Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,915 shares of the specialty retailer’s stock after selling 140 shares during the quarter. DGS Capital Management LLC’s holdings in Alibaba Group were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of BABA. Concord Wealth Partners boosted its stake in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group during the second quarter worth $27,000. Highline Wealth Partners LLC acquired a new stake in Alibaba Group in the third quarter valued at $36,000. First Command Advisory Services Inc. acquired a new position in Alibaba Group during the second quarter worth about $25,000. Finally, Assetmark Inc. raised its stake in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Truist Financial cut their price target on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 16th. Loop Capital reissued a “buy” rating and set a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Susquehanna lowered their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Finally, Barclays reduced their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. 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 data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $87.82 on Friday. The business’s 50-day simple moving average is $94.82 and its 200 day simple moving average is $86.30. The company has a market cap of $209.87 billion, a P/E ratio of 17.81, a PEG ratio of 0.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

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.