Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,583 shares of the specialty retailer’s stock after selling 683 shares during the period. HighPoint Advisor Group LLC’s holdings in Alibaba Group were worth $3,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BABA. Norges Bank acquired a new stake in Alibaba Group during the 4th quarter valued at $585,479,000. Appaloosa LP lifted 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 acquiring an additional 1,843,158 shares in the last quarter. Aspex Management HK Ltd purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $115,995,000. WT Asset Management Ltd boosted its holdings in shares of Alibaba Group by 364.4% during the fourth quarter. WT Asset Management Ltd now owns 634,200 shares of the specialty retailer’s stock worth $53,774,000 after purchasing an additional 497,623 shares during the period. Finally, FengHe Fund Management Pte. Ltd. purchased a new position in Alibaba Group during the fourth quarter valued at approximately $42,175,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BABA. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Benchmark increased their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, Bank of America lifted their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. One 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 company. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $148.14.

Alibaba Group Trading Down 0.1 %

Shares of NYSE:BABA opened at $132.32 on Tuesday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $314.39 billion, a P/E ratio of 19.12, a P/E/G ratio of 0.61 and a beta of 0.28. The stock’s 50-day moving average is $122.54 and its 200-day moving average is $103.03.

Alibaba Group (NYSE:BABA) last released its earnings results 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 business had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Equities research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share 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.