Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Knuff & Co LLC

Knuff & Co LLC lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,164 shares of the specialty retailer’s stock after selling 1,330 shares during the period. Alibaba Group makes up 1.2% of Knuff & Co LLC’s investment portfolio, making the stock its 23rd largest position. Knuff & Co LLC’s holdings in Alibaba Group were worth $3,914,000 as of its most recent SEC filing.

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

Alibaba Group Stock Up 5.0 %

BABA stock opened at $139.21 on Wednesday. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.36. The company has a market cap of $330.76 billion, a P/E ratio of 20.12, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $107.51 and its 200 day moving average price is $97.63.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate 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 return on equity of 12.89% and a net margin of 12.29%. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of research reports. Barclays increased their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Benchmark upped their price objective 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, Robert W. Baird upped their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $144.07.

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.