Kiwi Wealth Investments Limited Partnership trimmed its position in Alibaba Group Holding Ltd (NYSE:BABA) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,699 shares of the specialty retailer’s stock after selling 5,425 shares during the period. Alibaba Group makes up about 1.3% of Kiwi Wealth Investments Limited Partnership’s holdings, making the stock its 21st biggest position. Kiwi Wealth Investments Limited Partnership’s holdings in Alibaba Group were worth $12,976,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Thiel Macro LLC acquired a new stake in Alibaba Group in the first quarter valued at $46,619,000. Highland Capital Management LP acquired a new stake in Alibaba Group in the first quarter valued at $13,766,000. Amundi Pioneer Asset Management Inc. lifted its holdings in Alibaba Group by 4.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,118,743 shares of the specialty retailer’s stock valued at $572,415,000 after acquiring an additional 139,422 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in Alibaba Group by 37.7% in the first quarter. Cubist Systematic Strategies LLC now owns 19,295 shares of the specialty retailer’s stock valued at $3,541,000 after acquiring an additional 5,279 shares during the period. Finally, Zevenbergen Capital Investments LLC lifted its holdings in Alibaba Group by 10.8% in the first quarter. Zevenbergen Capital Investments LLC now owns 349,522 shares of the specialty retailer’s stock valued at $64,151,000 after acquiring an additional 33,950 shares during the period. Hedge funds and other institutional investors own 37.91% of the company’s stock.
BABA has been the subject of a number of recent analyst reports. SunTrust Banks raised their target price on Alibaba Group to $235.00 and gave the company a “buy” rating in a report on Monday, May 7th. ValuEngine raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Barclays set a $220.00 target price on Alibaba Group and gave the company a “buy” rating in a report on Thursday, April 5th. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating in a report on Monday, April 9th. Finally, Vetr raised Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $211.39 target price for the company in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $223.79.
Shares of Alibaba Group opened at $208.66 on Thursday, MarketBeat.com reports. Alibaba Group Holding Ltd has a twelve month low of $133.10 and a twelve month high of $211.70. The stock has a market capitalization of $526.83 billion, a P/E ratio of 51.78, a PEG ratio of 1.28 and a beta of 2.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.89 and a quick ratio of 1.97.
Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, May 4th. The specialty retailer reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.11). Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. The firm had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.36 billion. During the same period in the previous year, the firm posted $0.63 EPS. analysts expect that Alibaba Group Holding Ltd will post 5.38 EPS for the current year.
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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