Nkcfo LLC Sells 7,000 Shares of Alibaba Group Holding Limited $BABA

Key Points

• Nkcfo LLC sold 7,000 shares of Alibaba Group (BABA) in Q4, cutting its stake by 33.7% to 13,800 shares worth $2.023 million.
• Other major funds made big moves—Capital World Investors boosted its holding 1,074.9% to 6,038,318 shares (adding 5,524,354 shares) and multiple firms initiated or expanded large stakes, while institutional investors overall own about 13.47% of the stock.
• Analysts have trimmed ratings and targets recently, though the consensus remains a Moderate Buy with an average price target of $188.75.

Nkcfo LLC reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 33.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,800 shares of the specialty retailer's stock after selling 7,000 shares during the quarter. Nkcfo LLC's holdings in Alibaba Group were worth $2,023,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BABA. Capital World Investors increased its position in shares of Alibaba Group by 1,074.9% in the third quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer's stock worth $1,079,229,000 after purchasing an additional 5,524,354 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Alibaba Group in the 3rd quarter worth $290,208,000. Trivest Advisors Ltd purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at $202,126,000. Coatue Management LLC lifted its holdings in shares of Alibaba Group by 130.1% during the 3rd quarter. Coatue Management LLC now owns 1,996,593 shares of the specialty retailer's stock worth $356,851,000 after acquiring an additional 1,128,826 shares during the last quarter. Finally, Altimeter Capital Management LP bought a new stake in shares of Alibaba Group during the 3rd quarter worth $173,207,000. Institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of research analyst reports. Erste Group Bank cut Alibaba Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Mizuho cut their price objective on Alibaba Group from $195.00 to $190.00 and set an "outperform" rating for the company in a report on Friday, March 20th. Robert W. Baird reduced their price objective on Alibaba Group from $174.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, March 20th. Weiss Ratings downgraded Alibaba Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. Finally, Susquehanna cut their target price on Alibaba Group from $190.00 to $170.00 and set a "positive" rating for the company in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Alibaba Group currently has an average rating of "Moderate Buy" and an average price target of $188.75.

Alibaba Group Stock Performance

NYSE BABA opened at $131.97 on Friday. The company has a 50-day simple moving average of $133.05 and a two-hundred day simple moving average of $151.35. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. The firm has a market cap of $315.63 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.37 and a beta of 0.50. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share for the quarter. The company had revenue of $40.71 billion during the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 4.33 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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