Alibaba Group Holding Ltd (BABA) Shares Sold by Foresters Investment Management Company Inc.

Foresters Investment Management Company Inc. trimmed its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 80.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,542 shares of the specialty retailer’s stock after selling 74,000 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Alibaba Group were worth $2,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Alibaba Group by 7.4% during the 4th quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock valued at $9,284,230,000 after purchasing an additional 4,674,615 shares during the period. Baillie Gifford & Co. grew its stake in shares of Alibaba Group by 1.4% during the 3rd quarter. Baillie Gifford & Co. now owns 45,321,627 shares of the specialty retailer’s stock valued at $7,467,191,000 after purchasing an additional 619,951 shares during the period. Vanguard Group Inc. grew its stake in shares of Alibaba Group by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 37,571,661 shares of the specialty retailer’s stock valued at $6,190,307,000 after purchasing an additional 849,659 shares during the period. Vanguard Group Inc grew its stake in shares of Alibaba Group by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock valued at $6,190,307,000 after purchasing an additional 849,659 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of Alibaba Group by 8.5% during the 3rd quarter. Capital Research Global Investors now owns 21,413,445 shares of the specialty retailer’s stock valued at $3,528,079,000 after purchasing an additional 1,670,726 shares during the period. Institutional investors own 39.79% of the company’s stock.

NYSE BABA opened at $180.97 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. Alibaba Group Holding Ltd has a 12 month low of $129.77 and a 12 month high of $211.70. The company has a market capitalization of $463.49 billion, a P/E ratio of 44.91, a price-to-earnings-growth ratio of 1.76 and a beta of 2.31.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $10.83. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The company had revenue of $117.28 billion for the quarter, compared to analysts’ expectations of $118.52 billion. During the same period in the previous year, the firm earned $1.63 EPS. The firm’s revenue was up 41.3% compared to the same quarter last year. As a group, equities analysts forecast that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current year.

A number of research firms have issued reports on BABA. Stifel Nicolaus restated a “buy” rating and set a $180.00 price target (up from $175.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Barclays reiterated an “overweight” rating and set a $200.00 price objective (up from $195.00) on shares of Alibaba Group in a research note on Thursday, January 31st. ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Finally, Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Alibaba Group in a research note on Monday, January 14th. One research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group currently has an average rating of “Buy” and a consensus target price of $211.07.

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About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

See Also: Asset Allocation

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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