Aubrey Capital Management Ltd Cuts Stake in Alibaba Group Holding Limited (NYSE:BABA)

Aubrey Capital Management Ltd reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 94.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,360 shares of the specialty retailer’s stock after selling 157,606 shares during the quarter. Aubrey Capital Management Ltd’s holdings in Alibaba Group were worth $725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Princeton Global Asset Management LLC purchased a new stake in Alibaba Group during the third quarter valued at about $26,000. Baystate Wealth Management LLC lifted its holdings in Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Alibaba Group by 116.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in Alibaba Group during the third quarter valued at about $30,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Alibaba Group during the third quarter valued at about $31,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research report on Wednesday, April 10th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Robert W. Baird decreased their price target on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Citigroup decreased their price objective on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Finally, Barclays decreased their price objective on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Trading Up 0.6 %

BABA stock traded up $0.44 on Friday, reaching $75.55. The company’s stock had a trading volume of 14,216,073 shares, compared to its average volume of 13,622,653. The business has a fifty day simple moving average of $73.19 and a two-hundred day simple moving average of $75.50. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The firm has a market cap of $191.71 billion, a PE ratio of 13.94 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). The firm had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.44 EPS. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

About Alibaba Group

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.