Sanders Capital LLC Sells 9,563,157 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Sanders Capital LLC lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 51.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,897,277 shares of the specialty retailer's stock after selling 9,563,157 shares during the period. Alibaba Group comprises approximately 1.1% of Sanders Capital LLC's holdings, making the stock its 26th biggest position. Sanders Capital LLC owned approximately 0.37% of Alibaba Group worth $754,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group in the fourth quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the fourth quarter valued at about $32,000. Redwood Park Advisors LLC purchased a new position in shares of Alibaba Group in the fourth quarter valued at about $52,000. Kieckhefer Group LLC bought a new position in shares of Alibaba Group in the fourth quarter worth about $55,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

BABA has been the subject of a number of research analyst reports. Citigroup cut their price objective 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. Mizuho boosted their price target on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Robert W. Baird raised their price objective on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Trading Up 2.1 %

NYSE BABA traded up $2.28 on Thursday, hitting $109.03. 17,805,254 shares of the stock were exchanged, compared to its average volume of 20,577,185. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a fifty day moving average price of $127.19 and a two-hundred day moving average price of $104.75. The firm has a market capitalization of $258.97 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.61 and a beta of 0.24.

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