Artisan Partners Limited Partnership Has $9.57 Million Stake in Alibaba Group Holding Limited (NYSE:BABA)

Artisan Partners Limited Partnership reduced its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 112,821 shares of the specialty retailer's stock after selling 21,412 shares during the quarter. Artisan Partners Limited Partnership's holdings in Alibaba Group were worth $9,566,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new position in Alibaba Group in the third quarter worth about $321,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $287,000. FMR LLC boosted its position in Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock valued at $383,260,000 after buying an additional 2,959,954 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in Alibaba Group during the third quarter worth about $518,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Alibaba Group by 2.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,347 shares of the specialty retailer's stock worth $1,523,000 after buying an additional 390 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Morgan Stanley upgraded shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Bank of America boosted their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Barclays upped their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $148.14.

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Alibaba Group Trading Up 0.2 %

BABA stock traded up $0.20 during midday trading on Monday, hitting $132.63. 8,110,539 shares of the company's stock were exchanged, compared to its average volume of 19,413,487. The company has a market cap of $315.13 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. 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 stock's fifty day moving average price is $121.60 and its 200-day moving average price is $102.70. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43.

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 (EPS) for the quarter, missing the consensus estimate 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%. Research analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

About Alibaba Group

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.