Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 66.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,699 shares of the specialty retailer’s stock after selling 26,655 shares during the period. Alibaba Group makes up 0.2% of Matthews International Capital Management LLC’s holdings, making the stock its 29th biggest holding. Matthews International Capital Management LLC’s holdings in Alibaba Group were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group during the 2nd quarter worth approximately $27,000. Concord Wealth Partners boosted its holdings in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group during the 4th quarter worth $31,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at about $36,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Alibaba Group during the 2nd quarter worth approximately $38,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 0.9 %

NYSE:BABA opened at $89.98 on Tuesday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $85.54 and a 200-day simple moving average of $88.27. The company has a market capitalization of $214.32 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30.

Alibaba Group (NYSE:BABAGet Free Report) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the previous year, the business posted $1.82 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America lifted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Barclays lowered their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.13.

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Alibaba Group Profile

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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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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