Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Genesis Investment Management LLP

Genesis Investment Management LLP trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 76.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,452 shares of the specialty retailer's stock after selling 157,817 shares during the quarter. Alibaba Group makes up about 4.6% of Genesis Investment Management LLP's investment portfolio, making the stock its 10th largest holding. Genesis Investment Management LLP's holdings in Alibaba Group were worth $4,193,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BABA. Aurora Investment Managers LLC. increased its holdings in shares of Alibaba Group by 4.4% during the 4th quarter. Aurora Investment Managers LLC. now owns 76,486 shares of the specialty retailer's stock valued at $6,485,000 after acquiring an additional 3,236 shares during the last quarter. FLC Capital Advisors bought a new stake in Alibaba Group during the fourth quarter worth approximately $255,000. Joule Financial LLC grew its holdings in Alibaba Group by 1.8% during the fourth quarter. Joule Financial LLC now owns 7,807 shares of the specialty retailer's stock valued at $662,000 after purchasing an additional 140 shares during the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Alibaba Group by 30.4% in the fourth quarter. Aaron Wealth Advisors LLC now owns 5,987 shares of the specialty retailer's stock valued at $508,000 after purchasing an additional 1,395 shares during the period. Finally, Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Alibaba Group during the 4th quarter worth $261,000. Institutional investors own 13.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BABA. Benchmark reiterated a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Macquarie raised Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. Mizuho increased their target price on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. StockNews.com downgraded Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Finally, Barclays reduced their price objective on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.13.

Alibaba Group Price Performance

Shares of NYSE:BABA traded up $0.30 during midday trading on Tuesday, reaching $85.42. 16,964,166 shares of the company's stock were exchanged, compared to its average volume of 12,451,252. The firm has a market capitalization of $203.45 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.45 and a beta of 0.30. The company's 50 day simple moving average is $85.85 and its two-hundred day simple moving average is $87.93. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. 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 (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the firm posted $1.82 EPS. The firm's quarterly revenue was up 5.2% on a year-over-year basis. 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.