Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Hhlr Advisors LTD.

Hhlr Advisors LTD. decreased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 44.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,887,300 shares of the specialty retailer's stock after selling 3,940,300 shares during the quarter. Alibaba Group comprises approximately 14.4% of Hhlr Advisors LTD.'s holdings, making the stock its 2nd largest position. Hhlr Advisors LTD. owned approximately 0.21% of Alibaba Group worth $414,394,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Global Frontier Investments LLC purchased a new position in Alibaba Group during the 4th quarter valued at about $4,239,000. Northern Trust Corp grew its position in Alibaba Group by 48.0% during the fourth quarter. Northern Trust Corp now owns 1,512,959 shares of the specialty retailer's stock valued at $128,284,000 after purchasing an additional 490,913 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in Alibaba Group by 9.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 6,354 shares of the specialty retailer's stock valued at $539,000 after buying an additional 561 shares during the period. Pingora Partners LLC lifted its position in Alibaba Group by 2.3% in the 4th quarter. Pingora Partners LLC now owns 34,878 shares of the specialty retailer's stock worth $2,957,000 after buying an additional 800 shares in the last quarter. Finally, Two Sigma Securities LLC boosted its stake in shares of Alibaba Group by 79.6% during the 4th quarter. Two Sigma Securities LLC now owns 22,342 shares of the specialty retailer's stock valued at $1,894,000 after buying an additional 9,902 shares during the period. Institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Alibaba Group stock opened at $118.37 on Tuesday. The business has a 50-day moving average of $126.32 and a 200-day moving average of $104.85. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The firm has a market capitalization of $282.87 billion, a P/E ratio of 17.11, a PEG 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 (NYSE:BABA - Get Free Report) last announced its quarterly 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley upgraded 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 report on Monday, February 24th. 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. Citigroup decreased their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Fourteen research 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.com, Alibaba Group has a consensus rating of "Buy" and an average price target 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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