Sandy Spring Bank lessened its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 2.8% in the 4th quarter, Holdings Channel reports. The fund owned 20,096 shares of the specialty retailer’s stock after selling 589 shares during the quarter. Sandy Spring Bank’s holdings in Alibaba Group were worth $4,262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BABA. BlackRock Inc. grew its stake in Alibaba Group by 9.5% during the 2nd quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock valued at $13,307,578,000 after acquiring an additional 6,830,518 shares in the last quarter. State Street Corp grew its stake in Alibaba Group by 18.7% during the 4th quarter. State Street Corp now owns 35,607,263 shares of the specialty retailer’s stock valued at $12,969,965,000 after acquiring an additional 5,605,966 shares in the last quarter. Genesis Investment Management LLP purchased a new stake in Alibaba Group during the 3rd quarter valued at about $748,808,000. Johanson Financial Advisors Inc. grew its stake in Alibaba Group by 20,840.6% during the 4th quarter. Johanson Financial Advisors Inc. now owns 2,471,834 shares of the specialty retailer’s stock valued at $11,653,000 after acquiring an additional 2,460,030 shares in the last quarter. Finally, Sanders Capital LLC purchased a new stake in Alibaba Group during the 4th quarter valued at about $513,683,000. 46.78% of the stock is owned by institutional investors.

NYSE:BABA traded down $0.47 on Friday, hitting $219.89. The stock had a trading volume of 900,105 shares, compared to its average volume of 14,743,257. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. The stock has a market cap of $557.62 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.41 and a beta of 2.21. The company has a fifty day moving average price of $217.82 and a two-hundred day moving average price of $189.21. Alibaba Group Holding Ltd has a 1-year low of $147.95 and a 1-year high of $231.14.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 13th. The specialty retailer reported $18.19 earnings per share for the quarter, beating the consensus estimate of $1.86 by $16.33. The company had revenue of $161.46 billion for the quarter, compared to analyst estimates of $156 billion. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. Alibaba Group’s revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the business posted $12.19 EPS. As a group, analysts anticipate that Alibaba Group Holding Ltd will post 5.95 earnings per share for the current year.

Several brokerages recently issued reports on BABA. Robert W. Baird set a $200.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research note on Friday, November 1st. Vertical Group began coverage on shares of Alibaba Group in a research note on Wednesday, October 23rd. They set a “buy” rating for the company. Raymond James upped their price objective on shares of Alibaba Group from $280.00 to $310.00 and gave the company a “strong-buy” rating in a research note on Friday. TH Capital upped their price objective on shares of Alibaba Group from to in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $220.00 price objective on shares of Alibaba Group in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group presently has a consensus rating of “Buy” and an average price target of $236.49.

About Alibaba Group

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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