Gamble Jones Investment Counsel trimmed its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 23.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,108 shares of the specialty retailer’s stock after selling 15,890 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Alibaba Group were worth $7,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Palo Capital Inc. bought a new stake in Alibaba Group during the 3rd quarter worth approximately $171,000. Kistler Tiffany Companies LLC increased its holdings in Alibaba Group by 10.9% during the 4th quarter. Kistler Tiffany Companies LLC now owns 5,480 shares of the specialty retailer’s stock worth $751,000 after purchasing an additional 538 shares in the last quarter. Crestline Management LP bought a new stake in Alibaba Group during the 3rd quarter worth approximately $2,142,000. CWM LLC increased its holdings in Alibaba Group by 37.9% during the 3rd quarter. CWM LLC now owns 23,426 shares of the specialty retailer’s stock worth $3,860,000 after purchasing an additional 6,441 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in Alibaba Group by 14.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,879 shares of the specialty retailer’s stock worth $1,298,000 after purchasing an additional 1,014 shares in the last quarter. 38.77% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on BABA shares. KeyCorp set a $200.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, January 23rd. JPMorgan Chase & Co. reduced their target price on Alibaba Group to $190.00 and set an “overweight” rating for the company in a report on Monday, November 5th. Macquarie reduced their target price on Alibaba Group from $250.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, October 23rd. SunTrust Banks reduced their target price on Alibaba Group from $195.00 to $180.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Finally, ValuEngine raised Alibaba Group from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $211.09.

NYSE BABA opened at $167.36 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. Alibaba Group Holding Ltd has a 1 year low of $129.77 and a 1 year high of $211.70. The stock has a market capitalization of $428.63 billion, a P/E ratio of 41.53, a price-to-earnings-growth ratio of 1.63 and a beta of 2.31.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $118.52 billion. During the same period last year, the business earned $1.63 earnings per share. The business’s revenue was up 41.3% on a year-over-year basis. As a group, analysts anticipate that Alibaba Group Holding Ltd will post 3.65 EPS for the current fiscal year.

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

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