Alibaba Group Holding Limited (NYSE:BABA) is TT International Asset Management LTD’s 9th Largest Position

TT International Asset Management LTD lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 276,562 shares of the specialty retailer’s stock after selling 90,309 shares during the period. Alibaba Group accounts for 3.4% of TT International Asset Management LTD’s holdings, making the stock its 9th biggest position. TT International Asset Management LTD’s holdings in Alibaba Group were worth $23,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC increased its holdings in Alibaba Group by 382.4% in the second quarter. Acadian Asset Management LLC now owns 20,865 shares of the specialty retailer’s stock valued at $1,502,000 after buying an additional 16,540 shares in the last quarter. Choreo LLC grew its position in shares of Alibaba Group by 48.1% in the second quarter. Choreo LLC now owns 5,789 shares of the specialty retailer’s stock valued at $418,000 after purchasing an additional 1,880 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Alibaba Group by 3.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 65,439 shares of the specialty retailer’s stock valued at $4,712,000 after purchasing an additional 2,309 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of Alibaba Group by 25.2% in the second quarter. Thoroughbred Financial Services LLC now owns 3,696 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 744 shares during the period. Finally, Wealthspire Advisors LLC grew its position in shares of Alibaba Group by 6.1% in the second quarter. Wealthspire Advisors LLC now owns 2,971 shares of the specialty retailer’s stock valued at $214,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BABA. Robert W. Baird lifted their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Benchmark reiterated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Mizuho boosted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Finally, Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a research note on Monday, October 7th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Stock Performance

Shares of BABA opened at $80.49 on Monday. The company has a 50-day simple moving average of $87.59 and a 200-day simple moving average of $87.54. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $191.80 billion, a PE ratio of 16.33, a P/E/G ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82.

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