Alibaba Group Holding Limited (NYSE:BABA) Position Lowered by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,849 shares of the specialty retailer’s stock after selling 150 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Alibaba Group were worth $242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Alibaba Group during the 2nd quarter valued at approximately $27,000. Concord Wealth Partners increased its stake in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the fourth quarter worth $31,000. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the 3rd quarter worth about $36,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alibaba Group in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BABA shares. Bank of America raised their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird raised their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, November 15th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Monday, October 7th. Finally, Citigroup increased their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Stock Up 0.4 %

Shares of BABA stock opened at $85.42 on Wednesday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The business’s fifty day moving average is $85.85 and its 200-day moving average is $87.93. The stock has a market cap of $203.45 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.45 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same period in the previous year, the company earned $1.82 earnings per share. Alibaba Group’s revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.