Virtu Financial LLC Sells 115,151 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Virtu Financial LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 85.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,535 shares of the specialty retailer's stock after selling 115,151 shares during the period. Virtu Financial LLC's holdings in Alibaba Group were worth $1,656,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BABA. Lindbrook Capital LLC raised its holdings in shares of Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after acquiring an additional 101 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in Alibaba Group by 3.6% in the fourth 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 in the last quarter. TRUE Private Wealth Advisors lifted its position in Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer's stock valued at $331,000 after purchasing an additional 112 shares during the last quarter. TBH Global Asset Management LLC grew its stake in Alibaba Group by 2.4% in the 4th 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 in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Alibaba Group by 4.5% in the 4th quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer's stock worth $230,000 after buying an additional 116 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Shares of NYSE BABA traded down $0.52 during midday trading on Wednesday, hitting $132.23. 15,906,596 shares of the stock traded hands, compared to its average volume of 19,038,103. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43. The firm has a market capitalization of $314.18 billion, a P/E ratio of 19.11, a PEG ratio of 0.61 and a beta of 0.28. The firm has a 50-day moving average of $118.59 and a two-hundred day moving average of $101.64.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Barclays boosted 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. Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock 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 stock. According to data from MarketBeat, Alibaba Group has an average rating of "Buy" and an average price target of $144.07.

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.