Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Trimmed by Ruffer LLP

Ruffer LLP decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,609,404 shares of the specialty retailer's stock after selling 1,021,435 shares during the period. Alibaba Group comprises about 4.9% of Ruffer LLP's holdings, making the stock its 6th largest position. Ruffer LLP owned approximately 0.07% of Alibaba Group worth $136,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Alibaba Group by 3,180.1% in the third 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. Hhlr Advisors LTD. lifted its stake in 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 acquiring an additional 3,448,152 shares during the period. FMR LLC increased its position in Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock valued at $383,260,000 after acquiring an additional 2,959,954 shares during the last quarter. Aspex Management HK Ltd purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $115,995,000. Finally, Bank of Montreal Can bought a new stake in Alibaba Group during the 3rd quarter worth approximately $63,929,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have commented on BABA shares. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Barclays boosted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Benchmark boosted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $144.07.

Alibaba Group Stock Performance

Shares of BABA traded up $0.64 on Friday, reaching $140.59. 31,813,632 shares of the stock traded hands, compared to its average volume of 18,635,841. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $145.36. The firm has a market cap of $334.04 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 0.61 and a beta of 0.28. The stock's 50-day moving average price is $105.46 and its 200-day moving average price is $96.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last issued 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 return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.