Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 53.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,010,789 shares of the specialty retailer's stock after selling 6,788,119 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.25% of Alibaba Group worth $509,656,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group during the 4th quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group during the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL grew its position in Alibaba Group by 59.0% in the fourth 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 in the last quarter. Redwood Park Advisors LLC purchased a new stake in Alibaba Group during the fourth quarter valued at approximately $52,000. Finally, Kieckhefer Group LLC bought a new position in shares of Alibaba Group during the 4th quarter valued at approximately $55,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of BABA traded up $1.00 during trading hours on Tuesday, hitting $119.37. 4,195,586 shares of the stock were exchanged, compared to its average volume of 28,739,119. The stock's 50-day moving average price is $126.32 and its two-hundred day moving average price is $104.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $285.27 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43.

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 analysts' consensus estimates 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 return on equity of 12.89% and a net margin of 12.29%. Research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BABA. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, Benchmark boosted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Fourteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Alibaba Group currently has a consensus rating of "Buy" and an average target price of $150.36.

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.