Fernwood Investment Management LLC Sells 1,065 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Fernwood Investment Management LLC cut its position in Alibaba Group Holding Limited (NYSE:BABA) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,193 shares of the specialty retailer’s stock after selling 1,065 shares during the quarter. Fernwood Investment Management LLC’s holdings in Alibaba Group were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Savant Capital LLC lifted its holdings in Alibaba Group by 2.7% during the 3rd quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer’s stock valued at $413,000 after purchasing an additional 127 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in Alibaba Group by 2.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock valued at $584,000 after purchasing an additional 136 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Alibaba Group by 32.9% during the 3rd quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 142 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in Alibaba Group by 3.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 5,458 shares of the specialty retailer’s stock valued at $473,000 after purchasing an additional 168 shares during the last quarter. Finally, Independent Wealth Network Inc. lifted its holdings in Alibaba Group by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 3,477 shares of the specialty retailer’s stock valued at $270,000 after purchasing an additional 169 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BABA. Barclays cut their price target on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. JPMorgan Chase & Co. reduced their target price on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Citigroup reduced their target price on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Finally, StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Trading Up 1.1 %

Shares of Alibaba Group stock traded up $0.85 on Monday, hitting $76.40. The stock had a trading volume of 13,185,991 shares, compared to its average volume of 17,925,299. The stock has a 50 day moving average of $73.19 and a 200 day moving average of $75.33. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market capitalization of $193.87 billion, a P/E ratio of 14.03 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.44 EPS. Sell-side analysts expect that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal 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.