Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,453 shares of the specialty retailer’s stock after selling 180 shares during the period. Harbour Investments Inc.’s holdings in Alibaba Group were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Concord Wealth Partners lifted its holdings in shares of Alibaba Group by 155.0% in 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. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group in the second quarter valued at $27,000. Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group during the third quarter valued at $36,000. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group during the second quarter worth about $25,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 2.2 %

Alibaba Group stock opened at $88.59 on Friday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The firm’s 50 day moving average price is $98.18 and its two-hundred day moving average price is $85.56. The firm has a market cap of $212.12 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 0.41 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The company had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same period in the previous year, the firm earned $2.47 earnings per share. Alibaba Group’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts predict that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. StockNews.com lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.53.

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.