Aljian Capital Management LLC Has $279,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Aljian Capital Management LLC reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 18.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,294 shares of the specialty retailer’s stock after selling 745 shares during the period. Aljian Capital Management LLC’s holdings in Alibaba Group were worth $279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC boosted its position in Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock valued at $13,180,000 after purchasing an additional 27,088 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after buying an additional 42,446 shares during the last quarter. Generate Investment Management Ltd bought a new position in shares of Alibaba Group in the third quarter valued at $12,656,000. Nations Financial Group Inc. IA ADV increased its holdings in Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after buying an additional 11,192 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Alibaba Group by 7,734.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after acquiring an additional 266,361 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Mizuho lifted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Robert W. Baird upped their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.86.

Alibaba Group Price Performance

Alibaba Group stock opened at $118.35 on Thursday. The stock’s fifty day moving average price is $89.76 and its two-hundred day moving average price is $90.50. The firm has a market cap of $281.52 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $119.81.

Alibaba Group (NYSE:BABA) last posted 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 business had revenue of $236.50 billion during 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%. Alibaba Group’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 earnings per share. As a group, research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

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.