Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by QV Investors Inc.

QV Investors Inc. cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 39.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,817 shares of the specialty retailer's stock after selling 56,980 shares during the quarter. QV Investors Inc.'s holdings in Alibaba Group were worth $7,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Generate Investment Management Ltd purchased a new stake in Alibaba Group during the 3rd quarter worth $12,656,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer's stock valued at $3,047,000 after purchasing an additional 11,192 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer's stock worth $87,327,000 after purchasing an additional 50,000 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 valued at $28,632,000 after purchasing an additional 266,361 shares during the period. Finally, Aspex Management HK Ltd acquired a new stake in Alibaba Group during the 3rd quarter valued at $115,995,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

NYSE:BABA traded up $0.03 during midday trading on Monday, reaching $80.56. 10,697,477 shares of the company traded hands, compared to its average volume of 11,897,088. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company has a fifty day moving average price of $87.59 and a 200 day moving average price of $87.54. The firm has a market capitalization of $191.97 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30.

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, topping the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 earnings per share. On average, analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of analyst reports. Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Friday. StockNews.com downgraded shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Benchmark reaffirmed a "buy" rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Finally, Bank of America boosted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $115.13.

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.