Intellectus Partners LLC Lowers Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Intellectus Partners LLC trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 5.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,920 shares of the specialty retailer’s stock after selling 1,620 shares during the quarter. Intellectus Partners LLC’s holdings in Alibaba Group were worth $2,114,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sanders Capital LLC lifted its stake in shares of Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after purchasing an additional 11,473,618 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Alibaba Group by 461.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock valued at $365,686,000 after buying an additional 3,464,723 shares in the last quarter. Blue Pool Management Ltd. acquired a new position in Alibaba Group during the 4th quarter valued at about $151,726,000. Morgan Stanley increased its position in Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after buying an additional 1,406,491 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Alibaba Group by 65.6% during the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock valued at $304,318,000 after buying an additional 1,389,233 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA traded up $0.44 during midday trading on Friday, hitting $75.55. The stock had a trading volume of 14,216,073 shares, compared to its average volume of 13,622,653. The company has a market capitalization of $191.71 billion, a PE ratio of 13.94 and a beta of 0.46. The stock has a 50 day simple moving average of $73.19 and a 200-day simple moving average of $75.42. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The firm had revenue of $260.35 billion during 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 revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.44 EPS. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Mizuho reaffirmed a “buy” rating and set a $95.00 target price on shares of Alibaba Group in a research report on Wednesday, March 27th. Citigroup cut their price objective on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. The Goldman Sachs Group cut their price objective on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $88.50 to $85.40 in a report on Thursday, February 8th. Finally, Susquehanna dropped their target price on Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday, February 8th. Three 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, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.91.

Alibaba Group Company 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.