Wolff Wiese Magana LLC Sells 200 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Wolff Wiese Magana LLC lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 17.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 921 shares of the specialty retailer’s stock after selling 200 shares during the period. Wolff Wiese Magana LLC’s holdings in Alibaba Group were worth $78,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group in the 2nd quarter valued at approximately $27,000. Concord Wealth Partners raised its position in 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 purchasing an additional 155 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the 3rd quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alibaba Group in the 2nd quarter valued at about $38,000. Finally, Assetmark Inc. increased its stake in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on BABA. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Citigroup increased their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Finally, Robert W. Baird upped their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two research 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, the company has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Trading Up 0.9 %

Shares of BABA stock opened at $82.44 on Wednesday. The company has a market cap of $196.45 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 0.44 and a beta of 0.30. 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 1 year low of $66.63 and a 1 year high of $117.82. The firm has a fifty day moving average price of $86.88 and a 200-day moving average price of $87.66.

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. The business had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. As a group, equities analysts predict that Alibaba Group Holding Limited will post 8.44 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.