Arnhold LLC Sells 17,967 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Arnhold LLC lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 190,825 shares of the specialty retailer's stock after selling 17,967 shares during the quarter. Alibaba Group makes up about 1.6% of Arnhold LLC's investment portfolio, making the stock its 23rd biggest position. Arnhold LLC's holdings in Alibaba Group were worth $16,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group during the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group during the 4th quarter worth $32,000. Strategic Investment Solutions Inc. IL lifted its holdings 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 buying an additional 200 shares during the last quarter. Redwood Park Advisors LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth $52,000. Finally, Kieckhefer Group LLC bought a new position in shares of Alibaba Group in the 4th quarter worth about $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BABA shares. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Citigroup reduced their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised 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. Finally, Benchmark raised their target price 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. Fourteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $150.36.

Alibaba Group Stock Up 0.9 %

BABA stock traded up $1.12 during trading hours on Tuesday, hitting $119.49. The company's stock had a trading volume of 5,017,050 shares, compared to its average volume of 20,644,221. The stock has a 50 day moving average price of $126.32 and a two-hundred day moving average price of $104.85. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The company has a market capitalization of $285.55 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. On average, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

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.