Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Bailard Inc.

Bailard Inc. lowered its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,132 shares of the specialty retailer’s stock after selling 160 shares during the quarter. Bailard Inc.’s holdings in Alibaba Group were worth $553,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of Alibaba Group by 13.8% in the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after purchasing an additional 1,406,491 shares during the last quarter. Sanders Capital LLC grew its stake in shares of Alibaba Group by 322.7% in the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after purchasing an additional 11,473,618 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Alibaba Group by 299.9% in the 4th quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock worth $6,428,000 after purchasing an additional 62,163 shares during the last quarter. Certuity LLC grew its stake in shares of Alibaba Group by 122.2% in the 3rd quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock worth $9,863,000 after purchasing an additional 62,543 shares during the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd grew its stake in shares of Alibaba Group by 19.7% in the 3rd quarter. Taikang Asset Management Hong Kong Co Ltd now owns 730,000 shares of the specialty retailer’s stock worth $63,320,000 after purchasing an additional 120,000 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

BABA stock opened at $75.55 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $191.71 billion, a P/E ratio of 13.94 and a beta of 0.46. The firm has a 50 day simple moving average of $73.19 and a 200 day simple moving average of $75.42. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $102.50.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 earnings per share. Research analysts anticipate that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Robert W. Baird decreased their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $88.50 to $85.40 in a report on Thursday, February 8th. Mizuho reiterated a “buy” rating and issued a $95.00 target price on shares of Alibaba Group in a report on Wednesday, March 27th. Finally, Benchmark reiterated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.91.

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.