Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Caprock Group LLC

Caprock Group LLC decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,601 shares of the specialty retailer’s stock after selling 1,663 shares during the quarter. Caprock Group LLC’s holdings in Alibaba Group were worth $3,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. EP Wealth Advisors LLC lifted its holdings in shares of Alibaba Group by 28.4% in the second quarter. EP Wealth Advisors LLC now owns 5,633 shares of the specialty retailer’s stock valued at $406,000 after purchasing an additional 1,247 shares in the last quarter. Truist Financial Corp raised its position in shares of Alibaba Group by 2.4% during the 2nd quarter. Truist Financial Corp now owns 281,504 shares of the specialty retailer’s stock worth $20,268,000 after purchasing an additional 6,671 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group in the 2nd quarter valued at approximately $27,000. Sanctuary Advisors LLC acquired a new stake in Alibaba Group during the 2nd quarter valued at $3,451,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Alibaba Group during the second quarter worth $38,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Alibaba Group stock opened at $98.65 on Friday. 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 12 month low of $68.36 and a 12 month high of $117.82. The company has a market cap of $234.66 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 0.41 and a beta of 0.30. The stock’s 50-day moving average is $86.27 and its 200-day moving average is $88.62.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter last year, the firm posted $1.82 earnings per share. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts anticipate 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 several recent research reports. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Mizuho upped their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird lifted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $115.13.

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.