Colony Group LLC Sells 3,785 Shares of Alibaba Group Holding Ltd (BABA)

Colony Group LLC trimmed its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 37.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,426 shares of the specialty retailer’s stock after selling 3,785 shares during the quarter. Colony Group LLC’s holdings in Alibaba Group were worth $881,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Alibaba Group by 7.4% during the fourth quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after purchasing an additional 4,674,615 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Alibaba Group by 4.4% during the fourth quarter. Baillie Gifford & Co. now owns 47,311,293 shares of the specialty retailer’s stock worth $6,484,958,000 after purchasing an additional 1,989,666 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Alibaba Group by 2.3% during the third quarter. Vanguard Group Inc. now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after purchasing an additional 849,659 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Alibaba Group by 2.3% during the third quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock worth $6,190,307,000 after purchasing an additional 849,659 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Alibaba Group by 8.5% during the third quarter. Capital Research Global Investors now owns 21,413,445 shares of the specialty retailer’s stock worth $3,528,079,000 after purchasing an additional 1,670,726 shares in the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on BABA shares. KeyCorp set a $200.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a report on Wednesday, January 23rd. Citigroup reaffirmed a “buy” rating and issued a $211.00 price target (up from $208.00) on shares of Alibaba Group in a report on Thursday, January 31st. Bank of America reaffirmed a “buy” rating and issued a $215.00 price target (down from $221.00) on shares of Alibaba Group in a report on Thursday, January 31st. ValuEngine cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, HSBC upped their price target on shares of Alibaba Group from $177.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 14th. One equities research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $211.07.

BABA stock opened at $178.77 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.25. Alibaba Group Holding Ltd has a 1-year low of $129.77 and a 1-year high of $211.70. The firm has a market cap of $451.43 billion, a price-to-earnings ratio of 44.36, a price-to-earnings-growth ratio of 1.72 and a beta of 2.31.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share for the quarter, beating the consensus estimate of $1.36 by $10.83. The firm had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The firm’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Equities research analysts predict that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current fiscal year.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, 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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