Miracle Mile Advisors LLC Sells 2,088 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Miracle Mile Advisors LLC decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,682 shares of the specialty retailer’s stock after selling 2,088 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Alibaba Group were worth $821,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BABA. Sivia Capital Partners LLC grew its stake in shares of Alibaba Group by 3.6% during the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after acquiring an additional 134 shares during the period. Cooper Financial Group boosted its position in shares of Alibaba Group by 5.3% in the fourth quarter. Cooper Financial Group now owns 10,915 shares of the specialty retailer’s stock worth $925,000 after purchasing an additional 553 shares during the period. Wedmont Private Capital increased its stake in shares of Alibaba Group by 7.4% in the fourth quarter. Wedmont Private Capital now owns 2,974 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 204 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at $55,000. Finally, Fiduciary Alliance LLC lifted its stake in shares of Alibaba Group by 11.9% during the 4th quarter. Fiduciary Alliance LLC now owns 99,713 shares of the specialty retailer’s stock valued at $8,455,000 after buying an additional 10,596 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

NYSE:BABA opened at $82.40 on Thursday. The firm has a market capitalization of $196.36 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50 day simple moving average of $86.88 and a 200-day simple moving average of $87.66. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the company earned $1.82 earnings per share. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. Equities analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Monday, October 7th. Barclays dropped their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Citigroup raised their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Company 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.