PDS Planning Inc Sells 1,312 Shares of Alibaba Group Holding Limited (NYSE:BABA)

PDS Planning Inc lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,039 shares of the specialty retailer’s stock after selling 1,312 shares during the period. PDS Planning Inc’s holdings in Alibaba Group were worth $391,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in BABA. Princeton Global Asset Management LLC acquired a new stake in Alibaba Group in the third quarter valued at $26,000. Baystate Wealth Management LLC lifted its stake in shares of Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after buying an additional 216 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of Alibaba Group by 116.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after buying an additional 175 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $30,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA stock traded up $1.89 during mid-day trading on Tuesday, hitting $72.57. The stock had a trading volume of 9,097,199 shares, compared to its average volume of 18,043,271. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $102.50. The firm has a market capitalization of $184.15 billion, a P/E ratio of 13.35 and a beta of 0.47. The firm has a fifty day simple moving average of $73.09 and a 200 day simple moving average of $75.67.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. During the same quarter in the previous year, the business posted $2.44 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Wednesday, April 10th. The Goldman Sachs Group cut their target price on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Barclays lowered their price target on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Susquehanna lowered their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $112.91.

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.