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

Virtu Financial LLC reduced its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 85.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BABA. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group in the 4th quarter valued at $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group during the fourth quarter worth about $32,000. Kieckhefer Group LLC bought a new position in shares of Alibaba Group in the fourth quarter worth about $55,000. Vision Financial Markets LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $55,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at approximately $60,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BABA has been the subject of several research reports. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Robert W. Baird increased their price target on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Alibaba Group presently has an average rating of "Buy" and an average target price of $144.07.

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Alibaba Group Trading Down 0.4 %

Shares of Alibaba Group stock traded down $0.53 on Tuesday, hitting $133.95. 10,622,538 shares of the company's stock traded hands, compared to its average volume of 19,036,118. The company has a market capitalization of $318.26 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The company has a fifty day moving average of $117.57 and a two-hundred day moving average of $101.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion during 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%. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current 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.