Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by 683 Capital Management LLC

683 Capital Management LLC lessened its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 32.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,000 shares of the specialty retailer's stock after selling 14,500 shares during the period. 683 Capital Management LLC's holdings in Alibaba Group were worth $2,544,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SkyView Investment Advisors LLC purchased a new position in shares of Alibaba Group in the 3rd quarter valued at about $637,000. World Investment Advisors LLC increased its holdings in Alibaba Group by 17.0% in the third quarter. World Investment Advisors LLC now owns 10,252 shares of the specialty retailer's stock valued at $1,088,000 after buying an additional 1,486 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $89,000. Synovus Financial Corp raised its holdings in Alibaba Group by 9.5% during the third 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. grew its holdings in Alibaba Group by 41.7% in the third 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. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BABA. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Robert W. Baird lifted their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Benchmark upped their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Barclays lifted 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 analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $150.36.

Alibaba Group Stock Up 0.6 %

BABA traded up $0.79 during trading hours on Monday, reaching $126.55. 9,672,579 shares of the stock traded hands, compared to its average volume of 20,555,077. 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 firm's fifty day simple moving average is $125.16 and its two-hundred day simple moving average is $105.36. The company has a market cap of $302.19 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The business 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%. As a group, analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal 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.