Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Novo Holdings A S

Novo Holdings A S reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 452,327 shares of the specialty retailer's stock after selling 48,500 shares during the quarter. Alibaba Group accounts for approximately 2.3% of Novo Holdings A S's portfolio, making the stock its 14th largest holding. Novo Holdings A S's holdings in Alibaba Group were worth $38,353,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rings Capital Management LLC raised its position in Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after acquiring an additional 100 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after buying an additional 101 shares in the last quarter. Global Endowment Management LP grew its holdings in Alibaba Group by 1.4% during the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after buying an additional 106 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings 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 worth $266,000 after acquiring an additional 108 shares during the last quarter. Finally, TBH Global Asset Management LLC lifted its position 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 acquiring an additional 112 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Morgan Stanley upgraded Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Finally, Benchmark raised their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Fourteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Alibaba Group currently has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Stock Up 4.4 %

Shares of BABA traded up $5.33 during mid-day trading on Friday, reaching $125.86. 18,023,694 shares of the stock traded hands, compared to its average volume of 20,593,585. The firm has a market cap of $300.77 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 0.61 and a beta of 0.24. The stock has a fifty day simple moving average of $125.16 and a 200 day simple moving average of $105.31. 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 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 issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 12.89% and a net margin of 12.29%. Sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.