Oribel Capital Management LP trimmed its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 43.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,000 shares of the specialty retailer’s stock after selling 20,283 shares during the period. Alibaba Group accounts for 1.5% of Oribel Capital Management LP’s portfolio, making the stock its 25th largest holding. Oribel Capital Management LP’s holdings in Alibaba Group were worth $4,484,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. MUFG Americas Holdings Corp bought a new stake in Alibaba Group in the 4th quarter valued at $101,000. First Eagle Investment Management LLC bought a new stake in Alibaba Group in the 3rd quarter valued at $104,000. Lenox Wealth Advisors Inc. increased its holdings in Alibaba Group by 2,636.4% in the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 580 shares during the last quarter. Trustcore Financial Services LLC bought a new stake in Alibaba Group in the 4th quarter valued at $107,000. Finally, Lorber David A purchased a new position in shares of Alibaba Group in the 3rd quarter worth $109,000. Hedge funds and other institutional investors own 37.76% of the company’s stock.
BABA has been the subject of a number of recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $230.00 price objective (up from $210.00) on shares of Alibaba Group in a research note on Sunday, January 28th. Morgan Stanley set a $250.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Monday, January 29th. Vetr cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $206.73 price objective for the company. in a research note on Friday, November 17th. Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research note on Monday, December 4th. Finally, Nomura reaffirmed a “buy” rating and set a $219.00 price target (down from $221.00) on shares of Alibaba Group in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group currently has an average rating of “Buy” and an average price target of $211.22.
Alibaba Group Holding Ltd (NYSE BABA) traded up $4.15 during trading hours on Wednesday, reaching $192.56. 20,032,271 shares of the company’s stock traded hands, compared to its average volume of 21,330,000. The stock has a market cap of $493,180.00, a P/E ratio of 47.20, a PEG ratio of 1.56 and a beta of 2.57. Alibaba Group Holding Ltd has a 12 month low of $102.60 and a 12 month high of $206.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97.
Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.08). The company had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same period in the prior year, the firm posted $1.30 EPS. research analysts anticipate that Alibaba Group Holding Ltd will post 4.05 earnings per share for the current fiscal year.
About Alibaba Group
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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