Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by HC Advisors LLC

HC Advisors LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,079 shares of the specialty retailer’s stock after selling 1,032 shares during the quarter. Alibaba Group accounts for approximately 0.4% of HC Advisors LLC’s holdings, making the stock its 28th largest holding. HC Advisors LLC’s holdings in Alibaba Group were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Sanders Capital LLC raised its holdings in shares of Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after buying an additional 60,667 shares during the period. Hhlr Advisors LTD. raised its holdings in shares of Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after buying an additional 3,448,152 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Alibaba Group by 3,180.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after purchasing an additional 3,740,150 shares during the last quarter. FMR LLC increased its holdings in Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares during the last quarter. Finally, AMF Tjanstepension AB increased its holdings in Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after purchasing an additional 178,999 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on BABA. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Mizuho lifted their price objective on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird lifted their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alibaba Group has an average rating of “Buy” and an average target price of $144.07.

Alibaba Group Trading Down 1.8 %

NYSE:BABA opened at $136.63 on Friday. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.30. The firm has a market capitalization of $324.61 billion, a P/E ratio of 19.74, a P/E/G ratio of 0.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The business has a 50 day simple moving average of $99.35 and a 200 day simple moving average of $94.43.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Equities research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Alibaba Group 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.