Venturi Wealth Management LLC Decreases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Venturi Wealth Management LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,979 shares of the specialty retailer’s stock after selling 173 shares during the quarter. Venturi Wealth Management LLC’s holdings in Alibaba Group were worth $168,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BABA. AMF Tjanstepension AB increased its stake in Alibaba Group by 6.9% during the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after acquiring an additional 178,999 shares during the last quarter. Private Advisor Group LLC increased its stake in Alibaba Group by 47.1% during the third quarter. Private Advisor Group LLC now owns 100,975 shares of the specialty retailer’s stock worth $10,715,000 after acquiring an additional 32,324 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Alibaba Group during the third quarter worth approximately $299,000. Brighton Jones LLC bought a new stake in Alibaba Group during the third quarter worth approximately $258,000. Finally, Zweig DiMenna Associates LLC increased its stake in Alibaba Group by 582.5% during the third quarter. Zweig DiMenna Associates LLC now owns 61,500 shares of the specialty retailer’s stock worth $6,526,000 after acquiring an additional 52,489 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Up 5.7 %

Shares of NYSE:BABA opened at $143.67 on Friday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.30. The stock has a market cap of $341.36 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. The business’s 50 day moving average is $95.43 and its 200 day moving average is $92.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Benchmark boosted their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird upped their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.93.

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.