QV Investors Inc. Has $7.28 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

QV Investors Inc. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 39.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,817 shares of the specialty retailer’s stock after selling 56,980 shares during the quarter. QV Investors Inc.’s holdings in Alibaba Group were worth $7,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BABA. TRUE Private Wealth Advisors increased its holdings in Alibaba Group by 3.7% in the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares in the last quarter. ICA Group Wealth Management LLC lifted its holdings in shares of Alibaba Group by 14.6% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 128 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 139 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Alibaba Group by 3.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock worth $515,000 after purchasing an additional 143 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Barclays reduced their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Bank of America raised their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Stock Up 0.4 %

Shares of BABA traded up $0.32 during mid-day trading on Monday, reaching $80.85. The company had a trading volume of 5,337,495 shares, compared to its average volume of 11,110,678. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The company has a market capitalization of $192.66 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30. The firm has a 50-day moving average price of $87.59 and a 200 day moving average price of $87.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

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