Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 31.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,310 shares of the specialty retailer's stock after selling 4,364 shares during the period. IHT Wealth Management LLC's holdings in Alibaba Group were worth $789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the 4th quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth about $32,000. Strategic Investment Solutions Inc. IL increased its stake in shares of Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Redwood Park Advisors LLC acquired a new position in Alibaba Group in the 4th quarter worth about $52,000. Finally, Vision Financial Markets LLC purchased a new position in Alibaba Group during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Up 0.9 %

Shares of Alibaba Group stock traded up $1.08 on Tuesday, reaching $119.45. 4,195,586 shares of the company were exchanged, compared to its average volume of 28,739,119. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The stock's 50 day moving average price is $126.32 and its 200-day moving average price is $104.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $285.45 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BABA shares. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. 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 report on Wednesday, February 19th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Benchmark upped their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Citigroup dropped their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Fourteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $150.36.

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.