Avior Wealth Management LLC Has $380,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Avior Wealth Management LLC lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,907 shares of the specialty retailer’s stock after selling 805 shares during the period. Avior Wealth Management LLC’s holdings in Alibaba Group were worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Morgan Stanley raised its holdings in Alibaba Group by 13.8% during the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after buying an additional 1,406,491 shares during the last quarter. Sanders Capital LLC raised its holdings in Alibaba Group by 322.7% during the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after buying an additional 11,473,618 shares during the last quarter. Cerity Partners LLC raised its holdings in Alibaba Group by 299.9% during the fourth quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock worth $6,428,000 after buying an additional 62,163 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in Alibaba Group by 27.1% during the third quarter. Fiduciary Alliance LLC now owns 14,275 shares of the specialty retailer’s stock worth $1,238,000 after buying an additional 3,040 shares during the last quarter. Finally, Certuity LLC raised its holdings in Alibaba Group by 122.2% during the third quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock worth $9,863,000 after buying an additional 62,543 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the topic of several research reports. Mizuho restated a “buy” rating and set a $95.00 price objective on shares of Alibaba Group in a report on Wednesday, March 27th. Morgan Stanley restated an “equal weight” rating and set a $85.00 price objective on shares of Alibaba Group in a report on Tuesday, April 9th. The Goldman Sachs Group lowered their target price on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Barclays lowered their target price on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Finally, Citigroup lowered their target price on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Price Performance

BABA opened at $68.88 on Friday. The firm has a market cap of $174.78 billion, a P/E ratio of 12.71 and a beta of 0.46. The firm has a 50-day moving average of $73.20 and a 200 day moving average of $76.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. Alibaba Group’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.44 EPS. On average, research analysts expect that Alibaba Group Holding Limited will post 7.76 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.