Sanders Capital LLC Decreases Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Sanders Capital LLC reduced its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 51.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,897,277 shares of the specialty retailer's stock after selling 9,563,157 shares during the period. Alibaba Group comprises 1.1% of Sanders Capital LLC's investment portfolio, making the stock its 26th biggest position. Sanders Capital LLC owned approximately 0.37% of Alibaba Group worth $754,400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the 4th quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in Alibaba Group during the 4th quarter valued at $32,000. Redwood Park Advisors LLC purchased a new position in Alibaba Group during the fourth quarter worth $52,000. Vision Financial Markets LLC acquired a new position in shares of Alibaba Group in the fourth quarter worth $55,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at $55,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BABA has been the subject of a number of recent research reports. Citigroup dropped their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $150.36.

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Alibaba Group Trading Down 1.5 %

BABA traded down $1.66 during trading on Tuesday, hitting $112.31. 15,586,952 shares of the company's stock were exchanged, compared to its average volume of 20,585,119. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $148.43. The stock has a 50 day moving average price of $127.13 and a 200 day moving average price of $104.74. The firm has a market cap of $266.77 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share 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 business had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. As a group, analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Alibaba Group Company 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.