Central Asset Investments & Management Holdings HK Ltd Lowers Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Central Asset Investments & Management Holdings HK Ltd reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 94.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,357 shares of the specialty retailer’s stock after selling 89,100 shares during the period. Central Asset Investments & Management Holdings HK Ltd’s holdings in Alibaba Group were worth $454,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB grew its position in Alibaba Group by 6.9% during the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after acquiring an additional 178,999 shares during the period. Modera Wealth Management LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $225,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Alibaba Group by 86.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 71,870 shares of the specialty retailer’s stock valued at $7,996,000 after purchasing an additional 33,410 shares in the last quarter. Concord Wealth Partners grew 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 worth $27,000 after purchasing an additional 155 shares during the period. Finally, Old Port Advisors acquired a new stake in Alibaba Group during the 3rd quarter worth approximately $253,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of BABA opened at $139.18 on Thursday. The firm has a market cap of $330.69 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 0.61 and a beta of 0.31. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $98.31 and its two-hundred day moving average is $94.13. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Mizuho increased their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Bank of America boosted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Benchmark upped their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating, According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $144.07.

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.