Alibaba Group Holding Limited (NYSE:BABA) Holdings Trimmed by Brandes Investment Partners LP

Brandes Investment Partners LP trimmed its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 661,261 shares of the specialty retailer's stock after selling 53,509 shares during the period. Brandes Investment Partners LP's holdings in Alibaba Group were worth $56,068,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Foundations Investment Advisors LLC lifted its holdings in Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock worth $13,180,000 after acquiring an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA bought a new position in Alibaba Group in the fourth quarter worth about $911,000. Exchange Traded Concepts LLC lifted its holdings in Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock worth $6,343,000 after acquiring an additional 42,446 shares during the last quarter. Bailard Inc. lifted its holdings in Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after acquiring an additional 3,242 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock worth $28,632,000 after acquiring an additional 266,361 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

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Alibaba Group Price Performance

Alibaba Group stock traded down $4.90 during mid-day trading on Tuesday, hitting $142.67. The company's stock had a trading volume of 20,869,474 shares, compared to its average volume of 18,907,029. 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 market capitalization of $338.97 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.61 and a beta of 0.27. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $148.75. The stock's fifty day moving average price is $111.98 and its two-hundred day moving average price is $99.32.

Alibaba Group (NYSE:BABA - Get Free Report) last posted 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 return on equity of 12.89% and a net margin of 12.29%. Research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BABA shares. Bank of America raised their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $100.00 to $180.00 in a report on Monday, February 24th. Finally, Robert W. Baird lifted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target 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.