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

Capstone Investment Advisors LLC reduced its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 52.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,700 shares of the specialty retailer's stock after selling 32,050 shares during the period. Capstone Investment Advisors LLC's holdings in Alibaba Group were worth $2,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BABA. Rings Capital Management LLC grew its position in Alibaba Group by 1.4% in the 4th 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 during the last quarter. Lindbrook Capital LLC increased its stake 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 buying an additional 101 shares during the period. Global Endowment Management LP boosted its position in Alibaba Group by 1.4% in the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after buying an additional 106 shares during the period. Pinnacle Wealth Planning Services Inc. grew its stake in Alibaba Group by 3.6% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock worth $266,000 after acquiring an additional 108 shares in the last quarter. Finally, TBH Global Asset Management LLC increased its position in shares of Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock worth $407,000 after acquiring an additional 112 shares during the period. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Performance

NYSE:BABA traded up $0.08 during midday trading on Friday, hitting $125.87. The company's stock had a trading volume of 7,304,243 shares, compared to its average volume of 20,531,732. 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 Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The firm's 50 day moving average is $124.45 and its 200-day moving average is $105.98. The firm has a market cap of $300.56 billion, a P/E ratio of 18.19, a P/E/G ratio of 0.61 and a beta of 0.24.

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

Analyst Ratings Changes

Several research firms have commented on BABA. Benchmark raised their price objective on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Mizuho raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, April 18th. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Robert W. Baird upped their price objective on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Fourteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Alibaba Group presently has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group 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.