Foresters Investment Management Company Inc. lessened its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 80.8% during the 4th quarter, Holdings Channel reports. The fund owned 17,542 shares of the specialty retailer’s stock after selling 74,000 shares during the period. Foresters Investment Management Company Inc.’s holdings in Alibaba Group were worth $2,404,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Archford Capital Strategies LLC grew its position in shares of Alibaba Group by 80.4% during the 4th quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock worth $25,000 after buying an additional 82 shares in the last quarter. Norway Savings Bank grew its position in shares of Alibaba Group by 640.0% during the 4th quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock worth $25,000 after buying an additional 160 shares in the last quarter. Baystate Wealth Management LLC bought a new position in shares of Alibaba Group during the 4th quarter worth $31,000. BerganKDV Wealth Management LLC bought a new position in shares of Alibaba Group during the 4th quarter worth $34,000. Finally, Trust Co. of Vermont grew its position in shares of Alibaba Group by 58.9% during the 4th quarter. Trust Co. of Vermont now owns 259 shares of the specialty retailer’s stock worth $36,000 after buying an additional 96 shares in the last quarter. 39.79% of the stock is currently owned by institutional investors.

Alibaba Group stock opened at $180.97 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25. Alibaba Group Holding Ltd has a one year low of $129.77 and a one year high of $211.70. The stock has a market capitalization of $463.49 billion, a price-to-earnings ratio of 44.91, a price-to-earnings-growth ratio of 1.76 and a beta of 2.31.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $10.83. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The company had revenue of $117.28 billion during the quarter, compared to analysts’ expectations of $118.52 billion. During the same period last year, the business posted $1.63 earnings per share. The firm’s revenue was up 41.3% compared to the same quarter last year. As a group, equities analysts predict that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current year.

A number of equities analysts have recently issued reports on BABA shares. Jefferies Financial Group set a $195.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, November 26th. ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Mizuho restated a “buy” rating and set a $200.00 price objective on shares of Alibaba Group in a research note on Thursday, December 13th. Zacks Investment Research cut Alibaba Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, Macquarie set a $220.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, January 8th. One investment analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and a consensus price target of $211.07.

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Alibaba Group 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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