RWC Asset Management LLP Sells 78,423 Shares of Alibaba Group Holding Limited (NYSE:BABA)

RWC Asset Management LLP reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 26.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 215,118 shares of the specialty retailer’s stock after selling 78,423 shares during the quarter. RWC Asset Management LLP’s holdings in Alibaba Group were worth $18,240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanders Capital LLC raised its position in Alibaba Group by 0.3% during the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after purchasing an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. boosted its holdings in shares of Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after purchasing an additional 3,448,152 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after purchasing an additional 3,740,150 shares during the last quarter. FMR LLC raised its holdings in shares of Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after buying an additional 2,959,954 shares in the last quarter. Finally, AMF Tjanstepension AB lifted its position in shares of Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after buying an additional 178,999 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BABA has been the topic of a number of recent analyst reports. Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. raised 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. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Mizuho raised their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.93.

Alibaba Group Price Performance

Shares of BABA opened at $143.67 on Monday. The business has a 50-day moving average of $95.43 and a 200-day moving average of $93.09. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.30. The company has a market capitalization of $341.36 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

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.