Trustmark National Bank Trust Department Reduces Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Trustmark National Bank Trust Department trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 43.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,283 shares of the specialty retailer's stock after selling 7,975 shares during the period. Trustmark National Bank Trust Department's holdings in Alibaba Group were worth $872,000 at the end of the most recent quarter.

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

Alibaba Group Stock Up 2.1 %

BABA traded up $2.28 on Friday, hitting $109.03. The company had a trading volume of 17,805,254 shares, compared to its average volume of 20,607,737. The stock has a market capitalization of $260.55 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a fifty day moving average price of $127.14 and a 200-day moving average price of $104.77. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Benchmark upped their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Robert W. Baird upped their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $150.36.

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.