Capstone Investment Advisors LLC Cuts Position in Alibaba Group Holding Limited (NYSE:BABA)

Capstone Investment Advisors LLC cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 52.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,700 shares of the specialty retailer's stock after selling 32,050 shares during the quarter. Capstone Investment Advisors LLC's holdings in Alibaba Group were worth $2,433,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BABA. Rings Capital Management LLC raised its holdings in shares of Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after acquiring an additional 100 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after purchasing an additional 101 shares in the last quarter. Global Endowment Management LP boosted its stake in shares of Alibaba Group by 1.4% during the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after purchasing an additional 106 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after buying an additional 108 shares during the period. Finally, TBH Global Asset Management LLC raised its stake in Alibaba Group by 2.4% in the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock worth $407,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded down $4.46 during mid-day trading on Wednesday, reaching $123.20. 15,961,567 shares of the company traded hands, compared to its average volume of 20,586,367. The company's 50 day moving average price is $124.73 and its 200-day moving average price is $105.69. The firm has a market cap of $294.19 billion, a PE ratio of 17.80, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. On average, equities analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Barclays lifted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Fourteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Alibaba Group presently has an average rating of "Buy" and a consensus target price of $150.36.

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.