Invesco Ltd. reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,253,294 shares of the specialty retailer's stock after selling 3,868,108 shares during the period. Invesco Ltd. owned 0.09% of Alibaba Group worth $191,057,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Foundations Investment Advisors LLC lifted its stake in shares of Alibaba Group by 21.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock valued at $13,180,000 after buying an additional 27,088 shares in the last quarter. Berkshire Asset Management LLC PA purchased a new position in Alibaba Group in the fourth quarter valued at approximately $911,000. Exchange Traded Concepts LLC lifted its position in shares of Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock valued at $6,343,000 after buying an additional 42,446 shares during the last quarter. Bailard Inc. boosted its position in Alibaba Group by 46.3% during the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after purchasing an additional 3,242 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Alibaba Group by 31.3% in the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer's stock worth $1,566,000 after buying an additional 4,397 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.
Alibaba Group Stock Down 3.7 %
Shares of NYSE:BABA traded down $4.11 during midday trading on Wednesday, reaching $108.17. The company's stock had a trading volume of 7,618,961 shares, compared to its average volume of 20,535,904. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43. 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 firm has a 50 day moving average of $127.13 and a 200-day moving average of $104.74. The firm has a market capitalization of $256.92 billion, a P/E ratio of 15.64, a PEG ratio of 0.61 and a beta of 0.24.
Alibaba Group (NYSE:BABA - Get Free Report) last issued 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 return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. On average, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.
Analyst Upgrades and Downgrades
BABA has been the subject of several analyst reports. Bank of America raised their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Mizuho lifted their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Barclays lifted their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Citigroup decreased their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $150.36.
Read Our Latest Research Report on BABA
Alibaba Group Company Profile
(
Free Report)
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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