Cumberland Advisors Inc. Trims Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Cumberland Advisors Inc. lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 9.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,625 shares of the specialty retailer’s stock after selling 1,050 shares during the period. Cumberland Advisors Inc.’s holdings in Alibaba Group were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BABA. Strategic Investment Solutions Inc. IL purchased a new position in shares of Alibaba Group during the second quarter worth $27,000. Concord Wealth Partners boosted its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Highline Wealth Partners LLC acquired a new position in Alibaba Group in the 3rd quarter valued at about $36,000. Asset Dedication LLC increased its stake in Alibaba Group by 315.0% during the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 400 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alibaba Group during the second quarter worth about $38,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA traded down $0.74 during mid-day trading on Wednesday, reaching $83.74. 9,461,009 shares of the company’s stock were exchanged, compared to its average volume of 11,397,282. The business’s fifty day simple moving average is $88.51 and its 200-day simple moving average is $87.36. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The stock has a market capitalization of $199.55 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho upped their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Barclays cut their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Bank of America lifted their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Finally, Robert W. Baird boosted their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.07.

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.