Matthews International Capital Management LLC Sells 26,655 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Matthews International Capital Management LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 66.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,699 shares of the specialty retailer's stock after selling 26,655 shares during the quarter. Alibaba Group makes up 0.2% of Matthews International Capital Management LLC's portfolio, making the stock its 29th largest holding. Matthews International Capital Management LLC's holdings in Alibaba Group were worth $1,162,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. TRUE Private Wealth Advisors lifted its holdings in shares of Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock valued at $331,000 after acquiring an additional 112 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Alibaba Group by 6.0% during the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer's stock valued at $228,000 after acquiring an additional 121 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Alibaba Group by 3.6% in the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer's stock valued at $324,000 after buying an additional 134 shares during the last quarter. Wynn Capital LLC raised its holdings in shares of Alibaba Group by 1.0% in the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer's stock valued at $1,103,000 after buying an additional 135 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Alibaba Group by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer's stock valued at $361,000 after buying an additional 139 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Up 6.7 %

NYSE:BABA traded up $6.00 during trading hours on Tuesday, reaching $95.99. 30,935,663 shares of the stock were exchanged, compared to its average volume of 14,400,387. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a 50 day moving average of $85.55 and a 200 day moving average of $88.35. The stock has a market cap of $228.63 billion, a PE ratio of 19.47, a PEG ratio of 0.37 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to analysts' expectations of $239.45 billion. During the same quarter in the prior year, the business posted $1.82 EPS. The business's revenue was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BABA. StockNews.com cut Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Robert W. Baird lifted their price target on Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Macquarie raised Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target for the company in a report on Monday, October 7th. Bank of America lifted their price target on Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Barclays dropped their price objective on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, November 19th. 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 data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and a consensus 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.