Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,577,464 shares of the specialty retailer's stock after selling 212,419 shares during the quarter. Alibaba Group comprises 1.6% of AMF Tjanstepension AB's investment portfolio, making the stock its 23rd largest holding. AMF Tjanstepension AB owned 0.11% of Alibaba Group worth $218,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $409,385,000 after purchasing an additional 3,740,150 shares during the period. Hhlr Advisors LTD. grew its position in Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock worth $936,785,000 after buying an additional 3,448,152 shares during the period. FMR LLC grew its stake in Alibaba Group by 454.2% in the 3rd 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 acquired a new position in shares of Alibaba Group in the third quarter worth $115,995,000. Finally, Bank of Montreal Can purchased a new position in shares of Alibaba Group during the third quarter valued at approximately $63,929,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Alibaba Group Stock Down 3.8 %

Shares of NYSE BABA traded down $5.28 during midday trading on Monday, reaching $135.34. 14,702,703 shares of the company's stock were exchanged, compared to its average volume of 18,625,336. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.36. The business's fifty day moving average price is $105.46 and its two-hundred day moving average price is $96.90. The stock has a market capitalization of $321.56 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA - Get Free Report) last announced 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). The business 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%. Analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Benchmark upped their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Barclays boosted their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Bank of America raised their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.