Osborne Partners Capital Management LLC Sells 4,098 Shares of Alibaba Group Holding Limited $BABA

Osborne Partners Capital Management LLC lessened its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 107,814 shares of the specialty retailer’s stock after selling 4,098 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Alibaba Group were worth $15,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its position in shares of Alibaba Group by 26.4% during the third quarter. Bruce G. Allen Investments LLC now owns 302 shares of the specialty retailer’s stock worth $54,000 after buying an additional 63 shares during the period. Bluesphere Advisors LLC grew its holdings in Alibaba Group by 2.2% during the 3rd quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock worth $540,000 after acquiring an additional 64 shares during the period. Richardson Financial Services Inc. raised its position in shares of Alibaba Group by 34.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 65 shares in the last quarter. Transcend Capital Advisors LLC raised its position in shares of Alibaba Group by 1.0% in the 3rd quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock worth $1,191,000 after acquiring an additional 66 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its position in shares of Alibaba Group by 101.4% during the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of research analyst reports. Zacks Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 24th. Morgan Stanley cut their target price on shares of Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Freedom Capital lowered shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group cut their target price on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $187.68.

Alibaba Group Stock Down 0.7%

Shares of NYSE BABA opened at $140.09 on Tuesday. The firm has a market cap of $335.07 billion, a PE ratio of 26.43, a P/E/G ratio of 2.54 and a beta of 0.50. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. The company’s fifty day simple moving average is $137.09 and its 200 day simple moving average is $153.52. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share for the quarter. Alibaba Group had a net margin of 9.12% and a return on equity of 7.43%. The firm had revenue of $40.71 billion for the quarter. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 4.39 earnings per share for the current fiscal year.

Alibaba Group Company Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.