Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Lessened by Matthews International Capital Management LLC


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Matthews International Capital Management LLC trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 58.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 354,075 shares of the specialty retailer’s stock after selling 502,769 shares during the quarter. Alibaba Group makes up approximately 4.4% of Matthews International Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Matthews International Capital Management LLC’s holdings in Alibaba Group were worth $82,404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of Alibaba Group by 7.5% in the third quarter. Morgan Stanley now owns 20,418,211 shares of the specialty retailer’s stock worth $6,002,544,000 after buying an additional 1,431,788 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Alibaba Group by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 13,945,829 shares of the specialty retailer’s stock worth $3,245,613,000 after purchasing an additional 450,553 shares during the last quarter. Sands Capital Management LLC increased its position in shares of Alibaba Group by 10.0% in the third quarter. Sands Capital Management LLC now owns 7,636,335 shares of the specialty retailer’s stock worth $2,244,930,000 after purchasing an additional 696,828 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Alibaba Group by 44.3% in the third quarter. Acadian Asset Management LLC now owns 5,010,596 shares of the specialty retailer’s stock worth $1,473,016,000 after purchasing an additional 1,538,738 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Alibaba Group by 15.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,827,680 shares of the specialty retailer’s stock valued at $1,419,240,000 after acquiring an additional 636,989 shares during the last quarter. 40.38% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group stock opened at $245.45 on Tuesday. The business has a 50-day simple moving average of $254.14 and a two-hundred day simple moving average of $269.44. The company has a market cap of $664.10 billion, a P/E ratio of 36.44, a P/E/G ratio of 1.59 and a beta of 0.99. Alibaba Group Holding Limited has a 52-week low of $169.95 and a 52-week high of $319.32. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Monday, February 1st. The specialty retailer reported $22.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.78 by $19.25. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The business had revenue of $221.08 billion during the quarter, compared to the consensus estimate of $214.39 billion. During the same period in the previous year, the company posted $18.19 EPS. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. Research analysts anticipate that Alibaba Group Holding Limited will post 7.84 EPS for the current fiscal year.

A number of research analysts have commented on BABA shares. Macquarie increased their price target on shares of Alibaba Group from $387.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $330.00 price target on shares of Alibaba Group in a research report on Tuesday, October 27th. Mizuho raised their target price on shares of Alibaba Group from $270.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Nomura restated a “buy” rating and issued a $338.00 target price on shares of Alibaba Group in a report on Thursday, January 14th. Finally, UBS Group raised their price target on Alibaba Group from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Three equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Alibaba Group presently has a consensus rating of “Buy” and a consensus target price of $321.55.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through 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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