Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by FIL Ltd

FIL Ltd lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,828,184 shares of the specialty retailer’s stock after selling 1,195,016 shares during the period. Alibaba Group makes up approximately 1.0% of FIL Ltd’s portfolio, making the stock its 16th biggest holding. FIL Ltd’s holdings in Alibaba Group were worth $1,087,702,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in Alibaba Group by 92.7% in the fourth quarter. Bank of Montreal Can now owns 1,147,636 shares of the specialty retailer’s stock valued at $97,308,000 after buying an additional 552,010 shares in the last quarter. Sierra Summit Advisors LLC acquired a new stake in shares of Alibaba Group in the 4th quarter worth approximately $6,482,000. Gemsstock Ltd. increased its stake in Alibaba Group by 12.7% in the 4th quarter. Gemsstock Ltd. now owns 177,900 shares of the specialty retailer’s stock valued at $15,084,000 after purchasing an additional 20,100 shares in the last quarter. Federated Hermes Inc. raised its holdings in Alibaba Group by 54.9% during the fourth quarter. Federated Hermes Inc. now owns 124,978 shares of the specialty retailer’s stock worth $10,597,000 after purchasing an additional 44,278 shares during the last quarter. Finally, Titleist Asset Management LLC boosted its position in Alibaba Group by 877.1% during the fourth quarter. Titleist Asset Management LLC now owns 21,105 shares of the specialty retailer’s stock worth $1,789,000 after purchasing an additional 18,945 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 9.1 %

NYSE BABA opened at $105.92 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43. The company’s 50 day moving average price is $126.09 and its 200 day moving average price is $104.36. The firm has a market capitalization of $251.58 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on BABA. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $180.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Finally, Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price objective 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $148.14.

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.