Banco Bilbao Vizcaya Argentaria S.A. Reduces Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 493,227 shares of the specialty retailer's stock after selling 82,719 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Alibaba Group were worth $41,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. bought a new stake in shares of Alibaba Group in the fourth quarter worth $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL increased its position in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Redwood Park Advisors LLC bought a new position in shares of Alibaba Group in the 4th quarter worth approximately $52,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Alibaba Group in the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 2.6 %

Shares of BABA opened at $118.92 on Thursday. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week 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 company's fifty day moving average is $126.71 and its 200 day moving average is $104.76. The stock has a market capitalization of $284.19 billion, a PE ratio of 17.18, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Benchmark raised their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Bank of America boosted their price target on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Finally, Robert W. Baird increased their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Fourteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $150.36.

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.

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