Prospect Financial Services LLC Sells 1,025 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Prospect Financial Services LLC decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,483 shares of the specialty retailer’s stock after selling 1,025 shares during the quarter. Prospect Financial Services LLC’s holdings in Alibaba Group were worth $889,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BABA. Concord Wealth Partners boosted its position 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 acquiring an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group during the second quarter valued at about $27,000. Highline Wealth Partners LLC purchased a new position in Alibaba Group in the third quarter valued at about $36,000. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the fourth quarter valued at about $31,000. Finally, Assetmark Inc. lifted its position in shares of Alibaba Group by 225.4% during the third 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. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.9 %

NYSE BABA opened at $89.98 on Tuesday. The company has a fifty day moving average of $85.54 and a 200 day moving average of $88.27. The company has a market capitalization of $214.32 billion, a PE ratio of 18.25, a P/E/G ratio of 0.37 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $117.82.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 EPS. Research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

BABA has been the topic of a number of analyst reports. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Monday, October 7th. Robert W. Baird upped their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays lowered their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Bank of America raised their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group 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.