Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Sterling Investment Management LLC

Sterling Investment Management LLC lowered its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,138 shares of the specialty retailer’s stock after selling 237 shares during the period. Alibaba Group accounts for 1.7% of Sterling Investment Management LLC’s investment portfolio, making the stock its 20th largest holding. Sterling Investment Management LLC’s holdings in Alibaba Group were worth $2,216,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Simon Quick Advisors LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at about $223,000. Beaumont Financial Advisors LLC acquired a new stake in Alibaba Group in the fourth quarter valued at about $8,976,000. Atomi Financial Group Inc. boosted its stake in shares of Alibaba Group by 12.2% in the fourth quarter. Atomi Financial Group Inc. now owns 22,489 shares of the specialty retailer’s stock valued at $1,907,000 after buying an additional 2,443 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Alibaba Group by 3.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 128,015 shares of the specialty retailer’s stock worth $10,855,000 after acquiring an additional 4,264 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Alibaba Group by 5.9% during the 4th quarter. Ballentine Partners LLC now owns 13,892 shares of the specialty retailer’s stock worth $1,178,000 after purchasing an additional 779 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

NYSE:BABA opened at $85.42 on Wednesday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The firm has a market capitalization of $203.45 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 0.45 and a beta of 0.30. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $85.85 and its 200 day simple moving average is $87.93.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 earnings per share. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on BABA shares. Citigroup upped their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Bank of America upped their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.13.

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.