Alibaba Group Holding Limited $BABA Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 99.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,430 shares of the specialty retailer’s stock after selling 1,158,522 shares during the quarter. Boston Common Asset Management LLC’s holdings in Alibaba Group were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BABA. Capital World Investors increased its position in shares of Alibaba Group by 1,074.9% in the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock valued at $1,079,229,000 after purchasing an additional 5,524,354 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Alibaba Group by 0.5% in the third quarter. Fisher Asset Management LLC now owns 5,293,597 shares of the specialty retailer’s stock valued at $946,125,000 after buying an additional 26,156 shares during the last quarter. American Century Companies Inc. raised its stake in Alibaba Group by 17.7% in the third quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock valued at $533,964,000 after buying an additional 448,484 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Alibaba Group by 8.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,028,659 shares of the specialty retailer’s stock valued at $362,582,000 after buying an additional 166,134 shares in the last quarter. Finally, Coatue Management LLC lifted its holdings in Alibaba Group by 130.1% during the 3rd quarter. Coatue Management LLC now owns 1,996,593 shares of the specialty retailer’s stock worth $356,851,000 after buying an additional 1,128,826 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA opened at $122.03 on Tuesday. The company’s 50 day simple moving average is $148.92 and its 200-day simple moving average is $157.89. Alibaba Group Holding Limited has a 12-month low of $95.73 and a 12-month high of $192.67. The firm has a market cap of $291.33 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 3.11 and a beta of 0.43. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Alibaba Group from $215.00 to $205.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. Jefferies Financial Group lowered their price target on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Robert W. Baird dropped their price target on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Erste Group Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Argus raised shares of Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.89.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.