Alibaba Group Holding Limited (NYSE:BABA) Stock Position Trimmed by Tweedy Browne Co LLC

Tweedy Browne Co LLC decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 64.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,645 shares of the specialty retailer’s stock after selling 8,295 shares during the period. Tweedy Browne Co LLC’s holdings in Alibaba Group were worth $394,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans acquired a new position in shares of Alibaba Group during the 3rd quarter valued at $321,000. The Manufacturers Life Insurance Company bought a new position in Alibaba Group during the third quarter valued at about $287,000. CreativeOne Wealth LLC acquired a new position in Alibaba Group during the third quarter worth about $518,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Alibaba Group by 2.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,347 shares of the specialty retailer’s stock worth $1,523,000 after acquiring an additional 390 shares in the last quarter. Finally, Fred Alger Management LLC acquired a new stake in Alibaba Group in the 3rd quarter valued at about $2,450,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BABA shares. Arete Research raised Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Robert W. Baird upped their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, Bank of America upped their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $148.14.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $132.32 on Tuesday. The stock has a market capitalization of $314.39 billion, a P/E ratio of 19.12, a P/E/G ratio of 0.61 and a beta of 0.28. The business has a 50-day moving average of $122.54 and a two-hundred day moving average of $103.03. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. 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 earnings per share 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 company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, equities research analysts predict 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.