Vestmark Advisory Solutions Inc. Sells 372 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Vestmark Advisory Solutions Inc. reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 10.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,261 shares of the specialty retailer’s stock after selling 372 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Alibaba Group were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after buying an additional 108 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after buying an additional 101 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth $55,000. Atria Investments Inc lifted its position in shares of Alibaba Group by 1.2% during the 4th quarter. Atria Investments Inc now owns 35,191 shares of the specialty retailer’s stock worth $2,984,000 after buying an additional 414 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Alibaba Group by 3,405.5% during the 4th quarter. Assetmark Inc. now owns 13,917 shares of the specialty retailer’s stock worth $1,180,000 after buying an additional 13,520 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Benchmark increased their target price on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their target price on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Robert W. Baird increased their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $144.07.

Alibaba Group Trading Up 0.5 %

NYSE BABA opened at $140.59 on Monday. The business has a 50 day simple moving average of $105.46 and a 200 day simple moving average of $96.90. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.36. The stock has a market capitalization of $334.04 billion, a P/E ratio of 20.32, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Research analysts expect that Alibaba Group Holding Limited will post 7.86 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.