Tower Research Capital LLC TRC Sells 30,190 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Tower Research Capital LLC TRC lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 92.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,534 shares of the specialty retailer's stock after selling 30,190 shares during the period. Tower Research Capital LLC TRC's holdings in Alibaba Group were worth $215,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. World Investment Advisors LLC lifted its holdings in shares of Alibaba Group by 17.0% in the third quarter. World Investment Advisors LLC now owns 10,252 shares of the specialty retailer's stock worth $1,088,000 after acquiring an additional 1,486 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Alibaba Group in the 3rd quarter valued at $89,000. Synovus Financial Corp boosted its holdings in shares of Alibaba Group by 9.5% during the 3rd quarter. Synovus Financial Corp now owns 5,533 shares of the specialty retailer's stock valued at $587,000 after acquiring an additional 481 shares in the last quarter. CWA Asset Management Group LLC grew its position in Alibaba Group by 20.9% during the 4th quarter. CWA Asset Management Group LLC now owns 35,584 shares of the specialty retailer's stock worth $3,017,000 after acquiring an additional 6,153 shares during the last quarter. Finally, APEIRON CAPITAL Ltd acquired a new position in Alibaba Group in the 4th quarter worth about $1,475,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Mizuho upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, April 18th. Arete Research raised Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Citigroup decreased their price target on 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 research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Alibaba Group presently has an average rating of "Buy" and a consensus price target of $150.36.

Alibaba Group Stock Up 0.9 %

Shares of Alibaba Group stock traded up $1.18 during trading hours on Tuesday, reaching $127.75. The company's stock had a trading volume of 17,391,271 shares, compared to its average volume of 20,544,617. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock's fifty day simple moving average is $124.91 and its two-hundred day simple moving average is $105.53. The company has a market capitalization of $305.04 billion, a P/E ratio of 18.46, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a one year low of $71.80 and a one year high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $38.38 billion for 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%. On average, research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Alibaba Group Company 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.