Clearline Capital LP Sells 72,974 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Clearline Capital LP trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 24.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,875 shares of the specialty retailer's stock after selling 72,974 shares during the quarter. Alibaba Group makes up 2.5% of Clearline Capital LP's holdings, making the stock its 10th biggest holding. Clearline Capital LP's holdings in Alibaba Group were worth $18,813,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group during the 4th quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 200 shares during the last quarter. Redwood Park Advisors LLC bought a new position in Alibaba Group during the fourth quarter valued at approximately $52,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Alibaba Group during the fourth quarter worth approximately $55,000. Institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup decreased their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays raised their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Benchmark lifted their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Fourteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Trading Down 0.4 %

NYSE:BABA traded down $0.47 on Friday, hitting $125.32. The stock had a trading volume of 11,134,886 shares, compared to its average volume of 20,590,010. The company has a fifty day moving average price of $124.36 and a two-hundred day moving average price of $106.15. The stock has a market cap of $299.25 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 0.61 and a beta of 0.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43.

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

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.