Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 36.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,852 shares of the specialty retailer's stock after selling 13,712 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Alibaba Group were worth $2,022,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group in the fourth quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL lifted its position in Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at approximately $52,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Benchmark increased their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their target price on Alibaba Group from $125.00 to $170.00 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 stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Price Performance

Alibaba Group stock opened at $123.20 on Thursday. 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 firm's 50-day simple moving average is $124.55 and its 200 day simple moving average is $105.81. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The firm has a market capitalization of $294.19 billion, a PE ratio of 17.80, a P/E/G ratio of 0.61 and a beta of 0.24.

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 business had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. On average, equities research analysts predict 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.

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.