Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 22.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 454,134 shares of the specialty retailer’s stock after selling 132,262 shares during the period. Sei Investments Co.’s holdings in Alibaba Group were worth $38,506,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BABA. Decker Retirement Planning Inc. acquired a new position in Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth approximately $32,000. Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group in the 4th quarter worth approximately $55,000. Vision Financial Markets LLC purchased a new position in Alibaba Group in the 4th quarter valued at approximately $55,000. Finally, Golden State Wealth Management LLC acquired a new position in Alibaba Group during the fourth quarter worth $60,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.4 %

BABA opened at $134.58 on Tuesday. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The business has a 50-day moving average of $117.57 and a two-hundred day moving average of $101.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $319.76 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion during 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%. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BABA. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $100.00 to $180.00 in a report on Monday, February 24th. JPMorgan Chase & Co. increased their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Barclays increased their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $144.07.

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.