Sycomore Asset Management Lowers Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Sycomore Asset Management trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 20.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,800 shares of the specialty retailer’s stock after selling 700 shares during the quarter. Sycomore Asset Management’s holdings in Alibaba Group were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Foundations Investment Advisors LLC increased its position in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock valued at $13,180,000 after acquiring an additional 27,088 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after purchasing an additional 42,446 shares in the last quarter. Generate Investment Management Ltd purchased a new position in shares of Alibaba Group in the third quarter worth $12,656,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after purchasing an additional 11,192 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Alibaba Group by 7,734.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after buying an additional 266,361 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Up 3.3 %

BABA stock opened at $103.71 on Monday. The business’s 50-day moving average price is $88.04 and its 200-day moving average price is $89.69. The stock has a market cap of $246.69 billion, a P/E ratio of 21.04, a PEG ratio of 0.42 and a beta of 0.31. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 earnings per share. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

BABA has been the subject of a number of recent analyst reports. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Barclays lowered their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Mizuho lifted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird increased their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.86.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.