Venturi Wealth Management LLC Lowers Stake in Alibaba Group Holding Limited (NYSE:BABA)

Venturi Wealth Management LLC lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,979 shares of the specialty retailer’s stock after selling 173 shares during the period. Venturi Wealth Management LLC’s holdings in Alibaba Group were worth $168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BABA. Concord Wealth Partners lifted its holdings in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group during the 4th quarter valued at $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group during the 4th quarter valued at $32,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at $36,000. Finally, Assetmark Inc. lifted its holdings in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of BABA opened at $143.67 on Friday. The business’s 50-day moving average is $95.43 and its two-hundred day moving average is $92.88. The company has a market capitalization of $341.36 billion, a P/E ratio of 29.14, a P/E/G ratio of 0.53 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.30.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on BABA. Citigroup increased their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird upped their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $131.93.

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.