Edmond DE Rothschild Holding S.A. Sells 113,289 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Edmond DE Rothschild Holding S.A. reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 727,322 shares of the specialty retailer’s stock after selling 113,289 shares during the quarter. Alibaba Group makes up about 1.1% of Edmond DE Rothschild Holding S.A.’s investment portfolio, making the stock its 21st largest holding. Edmond DE Rothschild Holding S.A.’s holdings in Alibaba Group were worth $61,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Appaloosa LP increased its stake in Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. Norges Bank bought a new position in shares of Alibaba Group in the fourth quarter worth about $585,479,000. Fisher Asset Management LLC grew its position in shares of Alibaba Group by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock worth $431,906,000 after purchasing an additional 78,757 shares in the last quarter. FMR LLC raised its stake in Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after purchasing an additional 2,959,954 shares during the period. Finally, North of South Capital LLP lifted its holdings in Alibaba Group by 17.9% in the 4th quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer’s stock worth $167,525,000 after purchasing an additional 300,432 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BABA has been the topic of several recent analyst reports. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Mizuho boosted their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday. Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Robert W. Baird boosted their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their price target on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $148.14.

Alibaba Group Price Performance

Alibaba Group stock opened at $132.49 on Monday. 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 Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43. The firm has a market capitalization of $314.80 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The firm has a 50-day moving average price of $121.60 and a 200-day moving average price of $102.70.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) 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 analysts’ expectations of $38.19 billion. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 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.