Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Fmr LLC

Fmr LLC decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 64.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,270,182 shares of the specialty retailer’s stock after selling 2,341,389 shares during the period. Fmr LLC owned about 0.05% of Alibaba Group worth $107,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group during the 4th quarter worth about $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth approximately $32,000. Kieckhefer Group LLC purchased a new position in Alibaba Group in the fourth quarter worth approximately $55,000. Vision Financial Markets LLC acquired a new position in Alibaba Group during the 4th quarter worth approximately $55,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $60,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $114.07 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $270.94 billion, a PE ratio of 16.48, a P/E/G ratio of 0.61 and a beta of 0.24. The stock has a fifty day moving average price of $126.89 and a 200 day moving average price of $104.69. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43.

Alibaba Group (NYSE:BABA) last issued its earnings results 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 firm had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BABA. Robert W. Baird boosted their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Morgan Stanley upgraded 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 research note on Monday, February 24th. Barclays increased their price target 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. Finally, Benchmark boosted their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $150.36.

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.