Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 22.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 454,134 shares of the specialty retailer's stock after selling 132,262 shares during the period. Sei Investments Co.'s holdings in Alibaba Group were worth $38,506,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BABA. Foundations Investment Advisors LLC grew its stake in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock worth $13,180,000 after purchasing an additional 27,088 shares in the last quarter. Berkshire Asset Management LLC PA acquired a new position in shares of Alibaba Group during the 4th quarter worth about $911,000. Exchange Traded Concepts LLC increased its holdings in shares of Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock valued at $6,343,000 after acquiring an additional 42,446 shares during the last quarter. Bailard Inc. raised its position in shares of Alibaba Group by 46.3% during the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after acquiring an additional 3,242 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Alibaba Group by 7,734.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock worth $28,632,000 after purchasing an additional 266,361 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on BABA. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Barclays lifted their price target 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. Bank of America upped their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Benchmark boosted their target price on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Arete Research raised Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $144.07.

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Alibaba Group Price Performance

Alibaba Group stock opened at $134.58 on Tuesday. The business has a 50 day simple moving average of $117.57 and a 200-day simple moving average of $101.28. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $319.76 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA - Get Free Report) last released 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 return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Equities analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Alibaba Group 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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