WR Wealth Planners LLC Lowers Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

WR Wealth Planners LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 58.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,351 shares of the specialty retailer’s stock after selling 1,888 shares during the period. WR Wealth Planners LLC’s holdings in Alibaba Group were worth $115,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BABA. Decker Retirement Planning Inc. purchased a new position in Alibaba Group during the 4th quarter valued at about $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the 4th quarter valued at approximately $32,000. Assetmark Inc. boosted its position in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Alibaba Group in the 4th quarter worth approximately $55,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Alibaba Group in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BABA. Bank of America upped their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Benchmark increased their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Fifteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Stock Performance

Alibaba Group stock opened at $132.45 on Friday. The firm has a market capitalization of $314.70 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The company’s 50-day moving average is $100.36 and its 200 day moving average is $94.88. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $145.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 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 analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current 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.