Yarbrough Capital LLC Sells 17,123 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Yarbrough Capital LLC trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 13.3% in the 4th quarter, HoldingsChannel reports. The fund owned 111,581 shares of the specialty retailer’s stock after selling 17,123 shares during the quarter. Yarbrough Capital LLC’s holdings in Alibaba Group were worth $9,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Generate Investment Management Ltd purchased a new stake in Alibaba Group during the 3rd quarter valued at approximately $12,656,000. Nations Financial Group Inc. IA ADV grew its stake in Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after acquiring an additional 11,192 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after acquiring an additional 50,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after purchasing an additional 266,361 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new position in shares of Alibaba Group during the 3rd quarter valued at about $115,995,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Barclays lowered their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Citigroup boosted their price target 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. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Finally, Mizuho boosted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Price Performance

Alibaba Group stock opened at $82.40 on Friday. The stock has a market cap of $196.36 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 0.40 and a beta of 0.30. The firm has a 50-day moving average of $86.59 and a two-hundred day moving average of $87.63. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. 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 data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the business posted $1.82 EPS. Alibaba Group’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts forecast that Alibaba Group Holding Limited will post 8.44 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.