Causeway Capital Management LLC Sells 599,087 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Causeway Capital Management LLC reduced its position in Alibaba Group Holding Limited (NYSE:BABAGet Rating) by 36.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,053,560 shares of the specialty retailer’s stock after selling 599,087 shares during the quarter. Alibaba Group comprises approximately 2.8% of Causeway Capital Management LLC’s portfolio, making the stock its 10th biggest position. Causeway Capital Management LLC’s holdings in Alibaba Group were worth $125,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BABA. Widmann Financial Services Inc. purchased a new position in shares of Alibaba Group during the fourth quarter worth about $27,000. Consolidated Planning Corp acquired a new stake in Alibaba Group during the 3rd quarter worth approximately $30,000. Addison Advisors LLC grew its stake in shares of Alibaba Group by 50.0% in the 4th quarter. Addison Advisors LLC now owns 255 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Steward Financial Group LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $30,000. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 17.39% of the company’s stock.

NYSE:BABA traded up $5.42 during trading hours on Tuesday, reaching $91.90. 1,017,392 shares of the company traded hands, compared to its average volume of 23,195,020. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.64 and a quick ratio of 1.64. The firm’s 50-day moving average is $98.31 and its 200-day moving average is $117.40. The stock has a market cap of $249.13 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.44 and a beta of 0.91. Alibaba Group Holding Limited has a 1-year low of $73.28 and a 1-year high of $230.89.

Alibaba Group (NYSE:BABAGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The specialty retailer reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.32. The business had revenue of $242.58 billion for the quarter, compared to analyst estimates of $245.79 billion. Alibaba Group had a return on equity of 10.84% and a net margin of 7.86%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.98 earnings per share. As a group, research analysts predict that Alibaba Group Holding Limited will post 6.47 earnings per share for the current year.

Several equities analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Alibaba Group in a research note on Sunday, April 10th. They issued a “buy” rating and a $185.00 price objective on the stock. UBS Group cut their price target on shares of Alibaba Group from $150.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 11th. Citigroup reduced their price objective on shares of Alibaba Group from $200.00 to $177.00 and set a “buy” rating for the company in a research report on Wednesday, April 6th. HSBC dropped their target price on Alibaba Group from $168.00 to $156.00 and set a “buy” rating on the stock in a research report on Friday, April 8th. Finally, Barclays decreased their price target on Alibaba Group from $247.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $189.08.

Alibaba Group Profile (Get Rating)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Featured Stories

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAGet Rating).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.