AIA Group Ltd Lowers Position in Alibaba Group Holding Limited (NYSE:BABA)

AIA Group Ltd lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 77.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,576 shares of the specialty retailer’s stock after selling 70,382 shares during the quarter. AIA Group Ltd’s holdings in Alibaba Group were worth $1,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BABA. Princeton Global Asset Management LLC purchased a new position in Alibaba Group during the third quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in Alibaba Group during the third quarter valued at $27,000. GPS Wealth Strategies Group LLC raised its stake in Alibaba Group by 116.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 175 shares during the last quarter. Baystate Wealth Management LLC raised its stake in Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 216 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Alibaba Group during the third quarter valued at $30,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup lowered their price objective on Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reduced their target price on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Barclays reduced their target price on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Benchmark reissued a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Wednesday, April 10th. Finally, Mizuho reissued a “buy” rating and issued a $95.00 target price on shares of Alibaba Group in a report on Wednesday, March 27th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.91.

Alibaba Group Stock Performance

NYSE:BABA opened at $68.90 on Friday. The stock has a 50-day simple moving average of $73.20 and a two-hundred day simple moving average of $76.00. 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 $174.83 billion, a PE ratio of 12.71 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. During the same quarter in the previous year, the firm earned $2.44 earnings per share. Alibaba Group’s revenue was up 5.1% on a year-over-year basis. Analysts forecast that Alibaba Group Holding Limited will post 7.65 EPS 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.