Sanders Capital LLC Has $1.96 Billion Stake in Alibaba Group Holding Limited (NYSE:BABA)

Sanders Capital LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,460,434 shares of the specialty retailer's stock after acquiring an additional 60,667 shares during the period. Alibaba Group accounts for 2.8% of Sanders Capital LLC's holdings, making the stock its 12th largest position. Sanders Capital LLC owned about 0.77% of Alibaba Group worth $1,959,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Generate Investment Management Ltd acquired a new stake in Alibaba Group during the third quarter worth approximately $12,656,000. SRN Advisors LLC raised its position in shares of Alibaba Group by 76.7% in the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer's stock valued at $1,611,000 after buying an additional 9,663 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Alibaba Group by 63.9% in 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 buying an additional 11,192 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Alibaba Group by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer's stock valued at $87,327,000 after buying an additional 50,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position 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 buying an additional 266,361 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on BABA. Robert W. Baird lifted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Truist Financial decreased their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, August 16th. Benchmark reissued a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Bank of America lifted their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.07.

Alibaba Group Trading Down 0.5 %

Shares of NYSE:BABA traded down $0.40 during mid-day trading on Tuesday, reaching $85.18. 10,225,447 shares of the company's stock were exchanged, compared to its average volume of 17,648,480. The firm has a market capitalization of $203.81 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.41 and a beta of 0.35. The business's fifty day moving average price is $98.47 and its 200-day moving average price is $86.00. 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 twelve month low of $66.63 and a twelve month high of $117.82.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. The company 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%. Alibaba Group's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, research analysts predict that Alibaba Group Holding Limited will post 8.51 EPS 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.