Kiwi Wealth Investments Limited Partnership Decreases Stake in Alibaba Group Holding Ltd (BABA)

Kiwi Wealth Investments Limited Partnership lowered its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 7.1% in the first quarter, HoldingsChannel.com reports. The firm owned 70,699 shares of the specialty retailer’s stock after selling 5,425 shares during the period. Alibaba Group makes up about 1.3% of Kiwi Wealth Investments Limited Partnership’s investment portfolio, making the stock its 21st biggest position. Kiwi Wealth Investments Limited Partnership’s holdings in Alibaba Group were worth $12,976,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Alibaba Group by 8.1% in the 1st quarter. BlackRock Inc. now owns 61,030,594 shares of the specialty retailer’s stock worth $11,201,556,000 after acquiring an additional 4,561,249 shares during the period. Baillie Gifford & Co. boosted its holdings in Alibaba Group by 1.4% in the 1st quarter. Baillie Gifford & Co. now owns 45,331,375 shares of the specialty retailer’s stock worth $8,320,121,000 after acquiring an additional 615,024 shares during the period. Temasek Holdings Private Ltd boosted its holdings in Alibaba Group by 0.3% in the 1st quarter. Temasek Holdings Private Ltd now owns 35,597,989 shares of the specialty retailer’s stock worth $6,533,655,000 after acquiring an additional 102,700 shares during the period. OppenheimerFunds Inc. boosted its holdings in Alibaba Group by 7.5% in the 4th quarter. OppenheimerFunds Inc. now owns 16,055,811 shares of the specialty retailer’s stock worth $2,768,502,000 after acquiring an additional 1,122,712 shares during the period. Finally, FIL Ltd boosted its holdings in Alibaba Group by 8.1% in the 1st quarter. FIL Ltd now owns 14,057,320 shares of the specialty retailer’s stock worth $2,580,080,000 after acquiring an additional 1,050,234 shares during the period. Institutional investors and hedge funds own 37.91% of the company’s stock.

BABA has been the subject of a number of analyst reports. SunTrust Banks upped their price target on Alibaba Group to $235.00 and gave the stock a “buy” rating in a report on Monday, May 7th. ValuEngine upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Barclays set a $220.00 price target on Alibaba Group and gave the stock a “buy” rating in a report on Thursday, April 5th. Zacks Investment Research cut Alibaba Group from a “buy” rating to a “hold” rating in a report on Monday, April 9th. Finally, Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $211.39 target price on the stock in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $223.79.

BABA stock opened at $208.66 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. The company has a market cap of $526.83 billion, a P/E ratio of 51.78, a PEG ratio of 1.28 and a beta of 2.54. Alibaba Group Holding Ltd has a 12-month low of $133.10 and a 12-month high of $211.70.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, May 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.11). The firm had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.36 billion. Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. During the same period in the prior year, the company posted $0.63 earnings per share. sell-side analysts expect that Alibaba Group Holding Ltd will post 5.38 earnings per share for the current year.

Alibaba Group Profile

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.

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

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