Arrowstreet Capital Limited Partnership Sells 868,384 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 98.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,806 shares of the specialty retailer's stock after selling 868,384 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Alibaba Group were worth $1,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Appaloosa LP increased its position in shares of Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after acquiring an additional 1,843,158 shares in the last quarter. Norges Bank purchased a new stake in Alibaba Group during the 4th quarter valued at $585,479,000. Fisher Asset Management LLC raised its stake in shares of Alibaba Group by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after purchasing an additional 78,757 shares during the last quarter. North of South Capital LLP lifted its holdings in shares of Alibaba Group by 17.9% during the fourth quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer's stock valued at $167,525,000 after purchasing an additional 300,432 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Alibaba Group by 5.0% during the fourth quarter. American Century Companies Inc. now owns 1,507,591 shares of the specialty retailer's stock valued at $127,829,000 after purchasing an additional 72,140 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

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Alibaba Group Stock Performance

Shares of NYSE BABA traded down $1.61 during trading on Tuesday, hitting $112.36. The company had a trading volume of 6,235,421 shares, compared to its average volume of 30,262,412. 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 quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $266.89 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The stock has a 50 day simple moving average of $126.89 and a 200 day simple moving average of $104.69.

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 analysts' consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BABA shares. Robert W. Baird boosted their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Citigroup cut their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $150.36.

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.