Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 41.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 500 shares of the specialty retailer’s stock after selling 350 shares during the period. Laurel Wealth Advisors LLC’s holdings in Alibaba Group were worth $39,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. DAVENPORT & Co LLC lifted its stake in shares of Alibaba Group by 16.9% in the third quarter. DAVENPORT & Co LLC now owns 6,550 shares of the specialty retailer’s stock worth $568,000 after acquiring an additional 945 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Alibaba Group by 12.8% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,086 shares of the specialty retailer’s stock worth $354,000 after buying an additional 465 shares in the last quarter. Clarius Group LLC bought a new stake in shares of Alibaba Group in the third quarter worth $200,000. Avestar Capital LLC raised its holdings in Alibaba Group by 9.6% in the third quarter. Avestar Capital LLC now owns 4,583 shares of the specialty retailer’s stock valued at $398,000 after acquiring an additional 400 shares in the last quarter. Finally, PDS Planning Inc boosted its stake in Alibaba Group by 17.1% during the 3rd quarter. PDS Planning Inc now owns 6,351 shares of the specialty retailer’s stock valued at $551,000 after acquiring an additional 927 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BABA shares. Robert W. Baird dropped their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Wednesday, April 10th. Citigroup reduced their target price on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Susquehanna dropped their price target on Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. Finally, StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Stock Performance

NYSE BABA traded up $0.85 on Monday, hitting $76.40. The stock had a trading volume of 13,185,991 shares, compared to its average volume of 17,925,299. The company’s 50-day moving average is $73.24 and its two-hundred day moving average is $75.27. The stock has a market cap of $193.87 billion, a price-to-earnings ratio of 14.10 and a beta of 0.46. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. During the same period last year, the company earned $2.44 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts expect that Alibaba Group Holding Limited will post 7.54 earnings per share for the current year.

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.