Corient Private Wealth LLC Has $3.23 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Corient Private Wealth LLC lowered its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 38,050 shares of the specialty retailer’s stock after selling 572 shares during the period. Corient Private Wealth LLC’s holdings in Alibaba Group were worth $3,226,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Decker Retirement Planning Inc. acquired a new position in Alibaba Group in the 4th quarter worth about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the 4th quarter worth about $32,000. Vision Financial Markets LLC acquired a new position in Alibaba Group in the 4th quarter worth about $55,000. Kieckhefer Group LLC acquired a new position in Alibaba Group in the 4th quarter worth about $55,000. Finally, Golden State Wealth Management LLC acquired a new position in Alibaba Group in the 4th quarter worth about $60,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Bank of America increased their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Benchmark increased their price target on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $144.07.

Alibaba Group Stock Down 1.3 %

Shares of Alibaba Group stock opened at $135.16 on Friday. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock’s 50-day moving average is $116.49 and its 200 day moving average is $100.78. The firm has a market cap of $321.14 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 0.61 and a beta of 0.27.

Alibaba Group (NYSE:BABA) last announced its 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS 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.