Schechter Investment Advisors LLC Sells 4,200 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Schechter Investment Advisors LLC lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,804 shares of the specialty retailer’s stock after selling 4,200 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Alibaba Group were worth $1,147,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC bought a new stake in shares of Alibaba Group in the third quarter worth $26,000. Brown Shipley& Co Ltd grew its stake in shares of Alibaba Group by 3.2% in the second quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 202 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Alibaba Group in the third quarter worth $27,000. GPS Wealth Strategies Group LLC grew its stake in shares of Alibaba Group by 116.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 175 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the third quarter worth $30,000. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BABA. Morgan Stanley reissued an “equal weight” rating and issued a $90.00 price objective (down previously from $110.00) on shares of Alibaba Group in a research note on Friday, December 1st. JPMorgan Chase & Co. dropped their target price on shares of Alibaba Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Susquehanna dropped their target price on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday, February 8th. Benchmark dropped their target price on shares of Alibaba Group from $150.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. Finally, Robert W. Baird dropped their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $115.44.

Alibaba Group Trading Up 0.2 %

Shares of BABA stock opened at $71.60 on Thursday. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $105.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The company has a 50-day simple moving average of $73.39 and a two-hundred day simple moving average of $77.64. The company has a market capitalization of $181.69 billion, a price-to-earnings ratio of 13.21 and a beta of 0.47.

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 firm had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. During the same period in the previous year, the company posted $2.44 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts anticipate that Alibaba Group Holding Limited will post 7.97 EPS for the current fiscal year.

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.