Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by LGT Group Foundation

LGT Group Foundation lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,428 shares of the specialty retailer’s stock after selling 440 shares during the quarter. LGT Group Foundation’s holdings in Alibaba Group were worth $1,563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BABA. Chicago Partners Investment Group LLC acquired a new position in Alibaba Group during the 3rd quarter worth $238,000. Clear Creek Financial Management LLC acquired a new position in Alibaba Group during the 3rd quarter worth $259,000. Forum Financial Management LP acquired a new position in Alibaba Group during the 3rd quarter worth $247,000. Henry James International Management Inc. boosted its position in Alibaba Group by 34.9% during the 3rd quarter. Henry James International Management Inc. now owns 19,104 shares of the specialty retailer’s stock worth $2,027,000 after acquiring an additional 4,943 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Alibaba Group by 4.4% during the 3rd quarter. QRG Capital Management Inc. now owns 37,324 shares of the specialty retailer’s stock worth $3,961,000 after acquiring an additional 1,589 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the topic of a number of research reports. Bank of America boosted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Benchmark boosted their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Finally, StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $144.07.

Alibaba Group Stock Down 1.3 %

Shares of Alibaba Group stock opened at $130.82 on Tuesday. The stock’s fifty day moving average is $101.27 and its 200-day moving average is $95.35. The firm has a market capitalization of $310.82 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The company has a quick ratio of 1.48, a current 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 $145.30.

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