Daiwa Securities Group Inc. Sells 52,158 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Daiwa Securities Group Inc. decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 93.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,467 shares of the specialty retailer’s stock after selling 52,158 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Alibaba Group were worth $268,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Savant Capital LLC lifted its position in Alibaba Group by 2.7% in the 3rd quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer’s stock valued at $413,000 after acquiring an additional 127 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Alibaba Group by 2.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock worth $584,000 after buying an additional 136 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Alibaba Group by 32.9% during the 3rd quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock worth $50,000 after buying an additional 142 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Alibaba Group by 3.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 5,458 shares of the specialty retailer’s stock worth $473,000 after buying an additional 168 shares in the last quarter. Finally, Independent Wealth Network Inc. lifted its position in shares of Alibaba Group by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 3,477 shares of the specialty retailer’s stock worth $270,000 after buying an additional 169 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Alibaba Group stock opened at $75.55 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $191.70 billion, a PE ratio of 13.94 and a beta of 0.46. The firm has a fifty day simple moving average of $73.19 and a two-hundred day simple moving average of $75.50. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month 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 business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.44 earnings per share. Research analysts expect that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on BABA shares. Mizuho reissued a “buy” rating and set a $95.00 target price on shares of Alibaba Group in a research report on Wednesday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Susquehanna decreased their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, February 8th. Macquarie lowered shares of Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group decreased their price target on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group 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.