Phoenix Financial Ltd. Decreases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Phoenix Financial Ltd. trimmed its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 50.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,035 shares of the specialty retailer's stock after selling 12,424 shares during the quarter. Phoenix Financial Ltd.'s holdings in Alibaba Group were worth $1,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its position in Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after acquiring an additional 101 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after purchasing an additional 108 shares during the last quarter. TBH Global Asset Management LLC lifted its position in Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock worth $407,000 after buying an additional 112 shares during the last quarter. Xponance Inc. increased its position in Alibaba Group by 4.5% during the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer's stock valued at $230,000 after acquiring an additional 116 shares during the last quarter. Finally, TRUE Private Wealth Advisors boosted its stake in shares of Alibaba Group by 3.7% during the 4th quarter. TRUE Private Wealth Advisors now owns 3,239 shares of the specialty retailer's stock worth $275,000 after purchasing an additional 116 shares during the period. 13.47% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Mizuho upped their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, March 28th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Barclays upped their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $100.00 to $180.00 in a report on Monday, February 24th. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Alibaba Group currently has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Stock Down 0.9 %

Shares of NYSE BABA traded down $1.02 during trading hours on Tuesday, hitting $112.95. 8,733,185 shares of the stock were exchanged, compared to its average volume of 30,312,781. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The firm has a fifty day moving average price of $126.89 and a 200-day moving average price of $104.69. 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 company has a market cap of $268.28 billion, a PE ratio of 16.32, a PEG ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $38.19 billion. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Alibaba Group 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.