Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by FIL Ltd

FIL Ltd reduced its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,828,184 shares of the specialty retailer's stock after selling 1,195,016 shares during the period. Alibaba Group makes up about 1.0% of FIL Ltd's holdings, making the stock its 16th biggest holding. FIL Ltd owned approximately 0.54% of Alibaba Group worth $1,087,702,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BABA. Bank of Montreal Can increased its stake in shares of Alibaba Group by 92.7% in the fourth quarter. Bank of Montreal Can now owns 1,147,636 shares of the specialty retailer's stock worth $97,308,000 after buying an additional 552,010 shares during the last quarter. Sierra Summit Advisors LLC bought a new stake in shares of Alibaba Group in the 4th quarter worth about $6,482,000. Gemsstock Ltd. raised its stake in shares of Alibaba Group by 12.7% in the 4th quarter. Gemsstock Ltd. now owns 177,900 shares of the specialty retailer's stock valued at $15,084,000 after purchasing an additional 20,100 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Alibaba Group by 54.9% during the fourth quarter. Federated Hermes Inc. now owns 124,978 shares of the specialty retailer's stock worth $10,597,000 after purchasing an additional 44,278 shares during the last quarter. Finally, Titleist Asset Management LLC grew its stake in Alibaba Group by 877.1% in the fourth quarter. Titleist Asset Management LLC now owns 21,105 shares of the specialty retailer's stock worth $1,789,000 after purchasing an additional 18,945 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BABA has been the topic of several research reports. Robert W. Baird upped their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Mizuho upped their price target on Alibaba Group from $140.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. JPMorgan Chase & Co. raised their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Finally, StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $150.36.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded up $1.46 during trading hours on Friday, hitting $105.64. The stock had a trading volume of 25,783,941 shares, compared to its average volume of 20,450,517. 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 stock's fifty day simple moving average is $126.48 and its 200 day simple moving average is $104.55. The firm has a market capitalization of $250.92 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 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 during the quarter, compared to analyst estimates of $38.19 billion. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal 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.