Alibaba Group Holding Ltd (BABA) Position Reduced by Welch & Forbes LLC

Welch & Forbes LLC decreased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,641 shares of the specialty retailer’s stock after selling 3,680 shares during the period. Welch & Forbes LLC’s holdings in Alibaba Group were worth $1,595,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norway Savings Bank raised its holdings in Alibaba Group by 640.0% during the fourth quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Baystate Wealth Management LLC bought a new stake in Alibaba Group during the fourth quarter worth approximately $31,000. BerganKDV Wealth Management LLC bought a new stake in Alibaba Group during the fourth quarter worth approximately $34,000. Trust Co. of Vermont raised its holdings in Alibaba Group by 58.9% during the fourth quarter. Trust Co. of Vermont now owns 259 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 96 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. bought a new stake in Alibaba Group during the fourth quarter worth approximately $38,000. 38.77% of the stock is currently owned by hedge funds and other institutional investors.

NYSE BABA traded up $1.21 on Wednesday, hitting $169.92. 3,867,381 shares of the stock were exchanged, compared to its average volume of 15,163,245. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $211.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $432.09 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 1.63 and a beta of 2.31.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, topping the consensus estimate of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The firm had revenue of $117.28 billion for the quarter, compared to analysts’ expectations of $118.52 billion. During the same period in the previous year, the company posted $1.63 EPS. The company’s quarterly revenue was up 41.3% compared to the same quarter last year. On average, research analysts forecast that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal year.

Several research firms have issued reports on BABA. Argus restated a “buy” rating on shares of Alibaba Group in a research report on Friday, February 1st. Oppenheimer lifted their price target on shares of Alibaba Group from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, January 31st. Barclays restated an “overweight” rating and issued a $200.00 price target (up previously from $195.00) on shares of Alibaba Group in a research report on Thursday, January 31st. KeyCorp restated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Finally, Macquarie restated an “outperform” rating and issued a $224.00 price target (up previously from $220.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $211.09.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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