Bridgewater Associates LP Has $21.62 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Bridgewater Associates LP lowered its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 50.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,023 shares of the specialty retailer's stock after selling 257,280 shares during the period. Bridgewater Associates LP's holdings in Alibaba Group were worth $21,623,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BABA. Lindbrook Capital LLC grew its position in Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after acquiring an additional 101 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after purchasing an additional 108 shares during the period. TBH Global Asset Management LLC grew its holdings in Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock valued at $407,000 after purchasing an additional 112 shares in the last quarter. Xponance Inc. increased its stake in Alibaba Group by 4.5% during the 4th quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer's stock worth $230,000 after buying an additional 116 shares during the period. Finally, TRUE Private Wealth Advisors lifted its holdings in Alibaba Group by 3.7% in the 4th quarter. TRUE Private Wealth Advisors now owns 3,239 shares of the specialty retailer's stock worth $275,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BABA shares. Mizuho lifted their target price on Alibaba Group from $140.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Benchmark raised their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Morgan Stanley upgraded shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Citigroup dropped their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lifted their target price on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Trading Up 2.1 %

Shares of Alibaba Group stock traded up $2.28 during trading on Friday, hitting $109.03. The stock had a trading volume of 17,805,254 shares, compared to its average volume of 20,682,702. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $260.55 billion, a PE ratio of 15.76, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 1 year low of $69.12 and a 1 year high of $148.43. The stock has a 50 day simple moving average of $127.07 and a 200 day simple moving average of $104.62.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its earnings results 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 firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.