Atria Wealth Solutions Inc. Sells 3,820 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Atria Wealth Solutions Inc. lessened its stake in Alibaba Group Holding Limited (NYSE:BABA) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,939 shares of the specialty retailer’s stock after selling 3,820 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Alibaba Group were worth $1,469,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BABA. Princeton Global Asset Management LLC bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $26,000. Baystate Wealth Management LLC raised its holdings in shares of Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the period. GPS Wealth Strategies Group LLC raised its holdings in shares of Alibaba Group by 116.7% in the 3rd 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 period. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $30,000. Finally, Milestone Investment Advisors LLC bought a new stake in Alibaba Group during the 3rd quarter valued at $31,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 2.0 %

Shares of NYSE:BABA opened at $74.86 on Wednesday. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $102.50. The firm has a fifty day moving average of $73.28 and a 200 day moving average of $75.21. The firm has a market capitalization of $189.94 billion, a PE ratio of 13.81 and a beta of 0.47. 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 earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $260.26 billion. During the same quarter last year, the firm posted $2.44 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BABA shares. Susquehanna lowered 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. JPMorgan Chase & Co. lowered their target price 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. Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Mizuho reissued a “buy” rating and set a $95.00 target price on shares of Alibaba Group in a report on Wednesday, March 27th. Finally, StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.91.

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.