Avaii Wealth Management LLC Sells 130 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Avaii Wealth Management LLC lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,364 shares of the specialty retailer’s stock after selling 130 shares during the quarter. Avaii Wealth Management LLC’s holdings in Alibaba Group were worth $569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BABA. EP Wealth Advisors LLC increased its stake in Alibaba Group by 16.4% during the 4th quarter. EP Wealth Advisors LLC now owns 5,314 shares of the specialty retailer’s stock valued at $412,000 after purchasing an additional 749 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Alibaba Group by 1.2% in the 4th quarter. Wellington Management Group LLP now owns 2,181,498 shares of the specialty retailer’s stock worth $169,088,000 after acquiring an additional 25,054 shares in the last quarter. SageView Advisory Group LLC grew its stake in shares of Alibaba Group by 135.3% in the 4th quarter. SageView Advisory Group LLC now owns 7,536 shares of the specialty retailer’s stock worth $545,000 after acquiring an additional 4,333 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Alibaba Group by 9.3% in the 1st quarter. NBC Securities Inc. now owns 6,501 shares of the specialty retailer’s stock worth $471,000 after acquiring an additional 553 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in shares of Alibaba Group by 8.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 45,814 shares of the specialty retailer’s stock worth $3,316,000 after acquiring an additional 3,616 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 2.4 %

Alibaba Group stock traded down $2.42 on Thursday, hitting $99.75. 9,031,608 shares of the stock traded hands, compared to its average volume of 17,884,975. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a market cap of $253.12 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35. The business’s fifty day simple moving average is $91.46 and its 200 day simple moving average is $81.84. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 earnings per share. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BABA. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Benchmark reiterated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, August 16th. Jefferies Financial Group reissued a “buy” rating and issued a $116.00 price target on shares of Alibaba Group in a report on Friday, July 26th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Monday, October 7th. Finally, Barclays boosted their price target on shares of Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.63.

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.