Evolution Wealth Advisors LLC Sells 193 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Evolution Wealth Advisors LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,501 shares of the specialty retailer’s stock after selling 193 shares during the period. Evolution Wealth Advisors LLC’s holdings in Alibaba Group were worth $271,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BABA. Princeton Global Asset Management LLC bought a new position in shares of Alibaba Group in the third quarter valued at approximately $26,000. Baystate Wealth Management LLC increased its holdings in shares of Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 216 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Alibaba Group by 116.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group in the third quarter valued at approximately $30,000. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BABA. The Goldman Sachs Group lowered their price target 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. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 price target on shares of Alibaba Group in a report on Tuesday, April 9th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Robert W. Baird lowered their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. 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 investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.91.

Alibaba Group Trading Up 0.3 %

Shares of NYSE BABA traded up $0.19 during midday trading on Friday, reaching $69.07. 13,074,107 shares of the stock were exchanged, compared to its average volume of 18,207,531. The company has a market capitalization of $175.25 billion, a price-to-earnings ratio of 12.74 and a beta of 0.46. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50. The business has a 50-day simple moving average of $73.14 and a two-hundred day simple moving average of $75.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion during 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%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.44 earnings per share. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.65 EPS for the current year.

About Alibaba Group

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.