Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. trimmed its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 23.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,825 shares of the specialty retailer's stock after selling 2,044 shares during the period. Rakuten Securities Inc.'s holdings in Alibaba Group were worth $579,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alibaba Group by 3,180.1% during the 3rd 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 valued at $409,385,000 after acquiring an additional 3,740,150 shares during the last quarter. Hhlr Advisors LTD. lifted its holdings in shares of Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after purchasing an additional 3,448,152 shares in the last quarter. FMR LLC increased its stake in shares of Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after acquiring an additional 2,959,954 shares during the last quarter. Aspex Management HK Ltd acquired a new position in shares of Alibaba Group in the third quarter worth $115,995,000. Finally, Bank of Montreal Can acquired a new position in shares of Alibaba Group in the third quarter worth $63,929,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

NYSE BABA opened at $139.21 on Wednesday. The firm has a market cap of $330.76 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 0.61 and a beta of 0.28. The company has a 50 day moving average of $107.51 and a 200-day moving average of $97.63. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $145.36.

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Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion during 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%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BABA shares. JPMorgan Chase & Co. raised their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Benchmark raised their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Morgan Stanley upgraded shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Finally, Robert W. Baird raised their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $144.07.

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.

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