Avior Wealth Management LLC Sells 805 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Avior Wealth Management LLC lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,907 shares of the specialty retailer’s stock after selling 805 shares during the period. Avior Wealth Management LLC’s holdings in Alibaba Group were worth $380,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Morgan Stanley increased its stake in Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after purchasing an additional 1,406,491 shares in the last quarter. Sanders Capital LLC increased its stake in Alibaba Group by 322.7% in the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after purchasing an additional 11,473,618 shares in the last quarter. Cerity Partners LLC increased its position in shares of Alibaba Group by 299.9% during the fourth quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock worth $6,428,000 after acquiring an additional 62,163 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Alibaba Group by 27.1% during the third quarter. Fiduciary Alliance LLC now owns 14,275 shares of the specialty retailer’s stock worth $1,238,000 after acquiring an additional 3,040 shares during the period. Finally, Certuity LLC raised its holdings in shares of Alibaba Group by 122.2% during the third quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock worth $9,863,000 after acquiring an additional 62,543 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Citigroup dropped their price objective on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, April 10th. Macquarie lowered shares of Alibaba Group from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $88.50 to $85.40 in a report on Thursday, February 8th. JPMorgan Chase & Co. dropped their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Finally, The Goldman Sachs Group dropped their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.91.

Alibaba Group Stock Performance

Shares of BABA opened at $68.88 on Friday. The firm has a 50-day moving average of $73.20 and a 200-day moving average of $76.00. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The company has a market cap of $174.78 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 current ratio of 1.80 and a quick 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 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 the consensus estimate of $260.26 billion. During the same period last year, the business earned $2.44 EPS. The business’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.76 earnings per share for the current year.

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.