Alibaba Group Holding Limited (NYSE:BABA) Position Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 48.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 602,781 shares of the specialty retailer’s stock after selling 571,272 shares during the period. Russell Investments Group Ltd.’s holdings in Alibaba Group were worth $51,110,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BABA. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth approximately $32,000. Vision Financial Markets LLC bought a new stake in shares of Alibaba Group in the 4th quarter worth approximately $55,000. Kieckhefer Group LLC acquired a new position in Alibaba Group during the 4th quarter valued at approximately $55,000. Finally, Golden State Wealth Management LLC bought a new position in Alibaba Group during the 4th quarter worth $60,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BABA has been the subject of several analyst reports. Benchmark boosted their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 21st. Barclays upped their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Citigroup boosted their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $148.14.

Alibaba Group Price Performance

BABA stock opened at $116.56 on Monday. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43. The firm has a 50-day moving average of $125.77 and a two-hundred day moving average of $104.24. The firm has a market capitalization of $276.85 billion, a PE ratio of 16.84, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data 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 return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

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.