Massachusetts Financial Services Co. MA Cuts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Massachusetts Financial Services Co. MA decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 267,683 shares of the specialty retailer’s stock after selling 2,122 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Alibaba Group were worth $22,697,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Foundations Investment Advisors LLC lifted its holdings in Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after acquiring an additional 27,088 shares during the period. Berkshire Asset Management LLC PA purchased a new stake in shares of Alibaba Group during the 4th quarter valued at $911,000. Exchange Traded Concepts LLC raised its stake 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 purchasing an additional 42,446 shares during the period. Bailard Inc. boosted its holdings in shares of Alibaba Group by 46.3% in the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock worth $869,000 after buying an additional 3,242 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in Alibaba Group by 31.3% during the fourth quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer’s stock valued at $1,566,000 after buying an additional 4,397 shares during the period. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Mizuho boosted their target price on shares of Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, March 28th. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $100.00 to $180.00 in a report on Monday, February 24th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Buy” and an average price target of $148.14.

Alibaba Group Stock Down 9.9 %

Shares of NYSE:BABA opened at $116.56 on Monday. The company has a market cap of $276.85 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43. The firm has a fifty day moving average price of $125.77 and a two-hundred day moving average price of $104.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal 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.