Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Shah Capital Management

Shah Capital Management decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,279 shares of the specialty retailer’s stock after selling 706 shares during the period. Alibaba Group comprises approximately 0.5% of Shah Capital Management’s portfolio, making the stock its 16th biggest holding. Shah Capital Management’s holdings in Alibaba Group were worth $2,398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in shares of Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after acquiring an additional 42,446 shares in the last quarter. Generate Investment Management Ltd purchased a new position in shares of Alibaba Group in the 3rd quarter worth about $12,656,000. Nations Financial Group Inc. IA ADV raised its holdings in shares of Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after purchasing an additional 11,192 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after purchasing an additional 50,000 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after purchasing an additional 266,361 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

NYSE BABA opened at $89.13 on Monday. The stock has a market cap of $212.29 billion, a P/E ratio of 18.08, a PEG ratio of 0.37 and a beta of 0.30. The company’s 50-day simple moving average is $85.54 and its 200 day simple moving average is $88.18. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $117.82. 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 (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of research reports. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Monday, October 7th. Benchmark reiterated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho raised their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays lowered their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.13.

About Alibaba Group

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.