Temasek Holdings Private Ltd Sells 4,743,338 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Temasek Holdings Private Ltd trimmed its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 51.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,464,559 shares of the specialty retailer's stock after selling 4,743,338 shares during the quarter. Alibaba Group comprises about 1.5% of Temasek Holdings Private Ltd's investment portfolio, making the stock its 17th biggest position. Temasek Holdings Private Ltd owned about 0.19% of Alibaba Group worth $378,550,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Alibaba Group in the 4th quarter worth approximately $585,479,000. Renaissance Technologies LLC grew its holdings in shares of Alibaba Group by 208.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after purchasing an additional 2,024,640 shares in the last quarter. Appaloosa LP increased its position in Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares during the last quarter. Janus Henderson Group PLC raised its stake in Alibaba Group by 95.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock valued at $179,087,000 after purchasing an additional 1,030,999 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in Alibaba Group by 89,409.6% during the fourth quarter. Toronto Dominion Bank now owns 562,120 shares of the specialty retailer's stock valued at $47,662,000 after purchasing an additional 561,492 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays boosted 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. StockNews.com cut Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday. Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Morgan Stanley set a $180.00 target price on Alibaba Group in a report on Wednesday. Finally, Benchmark decreased their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Alibaba Group has a consensus rating of "Buy" and a consensus target price of $154.21.

Alibaba Group Stock Down 0.4%

Shares of BABA opened at $123.37 on Friday. The firm has a market capitalization of $294.59 billion, a P/E ratio of 17.83, a P/E/G 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. The firm has a fifty day moving average price of $123.38 and a 200-day moving average price of $107.27. 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 (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 return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Equities research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is currently 13.15%.

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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