Mirae Asset Global Investments Co. Ltd. Sells 6,227 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,107 shares of the specialty retailer’s stock after selling 6,227 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Alibaba Group were worth $11,141,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Foundations Investment Advisors LLC grew its position in shares of Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after buying an additional 27,088 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after buying an additional 42,446 shares during the period. Generate Investment Management Ltd acquired a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $12,656,000. Nations Financial Group Inc. IA ADV grew its position in shares of Alibaba Group by 63.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after buying an additional 11,192 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Alibaba Group by 7,734.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after buying an additional 266,361 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA opened at $100.36 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. The firm’s 50 day moving average price is $87.44 and its two-hundred day moving average price is $89.33. The firm has a market cap of $238.73 billion, a P/E ratio of 20.36, a PEG ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. On average, analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BABA shares. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Citigroup boosted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Robert W. Baird boosted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Mizuho boosted their price objective on shares of 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 fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.13.

About Alibaba Group

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.