Deltec Asset Management LLC Has $346,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Deltec Asset Management LLC trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 42.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,075 shares of the specialty retailer's stock after selling 3,050 shares during the period. Deltec Asset Management LLC's holdings in Alibaba Group were worth $346,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock worth $650,043,000 after purchasing an additional 5,715,155 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Alibaba Group by 3,180.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock worth $409,385,000 after buying an additional 3,740,150 shares during the period. Hhlr Advisors LTD. grew its stake in Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after buying an additional 3,448,152 shares during the last quarter. FMR LLC raised its holdings in Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after acquiring an additional 2,959,954 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Alibaba Group by 9,205.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer's stock worth $1,801,240,000 after acquiring an additional 1,679,117 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Ratings Changes

BABA has been the topic of a number of recent analyst reports. Benchmark reiterated a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Barclays cut their target price on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. Bank of America boosted their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Mizuho boosted their price target on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average target price of $115.13.

Alibaba Group Stock Up 3.8 %

Shares of NYSE BABA opened at $102.37 on Wednesday. The business has a fifty day moving average of $87.19 and a two-hundred day moving average of $89.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The stock has a market cap of $243.52 billion, a PE ratio of 20.77, a PEG ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. As a group, equities research analysts expect 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.

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