Harvest Fund Management Co. Ltd Decreases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Harvest Fund Management Co. Ltd reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 17.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 137,846 shares of the specialty retailer’s stock after selling 29,003 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Alibaba Group were worth $11,685,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Sanders Capital LLC boosted its position in shares of Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after purchasing an additional 60,667 shares in the last quarter. Appaloosa LP boosted its position in shares of Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares in the last quarter. Hhlr Advisors LTD. boosted its position in shares of Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Alibaba Group by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock worth $431,906,000 after purchasing an additional 78,757 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Alibaba Group by 3,180.1% during 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 worth $409,385,000 after purchasing an additional 3,740,150 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Trading Down 3.3 %

NYSE BABA opened at $142.67 on Wednesday. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The company has a 50-day moving average of $113.14 and a 200-day moving average of $99.73. 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 company has a market cap of $338.97 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.61 and a beta of 0.27.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on BABA shares. Robert W. Baird boosted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Bank of America boosted their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Benchmark boosted their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Citigroup boosted 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. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Alibaba Group has an average rating of “Buy” and a consensus target price of $144.07.

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.