OLD National Bancorp IN reduced its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 13.3% during the fourth quarter, HoldingsChannel reports. The firm owned 8,447 shares of the specialty retailer’s stock after selling 1,295 shares during the quarter. OLD National Bancorp IN’s holdings in Alibaba Group were worth $1,457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BABA. Boussard & Gavaudan Investment Management LLP boosted its position in shares of Alibaba Group by 37.1% in the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after purchasing an additional 3,141,790 shares in the last quarter. Egerton Capital UK LLP bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $507,041,000. Third Point LLC lifted its position in Alibaba Group by 46.7% in the 3rd quarter. Third Point LLC now owns 6,600,000 shares of the specialty retailer’s stock valued at $1,139,886,000 after acquiring an additional 2,100,000 shares in the last quarter. Legal & General Group Plc lifted its position in Alibaba Group by 51.3% in the 3rd quarter. Legal & General Group Plc now owns 3,462,294 shares of the specialty retailer’s stock valued at $597,897,000 after acquiring an additional 1,174,045 shares in the last quarter. Finally, Investec Asset Management LTD lifted its position in Alibaba Group by 24.8% in the 3rd quarter. Investec Asset Management LTD now owns 5,293,925 shares of the specialty retailer’s stock valued at $914,314,000 after acquiring an additional 1,052,394 shares in the last quarter. 37.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alibaba Group Holding Ltd (NYSE BABA) opened at $177.44 on Tuesday. The firm has a market cap of $452,479.09, a price-to-earnings ratio of 45.97, a price-to-earnings-growth ratio of 1.43 and a beta of 2.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97. Alibaba Group Holding Ltd has a 12 month low of $100.11 and a 12 month high of $206.20.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.08). The company had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same quarter last year, the company earned $1.30 earnings per share. equities research analysts predict that Alibaba Group Holding Ltd will post 4.05 earnings per share for the current year.

Several equities analysts recently issued reports on the company. Needham & Company LLC upped their price objective on Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a research report on Monday, October 16th. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a research report on Wednesday, November 8th. Morgan Stanley set a $250.00 price objective on Alibaba Group and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, KeyCorp upped their price objective on Alibaba Group from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus 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.

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

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