Elkhorn Partners Limited Partnership Sells 200 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Elkhorn Partners Limited Partnership decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,600 shares of the specialty retailer’s stock after selling 200 shares during the period. Alibaba Group comprises about 0.1% of Elkhorn Partners Limited Partnership’s holdings, making the stock its 18th largest holding. Elkhorn Partners Limited Partnership’s holdings in Alibaba Group were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the 4th quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth $32,000. Redwood Park Advisors LLC bought a new stake in shares of Alibaba Group in the fourth quarter worth $52,000. Kieckhefer Group LLC acquired a new stake in Alibaba Group in the fourth quarter valued at $55,000. Finally, Vision Financial Markets LLC acquired a new position in Alibaba Group during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 3.6 %

BABA opened at $107.89 on Monday. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The firm has a market capitalization of $256.26 billion, a PE ratio of 15.59, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company’s 50-day moving average is $126.59 and its 200 day moving average is $104.64.

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

Analyst Upgrades and Downgrades

BABA has been the subject of a number of analyst reports. Benchmark raised their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Citigroup lowered their target price on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley upgraded Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Finally, Barclays boosted their price objective on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $150.36.

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.