Yarbrough Capital LLC Decreases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Yarbrough Capital LLC lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,581 shares of the specialty retailer's stock after selling 17,123 shares during the quarter. Yarbrough Capital LLC's holdings in Alibaba Group were worth $9,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Alibaba Group in the 2nd quarter valued at approximately $27,000. Concord Wealth Partners increased its holdings in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after buying an additional 155 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in Alibaba Group in the third quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Alibaba Group in the second quarter valued at $38,000. Finally, Assetmark Inc. lifted its holdings in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after buying an additional 275 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Shares of NYSE BABA traded up $2.68 during mid-day trading on Friday, hitting $85.11. 16,476,893 shares of the company were exchanged, compared to its average volume of 11,570,813. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market cap of $202.80 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 0.40 and a beta of 0.30. The stock has a 50 day simple moving average of $86.59 and a 200-day simple moving average of $87.63. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Bank of America boosted their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Benchmark restated a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Finally, StockNews.com downgraded Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $115.13.

Alibaba Group 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.