Bogart Wealth LLC Lowers Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Bogart Wealth LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 32.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 848 shares of the specialty retailer’s stock after selling 408 shares during the period. Bogart Wealth LLC’s holdings in Alibaba Group were worth $66,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Savant Capital LLC lifted its holdings in Alibaba Group by 2.7% in the 3rd quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer’s stock worth $413,000 after purchasing an additional 127 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in Alibaba Group by 2.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock valued at $584,000 after acquiring an additional 136 shares during the last quarter. Clearstead Advisors LLC lifted its stake in Alibaba Group by 32.9% in the 3rd quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 142 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Alibaba Group by 2.5% during the 4th quarter. Hexagon Capital Partners LLC now owns 6,664 shares of the specialty retailer’s stock valued at $517,000 after purchasing an additional 164 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its position in shares of Alibaba Group by 3.2% during the third quarter. 180 Wealth Advisors LLC now owns 5,458 shares of the specialty retailer’s stock valued at $473,000 after purchasing an additional 168 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 1.3 %

NYSE BABA traded up $1.04 during trading on Thursday, reaching $79.50. 3,595,045 shares of the company’s stock traded hands, compared to its average volume of 17,669,715. The company’s 50 day simple moving average is $73.60 and its two-hundred day simple moving average is $75.11. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The firm has a market cap of $201.73 billion, a price-to-earnings ratio of 14.48 and a beta of 0.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80.

Alibaba Group (NYSE:BABA) last posted its earnings results 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 return on equity of 12.65% and a net margin of 10.75%. The company had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. During the same quarter in the prior year, the company earned $2.44 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 9th. Robert W. Baird lowered their price objective 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. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Barclays lowered their price target on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Finally, Macquarie downgraded Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.49.

Alibaba Group 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.