Alibaba Group Holding Limited (NYSE:BABA) Position Trimmed by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 69.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,600 shares of the specialty retailer's stock after selling 90,851 shares during the quarter. Voya Investment Management LLC's holdings in Alibaba Group were worth $3,358,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SkyView Investment Advisors LLC purchased a new stake in Alibaba Group during the third quarter valued at about $637,000. World Investment Advisors LLC raised its position in Alibaba Group by 17.0% during the third quarter. World Investment Advisors LLC now owns 10,252 shares of the specialty retailer's stock valued at $1,088,000 after acquiring an additional 1,486 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Alibaba Group in the third quarter valued at approximately $89,000. Synovus Financial Corp increased its stake in shares of Alibaba Group by 9.5% during the 3rd quarter. Synovus Financial Corp now owns 5,533 shares of the specialty retailer's stock worth $587,000 after purchasing an additional 481 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Alibaba Group by 41.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,534 shares of the specialty retailer's stock valued at $3,203,000 after purchasing an additional 8,685 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

NYSE:BABA opened at $120.65 on Friday. The stock has a market capitalization of $288.32 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The firm has a 50 day moving average of $125.33 and a 200-day moving average of $105.14.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The business 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 anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BABA shares. Benchmark boosted their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Mizuho raised Alibaba Group to a "strong-buy" rating in a research report on Friday, April 18th. Finally, Barclays boosted their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Fourteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $150.36.

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.

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