ANTIPODES PARTNERS Ltd Has $19.49 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

ANTIPODES PARTNERS Ltd trimmed its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,813 shares of the specialty retailer's stock after selling 145,614 shares during the quarter. ANTIPODES PARTNERS Ltd's holdings in Alibaba Group were worth $19,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth approximately $32,000. Assetmark Inc. boosted its holdings in shares of Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 275 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth approximately $55,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth approximately $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Citigroup lifted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Barclays lifted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Benchmark lifted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $144.07.

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Alibaba Group Stock Performance

Shares of NYSE:BABA traded up $1.27 during trading on Thursday, reaching $138.41. The stock had a trading volume of 20,425,333 shares, compared to its average volume of 18,816,076. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.36. The firm has a market capitalization of $328.86 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 0.61 and a beta of 0.28. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $109.63 and a two-hundred day simple moving average of $98.18.

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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. As a group, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal 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.