Cohen Capital Management Inc. Has $514,000 Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Cohen Capital Management Inc. reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 29.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,065 shares of the specialty retailer’s stock after selling 2,480 shares during the quarter. Cohen Capital Management Inc.’s holdings in Alibaba Group were worth $514,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Concord Wealth Partners lifted its holdings in Alibaba Group by 155.0% during the 3rd 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. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the third quarter valued at about $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth about $32,000. Finally, Assetmark Inc. grew its stake in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

BABA stock opened at $143.67 on Friday. The company’s 50-day moving average price is $95.43 and its two-hundred day moving average price is $92.99. The firm has a market cap of $341.36 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.57 and a beta of 0.31. 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 Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. The firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. On average, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the subject of several research reports. Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Bank of America upped their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $131.93.

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.