Fulcrum Capital LLC Trims Stock Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Fulcrum Capital LLC reduced its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,570 shares of the specialty retailer’s stock after selling 2,907 shares during the period. Fulcrum Capital LLC’s holdings in Alibaba Group were worth $6,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. Polar Asset Management Partners Inc. grew its position in Alibaba Group by 768.2% in the 2nd quarter. Polar Asset Management Partners Inc. now owns 191,000 shares of the specialty retailer’s stock valued at $32,365,000 after acquiring an additional 169,000 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in shares of Alibaba Group during the second quarter worth about $215,000. Edge Capital Group LLC grew its position in shares of Alibaba Group by 23.0% during the second quarter. Edge Capital Group LLC now owns 2,800 shares of the specialty retailer’s stock worth $474,000 after buying an additional 523 shares in the last quarter. Berkshire Capital Holdings Inc. grew its position in shares of Alibaba Group by 791,300.0% during the second quarter. Berkshire Capital Holdings Inc. now owns 79,140 shares of the specialty retailer’s stock worth $13,410,000 after buying an additional 79,130 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Alibaba Group by 1.8% during the second quarter. KBC Group NV now owns 752,236 shares of the specialty retailer’s stock worth $127,467,000 after buying an additional 13,553 shares in the last quarter. Hedge funds and other institutional investors own 43.50% of the company’s stock.

BABA stock traded up $3.46 during trading on Thursday, hitting $187.62. 11,172,488 shares of the company’s stock were exchanged, compared to its average volume of 13,900,155. The business has a 50-day moving average price of $173.26 and a two-hundred day moving average price of $170.99. The stock has a market capitalization of $477.13 billion, a price-to-earnings ratio of 52.26, a PEG ratio of 1.17 and a beta of 2.26. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $195.72. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.17.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.30. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.72 billion. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. On average, equities research analysts anticipate that Alibaba Group Holding Ltd will post 5.71 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on BABA shares. Jefferies Financial Group started coverage on Alibaba Group in a research report on Monday, August 5th. They set a “buy” rating and a $216.00 price objective for the company. SunTrust Banks dropped coverage on Alibaba Group in a research report on Friday, November 1st. Daiwa Capital Markets reissued a “buy” rating on shares of Alibaba Group in a research report on Tuesday, October 22nd. Bank of America boosted their price objective on Alibaba Group from $233.00 to $234.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-five have given a buy rating to the company. Alibaba Group has a consensus rating of “Buy” and an average price target of $225.78.

Alibaba Group Profile

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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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