Bank Julius Baer & Co. Ltd Zurich Lowers Position in Alibaba Group Holding Limited (NYSE:BABA)

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,300 shares of the specialty retailer’s stock after selling 300 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Alibaba Group were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Princeton Global Asset Management LLC purchased a new position in Alibaba Group during the 3rd quarter valued at about $26,000. GPS Wealth Strategies Group LLC boosted its holdings in Alibaba Group by 116.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 175 shares during the period. Baystate Wealth Management LLC boosted its holdings in Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 216 shares during the period. First Command Advisory Services Inc. acquired a new stake in Alibaba Group in the 3rd quarter valued at about $30,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Alibaba Group in the 3rd quarter valued at about $31,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

BABA stock opened at $75.55 on Friday. The business has a 50 day moving average price of $73.19 and a 200 day moving average price of $75.42. The stock has a market cap of $191.71 billion, a price-to-earnings ratio of 13.94 and a beta of 0.46. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. 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 (NYSE:BABA) last issued its quarterly earnings data 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 firm had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. During the same quarter in the prior year, the firm posted $2.44 EPS. Alibaba Group’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BABA shares. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Wednesday, April 10th. Citigroup decreased 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. Susquehanna decreased their price objective on Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, February 8th. Barclays decreased their price objective on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a research note on Friday, January 12th. Finally, Mizuho reiterated a “buy” rating and issued a $95.00 price objective on shares of Alibaba Group in a research note 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.91.

About Alibaba Group

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.