FengHe Fund Management Pte. Ltd. Sells 87,400 Shares of Alibaba Group Holding Limited $BABA

Key Points

• FengHe Fund Management sold 87,400 shares, trimming its Alibaba stake by 66.6% to 43,800 shares valued at $6.42 million according to its latest 13F filing.
• Despite several recent downgrades and lower price targets from some firms, the analyst consensus remains a "Moderate Buy" with an average target of $187.68 (1 Strong Buy, 16 Buy, 4 Hold, 1 Sell).
• Alibaba shares opened at $132.57 (down ~2.4%), trade in a 52‑week range of $103.71–$192.67, and the company reported last-quarter EPS of $0.13 on $40.71 billion revenue with a market cap near $317 billion.

FengHe Fund Management Pte. Ltd. trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 66.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,800 shares of the specialty retailer's stock after selling 87,400 shares during the period. FengHe Fund Management Pte. Ltd.'s holdings in Alibaba Group were worth $6,420,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NTV Asset Management LLC lifted its holdings in shares of Alibaba Group by 127.4% in the 3rd quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer's stock worth $2,707,000 after purchasing an additional 8,484 shares in the last quarter. ARK Investment Management LLC bought a new position in shares of Alibaba Group in the 3rd quarter worth $37,565,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Alibaba Group by 14.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 30,361 shares of the specialty retailer's stock worth $5,427,000 after purchasing an additional 3,929 shares in the last quarter. Great Hill Capital LLC bought a new position in shares of Alibaba Group in the 3rd quarter worth $2,207,000. Finally, Stanley Laman Group Ltd. bought a new position in shares of Alibaba Group in the 3rd quarter worth $1,966,000. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BABA has been the topic of a number of recent research reports. Erste Group Bank cut Alibaba Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 18th. Argus raised Alibaba Group to a "hold" rating in a research report on Tuesday, March 24th. DZ Bank lowered Alibaba Group from a "buy" rating to a "hold" rating and set a $135.00 price target for the company. in a research report on Friday, March 20th. Jefferies Financial Group lowered their price target on Alibaba Group from $225.00 to $212.00 and set a "buy" rating for the company in a research report on Thursday, March 19th. Finally, Susquehanna lowered their price target on Alibaba Group from $190.00 to $170.00 and set a "positive" rating for the company in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $187.68.

Alibaba Group Trading Down 2.4%

Shares of BABA opened at $132.57 on Tuesday. The business has a 50-day moving average of $134.50 and a 200 day moving average of $151.83. Alibaba Group Holding Limited has a fifty-two week low of $103.71 and a fifty-two week high of $192.67. The firm has a market cap of $317.07 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 2.44 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.33.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The company had revenue of $40.71 billion during the quarter. As a group, research analysts forecast that Alibaba Group Holding Limited will post 4.39 EPS for the current year.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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