American Century Companies Inc. Lowers Position in Alibaba Group Holding Ltd (NYSE:BABA)

American Century Companies Inc. lowered its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,376,786 shares of the specialty retailer’s stock after selling 274,117 shares during the period. Alibaba Group makes up 0.6% of American Century Companies Inc.’s holdings, making the stock its 27th biggest holding. American Century Companies Inc. owned 0.13% of Alibaba Group worth $582,259,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Alibaba Group by 23.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 22,011 shares of the specialty retailer’s stock valued at $3,102,000 after purchasing an additional 4,113 shares in the last quarter. Ark Investment Management LLC lifted its stake in shares of Alibaba Group by 18.6% in the second quarter. Ark Investment Management LLC now owns 55,464 shares of the specialty retailer’s stock worth $7,815,000 after acquiring an additional 8,696 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Alibaba Group by 45.1% in the second quarter. Moors & Cabot Inc. now owns 4,280 shares of the specialty retailer’s stock worth $601,000 after acquiring an additional 1,330 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Alibaba Group by 22.3% in the second quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock worth $139,000 after acquiring an additional 179 shares during the period. Finally, IHT Wealth Management LLC lifted its stake in shares of Alibaba Group by 8.1% in the second quarter. IHT Wealth Management LLC now owns 12,194 shares of the specialty retailer’s stock worth $217,000 after acquiring an additional 914 shares during the period. Institutional investors own 37.88% of the company’s stock.

Shares of Alibaba Group Holding Ltd (NYSE BABA) opened at $179.25 on Wednesday. The company has a market capitalization of $459,090.00, a price-to-earnings ratio of 44.04, a price-to-earnings-growth ratio of 1.44 and a beta of 2.58. Alibaba Group Holding Ltd has a fifty-two week low of $100.11 and a fifty-two week high of $206.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. The business had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the business posted $1.30 EPS. sell-side analysts expect that Alibaba Group Holding Ltd will post 4.05 earnings per share for the current year.

Several equities analysts have issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $230.00 price target (up from $210.00) on shares of Alibaba Group in a research note on Sunday, January 28th. SunTrust Banks boosted their price objective on Alibaba Group from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, January 29th. Morgan Stanley set a $250.00 price target on Alibaba Group and gave the stock a “buy” rating in a report on Monday, January 29th. KeyCorp upped their price target on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Oppenheimer reiterated a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $211.40.

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About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

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