BROOKFIELD Corp ON Trims Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

BROOKFIELD Corp ON cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 42.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,367,057 shares of the specialty retailer's stock after selling 1,000,998 shares during the period. Alibaba Group comprises approximately 0.7% of BROOKFIELD Corp ON's investment portfolio, making the stock its 22nd biggest holding. BROOKFIELD Corp ON owned approximately 0.06% of Alibaba Group worth $115,913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Decker Retirement Planning Inc. purchased a new stake in Alibaba Group during the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth about $32,000. Strategic Investment Solutions Inc. IL boosted its stake in shares of 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 in the last quarter. Redwood Park Advisors LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at about $52,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at about $55,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Up 0.6 %

Shares of BABA stock opened at $126.55 on Tuesday. 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 Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company's 50-day moving average price is $124.91 and its 200-day moving average price is $105.53. The stock has a market cap of $302.19 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.61 and a beta of 0.24.

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

Analyst Ratings Changes

Several brokerages have commented on BABA. Benchmark raised their price objective on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Citigroup cut their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report 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 company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $150.36.

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.

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