Alibaba Group Holding Limited (NYSE:BABA) Stock Position Decreased by IPG Investment Advisors LLC

IPG Investment Advisors LLC lowered its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 38.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,351 shares of the specialty retailer’s stock after selling 6,462 shares during the period. IPG Investment Advisors LLC’s holdings in Alibaba Group were worth $878,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in BABA. Norges Bank acquired a new position in Alibaba Group during the 4th quarter valued at approximately $585,479,000. Hhlr Advisors LTD. boosted its holdings in shares of Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after acquiring an additional 3,448,152 shares during the period. FMR LLC grew its position in shares of Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after acquiring an additional 2,959,954 shares during the last quarter. Appaloosa LP increased its holdings in shares of Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares during the period. Finally, Aspex Management HK Ltd bought a new stake in Alibaba Group in the 3rd quarter valued at about $115,995,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Down 2.3 %

Shares of Alibaba Group stock opened at $132.49 on Friday. 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 $68.36 and a 12-month high of $148.43. The firm has a market capitalization of $314.80 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The stock’s fifty day moving average is $121.60 and its 200-day moving average is $102.58.

Alibaba Group (NYSE:BABA) last posted 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 for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BABA. Morgan Stanley upgraded shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $180.00 in a research note on Monday, February 24th. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Robert W. Baird boosted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $148.14.

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.