Evolution Wealth Advisors LLC Has $271,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Evolution Wealth Advisors LLC trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm 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 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BABA. Sanders Capital LLC lifted its stake in shares of Alibaba Group by 322.7% in the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after buying an additional 11,473,618 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Alibaba Group by 108,264.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,711,488 shares of the specialty retailer’s stock valued at $326,945,000 after buying an additional 3,708,063 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Alibaba Group by 461.2% in the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock valued at $365,686,000 after buying an additional 3,464,723 shares in the last quarter. Blue Pool Management Ltd. bought a new position in shares of Alibaba Group in the fourth quarter valued at $151,726,000. Finally, Morgan Stanley lifted its stake in shares of Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after buying an additional 1,406,491 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on BABA. Robert W. Baird dropped their price objective on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Benchmark restated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Wednesday, April 10th. JPMorgan Chase & Co. cut their price target on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. The Goldman Sachs Group cut their price target on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $88.50 to $85.40 in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Stock Performance

Shares of BABA stock traded up $0.19 during trading on Friday, reaching $69.07. 13,074,107 shares of the company’s stock traded hands, compared to its average volume of 18,207,531. The company has a market capitalization of $175.25 billion, a P/E ratio of 12.74 and a beta of 0.46. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average is $73.14 and its 200 day moving average is $75.88. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The business had revenue of $260.35 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $2.44 earnings per share. Equities research analysts expect that Alibaba Group Holding Limited will post 7.65 EPS for the current year.

Alibaba Group Profile

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.