Triasima Portfolio Management inc. Has $1.75 Million Stake in Alibaba Group Holding Limited (NYSE:BABA)

Triasima Portfolio Management inc. decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 38.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,635 shares of the specialty retailer’s stock after selling 12,875 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Alibaba Group were worth $1,750,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Concord Wealth Partners boosted its holdings in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter valued at $36,000. Decker Retirement Planning Inc. acquired a new stake in shares of Alibaba Group during the 4th quarter valued at $31,000. Assetmark Inc. boosted its holdings in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Alibaba Group during the 4th quarter valued at $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the topic of several recent research reports. StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Benchmark reaffirmed a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Mizuho lifted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Robert W. Baird lifted their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Stock Up 1.1 %

BABA stock opened at $100.36 on Friday. The stock’s 50 day simple moving average is $87.72 and its 200 day simple moving average is $89.41. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $238.73 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. 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 business posted $1.82 earnings per share. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Alibaba Group Company 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.