Wellington Shields Capital Management LLC Sells 480 Shares of Alibaba Group Holding Ltd (BABA)

Wellington Shields Capital Management LLC lessened its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,775 shares of the specialty retailer’s stock after selling 480 shares during the period. Wellington Shields Capital Management LLC’s holdings in Alibaba Group were worth $3,582,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Osborn Williams & Donohoe LLC increased its stake in Alibaba Group by 5.3% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 5,520 shares of the specialty retailer’s stock worth $952,000 after purchasing an additional 280 shares during the period. Keybank National Association OH increased its stake in Alibaba Group by 2.5% in the third quarter. Keybank National Association OH now owns 11,692 shares of the specialty retailer’s stock worth $2,019,000 after purchasing an additional 284 shares during the period. North Star Asset Management Inc. increased its stake in Alibaba Group by 1.3% in the fourth quarter. North Star Asset Management Inc. now owns 22,393 shares of the specialty retailer’s stock worth $3,861,000 after purchasing an additional 284 shares during the period. Sii Investments Inc. WI increased its stake in Alibaba Group by 1.3% in the third quarter. Sii Investments Inc. WI now owns 21,950 shares of the specialty retailer’s stock worth $3,820,000 after purchasing an additional 288 shares during the period. Finally, Westside Investment Management Inc. increased its stake in Alibaba Group by 5.7% in the third quarter. Westside Investment Management Inc. now owns 5,393 shares of the specialty retailer’s stock worth $982,000 after purchasing an additional 289 shares during the period. Institutional investors own 37.96% of the company’s stock.

BABA has been the topic of a number of recent analyst reports. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 target price on the stock in a research note on Monday, October 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $185.00 target price on shares of Alibaba Group in a research note on Monday, October 16th. Macquarie reiterated a “buy” rating and issued a $245.00 target price on shares of Alibaba Group in a research note on Monday, October 16th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and issued a $200.00 target price on shares of Alibaba Group in a research note on Monday, October 16th. Finally, Zacks Investment Research lowered Alibaba Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and a consensus price target of $211.40.

Shares of Alibaba Group Holding Ltd (NYSE:BABA) opened at $176.67 on Friday. Alibaba Group Holding Ltd has a 12-month low of $100.11 and a 12-month high of $206.20. The firm has a market capitalization of $460,220.00, a PE ratio of 43.20, a P/E/G ratio of 1.41 and a beta of 2.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The company had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the business earned $1.30 EPS. equities analysts expect that Alibaba Group Holding Ltd will post 4.05 EPS for the current year.

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About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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