Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 20.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 276,607 shares of the specialty retailer's stock after selling 72,213 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Alibaba Group were worth $21,440,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Savant Capital LLC raised its holdings in Alibaba Group by 2.7% in the 3rd quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer's stock valued at $413,000 after acquiring an additional 127 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Alibaba Group by 2.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer's stock valued at $584,000 after purchasing an additional 136 shares during the period. Newbridge Financial Services Group Inc. grew its stake in shares of Alibaba Group by 4.6% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 3,170 shares of the specialty retailer's stock valued at $275,000 after purchasing an additional 140 shares during the period. Clearstead Advisors LLC grew its stake in shares of Alibaba Group by 32.9% in the 3rd quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer's stock valued at $50,000 after purchasing an additional 142 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Alibaba Group by 6.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,464 shares of the specialty retailer's stock valued at $214,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Up 1.1 %

Shares of NYSE BABA traded up $0.77 during mid-day trading on Friday, hitting $72.36. The company had a trading volume of 14,073,414 shares, compared to its average volume of 13,441,192. The company has a market capitalization of $183.61 billion, a PE ratio of 13.35 and a beta of 0.47. The firm has a 50-day simple moving average of $73.53 and a two-hundred day simple moving average of $77.57. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $105.05.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter in the previous year, the business earned $2.44 EPS. Alibaba Group's revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Alibaba Group Holding Limited will post 7.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BABA shares. Susquehanna decreased their price target on Alibaba Group from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, February 8th. Benchmark decreased their price target on Alibaba Group from $150.00 to $128.00 and set a "buy" rating on the stock in a research report on Tuesday, January 9th. Mizuho reiterated a "buy" rating and issued a $95.00 price objective on shares of Alibaba Group in a research report on Wednesday. Macquarie lowered Alibaba Group from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. Finally, StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.44.

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.