TT International Asset Management LTD Sells 90,309 Shares of Alibaba Group Holding Limited (NYSE:BABA)

TT International Asset Management LTD trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 24.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 276,562 shares of the specialty retailer's stock after selling 90,309 shares during the period. Alibaba Group accounts for 3.4% of TT International Asset Management LTD's portfolio, making the stock its 9th biggest position. TT International Asset Management LTD's holdings in Alibaba Group were worth $23,449,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group during the second quarter valued at $27,000. Concord Wealth Partners lifted its position in Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the 3rd quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Alibaba Group in the 2nd quarter worth about $38,000. Finally, Assetmark Inc. increased its stake in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after purchasing an additional 275 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Trading Up 0.0 %

Shares of BABA traded up $0.03 during midday trading on Monday, hitting $80.56. The stock had a trading volume of 10,697,477 shares, compared to its average volume of 11,897,088. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The business has a 50-day simple moving average of $87.59 and a two-hundred day simple moving average of $87.54. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market cap of $191.97 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to analysts' expectations of $239.45 billion. During the same period in the previous year, the company posted $1.82 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Wall Street Analyst Weigh In

BABA has been the subject of several analyst reports. Barclays reduced their price objective on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, November 19th. Benchmark reissued a "buy" rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Robert W. Baird increased their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Citigroup boosted their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and an average price target of $115.13.

About Alibaba Group

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.