ArrowMark Colorado Holdings LLC Decreases Stake in Alibaba Group Holding Limited (NYSE:BABA)

ArrowMark Colorado Holdings LLC reduced its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 351,300 shares of the specialty retailer's stock after selling 55,800 shares during the quarter. ArrowMark Colorado Holdings LLC's holdings in Alibaba Group were worth $29,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Rings Capital Management LLC raised its holdings in shares of Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after buying an additional 100 shares during the period. Lindbrook Capital LLC increased its stake in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after purchasing an additional 101 shares during the period. Global Endowment Management LP lifted its position in shares of Alibaba Group by 1.4% during the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock worth $642,000 after purchasing an additional 106 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. Finally, TBH Global Asset Management LLC grew its holdings in shares of Alibaba Group by 2.4% in the fourth 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. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. 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. Barclays lifted their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Robert W. Baird upped their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Fourteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Trading Up 0.6 %

BABA stock traded up $0.79 during trading on Monday, reaching $126.55. 9,811,691 shares of the stock traded hands, compared to its average volume of 20,555,824. The business's 50 day moving average price is $125.16 and its 200-day moving average price is $105.36. The firm has a market capitalization of $302.19 billion, a PE ratio of 18.29, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates 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. As a group, sell-side analysts forecast 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.