Alibaba Group Holding Limited (NYSE:BABA) Position Lowered by Genesis Investment Management LLP

Genesis Investment Management LLP decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 32.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 236,640 shares of the specialty retailer’s stock after selling 114,229 shares during the quarter. Alibaba Group accounts for approximately 3.6% of Genesis Investment Management LLP’s holdings, making the stock its 9th biggest position. Genesis Investment Management LLP’s holdings in Alibaba Group were worth $18,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BABA. Princeton Global Asset Management LLC bought a new stake in Alibaba Group during the third quarter valued at approximately $26,000. Baystate Wealth Management LLC grew its position in shares of Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 216 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $27,000. GPS Wealth Strategies Group LLC raised its holdings in Alibaba Group by 116.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 175 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in Alibaba Group in the 3rd quarter worth $30,000. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the subject of a number of analyst reports. Citigroup reduced their price target on Alibaba Group from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Robert W. Baird decreased their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Macquarie downgraded shares of Alibaba Group from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $88.50 to $85.40 in a report on Thursday, February 8th. The Goldman Sachs Group reduced their price objective on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded down $1.01 during trading hours on Wednesday, reaching $69.61. The company’s stock had a trading volume of 17,478,883 shares, compared to its average volume of 12,781,803. The firm has a 50 day moving average price of $73.33 and a 200-day moving average price of $76.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The stock has a market cap of $176.64 billion, a P/E ratio of 12.84 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.44 EPS. On average, analysts predict that Alibaba Group Holding Limited will post 7.97 EPS for the current year.

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.