty retailer’s stock after selling 33,144 shares during the period. CIBC Private Wealth Group LLC’s holdings in Alibaba Group were worth $36,684,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Thrivent Financial for Lutherans acquired a new stake in Alibaba Group during the 3rd quarter worth about $321,000. The Manufacturers Life Insurance Company acquired a new position in shares of Alibaba Group in the third quarter worth about $287,000. FMR LLC increased its position 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 in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Alibaba Group during the third quarter valued at approximately $518,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Alibaba Group by 2.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,347 shares of the specialty retailer’s stock valued at $1,523,000 after acquiring an additional 390 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $132.49 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $314.80 billion, a P/E ratio of 19.15, a P/E/G ratio of 0.61 and a beta of 0.28. The business has a 50-day moving average of $121.60 and a two-hundred day moving average of $102.70. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43.

Alibaba Group (NYSE:BABA) last posted its 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, equities research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America boosted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Robert W. Baird increased their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Benchmark increased their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $148.14.

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.