International Assets Investment Management LLC Sells 1,684,992 Shares of Alibaba Group Holding Limited (NYSE:BABA)

International Assets Investment Management LLC lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 99.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,366 shares of the specialty retailer’s stock after selling 1,684,992 shares during the quarter. International Assets Investment Management LLC’s holdings in Alibaba Group were worth $1,050,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Generate Investment Management Ltd acquired a new position in shares of Alibaba Group in the 3rd quarter worth approximately $12,656,000. Nations Financial Group Inc. IA ADV boosted its stake in Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after purchasing an additional 11,192 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after purchasing an additional 50,000 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after buying an additional 266,361 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new position in shares of Alibaba Group in the third quarter valued at about $115,995,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Trading Down 0.9 %

Shares of NYSE BABA opened at $83.74 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company’s fifty day moving average is $87.93 and its 200-day moving average is $87.31. The stock has a market cap of $199.55 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BABA. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Robert W. Baird boosted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $114.07.

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.